K2 Infragen Limited
Book Built Issue IPO · NSE
- Price band
- ₹111 - ₹119
- Lot size
- 1,200 shares
- Issue amount
- ₹40.54 cr
- Total subscription
- 50.63×
- Opens
- 28 Mar 2024
- Closes
- 3 Apr 2024
- Allotment
- 4 Apr 2024
- Listing
- 8 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 34,06,800 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,33,200
- Fresh issue
- ₹40.54 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,42,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 92,11,594
- Shares after issue
- 1,26,18,394
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,42,800 |
| HNI | 2 | 2,400 | ₹2,85,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.51 | 175.56 |
| RETAIL | 13.15 | 511.78 |
| NIB | 5.64 | 644.51 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.83 | 18.04 | -6.04 |
| ROE | 0 | 0 | 0 |
| ROCE | 19.91 | 46.22 | -4.98 |
| RONW | 23.96 | 81.32 | -232.56 |
| PRE IPO(PE) | 4.32 | 0 | 0 |
| POST IPO(PE) | 9.68 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
K2 Infragen Limited, formerly K2 Powergen Private Limited, is a dynamic engineering, procurement, and construction (EPC) company established in 2015. Operating through two key divisions, the company provides end-to-end EPC solutions across water supply, railroads, road construction, and civil infrastructure projects, managing everything from planning and procurement to execution and logistics. Additionally, its trading division specializes in procuring and trading non-ferrous metals through auctions, adding versatility to its operations. With a strong focus on efficiency, innovation, and client satisfaction, K2 Infragen Limited continues to make a mark in the industry, backed by a dedicated team of 61 employees as of March 22, 2024.
Strengths
- Experienced Leadership: The company is run by a team with a strong track record, meaning they know how to handle challenges and seize opportunities. This builds trust among investors, clients, and stakeholders.
- Proven Project Success: Having completed multiple projects successfully, the company has shown it’s reliable and capable. This strong reputation helps attract more clients and business opportunities.
- All-in-One Operations: The company manages projects in-house, allowing for better control over quality, efficiency, and resources. This reduces reliance on outside help, making processes smoother and more cost-effective.
Risk factors
- Heavy Dependence on Uttar Pradesh: Almost all of the company’s revenue (97.81%) comes from Uttar Pradesh. This means any negative changes in the state's economy, politics, or regulations could seriously affect business performance and stability.
- High Debt Levels: The company has taken on a lot of debt, which increases financial pressure due to interest payments and repayment obligations. If it struggles to meet these commitments, it could face financial difficulties and limited growth opportunities.
- Financial Reporting Issues: There have been discrepancies and non-compliance issues in financial records and tax filings. This could lead to penalties, legal trouble, and damage to the company’s reputation, making it harder to attract investors and grow.
Promoters
Mr. Pankaj Sharma
Ms. Priya Sharma
Mr. Rajesh Tiwari
Mr. Rajiv Khandelwal
Mr. Sarvajeet Singh
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
801 A, B & 802 A, B, C, 8th Floor, Welldone Techpark, Sohna Road, Gurugram – 122 018
+91 124 4896700
[email protected]Company website ↗Understanding K2INFRA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.