K2 Infragen Limited IPO
- IPO Date28 Mar, 2024 to 03 Apr, 2024
- Listing Date08 Apr, 2024
- Face Value₹10 per share
- Issue Price₹111 to ₹119 per share
- Lot Size1200 Shares
- Minimum Investment₹1,42,800
- Listing AtNSE SME
- Total Issue Size34,06,800 Shares
(aggregating up to ₹40.54 Cr) - Fresh Issue34,06,800 Shares
(aggregating up to ₹40.54 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue92,11,594
- Shareholding post issue1,26,18,396
IPO Dates
Closing Date
03 Apr, 2024
Initiation of Refunds
05 Apr, 2024
Listing Date
08 Apr, 2024
28 Mar, 2024
Opening Date
04 Apr, 2024
Basis of Allotment
05 Apr, 2024
Credit of Shares
K2 Infragen Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,42,800 |
| HNI (Min) | 2 | 2400 | ₹2,85,600 |
| Retail (Max) | 1 | 1200 | ₹1,42,800 |
K2 Infragen Limited Promoter Holding
The company's promoters are Mr. Pankaj Sharma, Ms. Priya Sharma, Mr. Rajesh Tiwari, Mr. Rajiv Khandelwal and Mr. Sarvajeet Singh.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 55.29% | 40.36% |
K2 Infragen Limited COMPANY INFORMATION
K2 Infragen IPO is a book built issue of Rs 40.54 crores. The issue is entirely a fresh issue of 34.07 lakh shares. K2 Infragen IPO opens for subscription on March 28, 2024 and closes on April 3, 2024. The allotment for the K2 Infragen IPO is expected to be finalized on Thursday, April 4, 2024. K2 Infragen IPO will list on NSE SME with tentative listing date fixed as Monday, April 8, 2024. K2 Infragen IPO price band is set at ₹111 to ₹119 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹142,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹285,600. Expert Global Consultants Private Limited is the book running lead manager of the K2 Infragen IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for K2 Infragen IPO is Rikhav Securities. Refer to K2 Infragen IPO RHP for detailed information.
K2 Infragen Limited was founded in 2015 and is an engineering, procurement and construction (EPC) company. The company was previously known as K2 Powergen Private Limited.
The company has two divisions:
1. Engineering, Procurement and Construction (EPC): This includes
- Contract business: planning and construction of the project, procurement of key materials and project execution on the construction sites with overall project management through to commissioning of the projects. This includes water supply projects, railroad projects, road construction projects and civil construction work.
- Services business: The EPC services business comprises the structuring and scheduling of projects, personnel planning and logistics to ensure the timely execution and completion of projects. Construction services include engineering, procurement and construction of various projects under build-to-order/build-operate-leasing for the construction of buildings, boundary walls, transmission lines, water projects, etc. This includes planning work, surveying, project management and quality supervision.
2. Trading business: This includes the procurement and trading of materials such as non-ferrous metals on the open market through auction procedures.
As of March 22, 2024, the company had a total of 61 employees.
FAQs About K2 Infragen Limited Ipo
K2 Infragen Limited IPO will open on 28 Mar, 2024 and close on 03 Apr, 2024. Investors must apply within this period to participate.
The K2 Infragen Limited IPO price band is set between ₹111.00 and ₹119.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹142800.00.
The K2 Infragen Limited IPO shares are expected to be listed on 08 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your K2 Infragen Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The K2 Infragen Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.