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k2 infragen ipo

K2 Infragen IPO

  • Status: Closed
  • RHP:
  • ₹ 133,200 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    08 Apr 2024

  • Listing Price

    ₹ 167.00

  • Listing Change

    40.34%

  • Last Traded Price

    ₹ 281.80

IPO Details

  • Open Date

    28 Mar 2024

  • Close Date

    03 Apr 2024

  • IPO Price Range

    ₹ 111 to ₹ 119

  • IPO Size

    ₹ 40.54 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Apr 2024

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IPO Timeline

K2 Infragen IPO Subscription Status

Last Updated: 10 April 2024 6:10 PM by 5Paisa

K2 Infragen Limited IPO is all set to open from 28th March to 3rd April 2024. It is an integrated engineering, procurement and construction (EPC) company. The IPO includes a fresh issue of 3,406,800 shares worth ₹40.54 cr. The share allotment date is 4th April 2024, and the IPO will be listed on 8th April 2024 on the stock exchanges. The price band is ₹111 to ₹119 and the lot size is 1200 shares.    

Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while  Kfin Technologies Limited is the registrar. 

Objectives of K2 Infragen IPO:

K2 Infragen Limited plans to utilize the raised capital from the IPO to:

●    For working expenditure requirements. 
●    For working capital requirements.
●    General Corporate Purposes.
 

Established in 2015, K2 Infragen Limited is an integrated engineering, procurement and construction (EPC) company. The company has a specialization in Power Engineering and Project Engineering. It has undertaken projects in 8 states across the country which include Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab, and Delhi. 

The company looks after end-to-end processes such as value chain, design, procurement, construction supervision, subcontract management, work order management, and post-construction activities. The company takes on projects like Civil Construction Work, Turnkey Water Supply Projects, Railway Projects, and Road Projects.

K2 Infragen Limited also has ISO 14001:2015 and 9001:2015 certifications. The company wins orders as contractors for different government departments and agencies. 

Peer Comparison

●    Markolines Pavement Technologies Limited
●    W S Industries (India) Limited
●    Udayshivakumar Infra Limited
●    Advait Infratech Limited

For More Information:
Webstory on K2 Infragen IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 74.79 36.56 35.47
EBITDA 19.26 0.51 2.62
PAT 11.32 -3.11 0.22
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 56.90 25.91 22.20
Share Capital 2.24 2.12 1.58
Total Borrowings 42.97 24.57 21.05
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -1.03 -1.21 -3.06
Net cash from / (used in) investing activities -1.52 -1.34 -5.49
Net cash flow from / (used in) financing activities 1.97 3.38 8.54
Net increase (decrease) in cash and cash equivalents -0.58 0.83 -0.017


Strengths

1.    The company is a Focused EPC player.
2.    It has a strong order book.
3.    The company has a track record of timely execution.
4.    It has in-house capabilities to deliver a project from conceptualization until completion.
5.    A highly experienced and professional leadership team.
 

Risks

1.    The business is concentrated in Uttar Pradesh.
2.    The projects are exposed to various implementation risks. 
3.    Higher working capital requirements. 
4.    The company derives the majority of its revenue from our Turnkey Water Supply Projects.
5.    It has reported negative cash flows in the past. 
 

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FAQs

K2 Infragen IPO opens from 28th March to 3rd April 2024.
 

The size of K2 Infragen IPO is ₹40.54 cr. 
 

To apply for K2 Infragen IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the K2 Infragen IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.
 

The price band of K2 Infragen IPO is fixed at ₹111 to ₹119 per share. 
 

The minimum lot size of K2 Infragen IPO is 1200 shares and the investment required is ₹1,33,200.
 

The share allotment date of K2 Infragen IPO is 4th April 2024.
 

The K2 Infragen IPO will be listed on 8th April 2024.
 

Expert Global Consultants Private Limited is the book-running lead manager for K2 Infragen IPO.
 

K2 Infragen plans to utilize the raised capital from the IPO to:

●    For working expenditure requirements. 
●    For working capital requirements.
●    General Corporate Purposes.