IPO Details
Bidding Dates
27 Mar '24 - 02 Apr '24
Minimum Investment
₹ 1,42,800 / 1 Lot ( 1200 Shares )
Price Range
₹111 - ₹119
Maximum Investment
₹ 1,42,800 / 1 Lot ( 1200 Shares )
Retail Discount
To be announced
Issue Size
₹40.54 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Mar 27, 2024
Closing Date
Apr 2, 2024
Basis of Allotment
Apr 3, 2024
Initiation of Refunds
Apr 4, 2024
Credit of Shares to Demat
Apr 4, 2024
Listing Date
Apr 7, 2024
Cut-off time for UPI mandate confirmation
Apr 2, 2024
About K2 Infragen Ltd
Established in 2015, K2 Infragen Ltd is a comprehensive engineering, procurement, and construction (EPC) entity, specialising in Power Engineering and Project Engineering. The firm boasts a rich portfolio of designing and building diverse projects across eight states in India, including Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab, and Delhi.
They offer a wide range of services that cover the entire project lifecycle, such as design, procurement, overseeing construction, managing subcontractors and work orders, as well as post-construction activities, catering to their clients' needs.
K2 Infragen Ltd is recognised for its commitment to quality, environmental stewardship, and occupational health and safety, holding ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015 certifications awarded by Globus Certifications Private Limited. The company is also acknowledged for its capacity as a contractor through various certifications with departments and agencies.
Notably, it holds Class AA registration with the Public Works Department in Rajasthan and Madhya Pradesh, Bhopal. This accreditation empowers K2 Infragen Ltd to engage in and execute projects tendered by numerous departments and agencies.
As of February 29, 2024, the company has completed 48 projects amounting to ₹42,606.33 lakhs.
Industry Outlook
- With a 33% increase in infrastructure investment to ₹10 lakh crore, reflecting 3.3% of GDP, and a record ₹2.40 lakh crore for Railways, the sector anticipates strong growth and improved connectivity.
- The expansion of the NIP to 9,142 projects, especially with ₹1.9 trillion in transportation, signals extensive infrastructure advancements and economic opportunities.
K2 Infragen Ltd IPO Details
K2 Infragen Ltd IPO Dates
K2 Infragen IPO is open from March 28, 2024 to April 3, 2024. The IPO will be listed on NSE Emerge.
K2 Infragen Ltd IPO Price Band
K2 Infragen is a book-built issue. The price band is set at ₹111 to ₹119 per share.
K2 Infragen Ltd IPO Lot Size
The lot size for K2 Infragen Limited’s IPO is 1,200 shares with a minimum investment of ₹1,42,800.
K2 Infragen Ltd IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Raise ₹1,600 lacs for working capital requirements, allocating ₹250 lacs in Fiscal 2024 and ₹1,350 lacs in Fiscal 2025.
- Secure ₹831 lacs for capital expenditure entirely in Fiscal 2025.
- Fund general corporate purposes; details are pending for specific allocation amounts.
Peer Details
The following are the listed peers of K2 Infragen:
- Markolines Pavement Technologies Ltd
- W S Industries (India) Ltd
- Udayshivakumar Infra Ltd
- Advait Infratech Ltd
How To Check the Allotment Status of the K2 Infragen Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of K2 Infragen Ltd
Registered office: 801 A, B & 802 A, B, C, 8th Floor, Welldone Techpark, Sohna Road, Gurugram, Haryana – 122 018, India.
Phone: +91 124 4896700
E-mail: cs@k2infra.com
IPO Financials
Particulars | For the period Ended on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
---|---|---|---|---|
Total Income (in ₹ lakh) | 5,967.98 | 7,490.08 | 3,685.20 | 3,568.05 |
EBITDA Margin (%) | 17.51% | 25.76% | 1.40% | 7.40% |
Profit After Tax (PAT) (in ₹ lakh) | 607.45 | 1,132.32 | (311.26) | 22.49 |
PAT Margin (%) | 10.23% | 15.14% | -8.51% | 0.63% |
Cash & Cash Equivalents (in ₹ lakh) | 65.81 | 44.36 | 102.38 | 19.25 |
Debt to Equity Ratio(x) | 0.87 | 1.71 | 15.40 | 15.87 |
Return on Net Worth (%) | 23.96% | 81.32% | -232.56% | 19.48% |
Return on Capital Employed (RoCE) (%) | 19.91% | 46.22% | -4.98% | 8.41% |
Earning Per Share (EPS)-in absolute ₹ | 6.83 | 18.04 | -6.04 | 0.69 |
Know before investing
Strengths
3-
Strong order book with projects worth approximately ₹39,560.41 lacs across five states, showcasing a robust pipeline and expertise in winning and managing diverse EPC projects.
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Proven track record of timely execution, supported by over eight years of management experience, showcasing capability in project management, efficient manpower, and equipment use.
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Integrated in-house model with a significant investment in assets, including 13 construction and mining machines and 25 vehicles, totalling a gross block value of ₹1,345.85 lacs, reducing dependency on external suppliers.
Risks
3-
The company faces risks from discrepancies in allotments over multiple dates, affecting transparency and inviting regulatory scrutiny, potentially impacting shareholder accuracy and compliance with the Companies Act, 2013.
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Over-reliance on Uttar Pradesh for revenue, with ₹5,808.82 lakhs constituting 97.81% of income as of September 30, 2023, means regional disruptions could significantly affect operations and financial health.
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High customer concentration risk, with top ten clients contributing up to 99.94% of sales by September 30, 2023, poses a threat to revenue stability if any significant client is lost.
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K2 Infragen Ltd IPO FAQs
K2 Infragen IPO is a book-built IPO. The IPO will be open from March 28, 2024 to April 3, 2024.
The Basis of Allotment will happen on Monday, April 4, 2024.
The IPO subscription window will open on March 28, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.
The listing date for K2 Infragen is Friday, April 8, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.