K2 Infragen IPO GMP, Review, Price, Allotment

Hey folks, exciting news alert for all you investment enthusiasts out there! K2 Infragen Developers is diving into the IPO scene with a massive Rs 40.54 crores in the bag! They’re setting the stage with a price band ranging from ₹111 to ₹119 per share. K2 Infragen IPO GMP Today is ₹5. Now, if you’re thinking of jumping aboard this train, here’s the lowdown: you gotta aim for at least 1200 shares, which means a cool ₹142,800 minimum investment for the retail gang. And for our High Net Worth Individuals (HNIs), it’s double the fun – they gotta roll in with a minimum of 2 lots, totaling ₹285,600.

Mar 28 – Apr 3

₹111 to ₹119 per share

₹10 per share

₹30

The K2 Infragen IPO GMP Today is ₹30.

Mark your calendars because the subscription window swings open on March 28, 2024, and shuts down on April 3, 2024. Allocation news is expected to drop by April 4, 2024, and if all goes as planned, we could see K2 Infragen hitting the listings on April 8, 2024, over at NSE SME.

IPO DateMarch 28, 2024 to April 3, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹111 to ₹119 per share
Lot Size1200 Shares
Total Issue Size3,406,800 shares
(aggregating up to ₹40.54 Cr)
Fresh Issue3,406,800 shares
(aggregating up to ₹40.54 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue9,211,594
Share holding post issue12,618,394
Market Maker portion249,600 shares
Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,378.795,690.402,591.142,220.52
Revenue5,967.987,490.083,685.203,568.05
Profit After Tax607.451,132.32-311.2622.49
Net Worth2,535.321,392.45133.84115.49
Reserves and Surplus1,611.241,165.10-96.26-46.56
Amount in ₹ Lakhs
IPO Open DateThursday, March 28, 2024
IPO Close DateWednesday, April 3, 2024
Basis of AllotmentThursday, April 4, 2024
Initiation of RefundsFriday, April 5, 2024
Credit of Shares to DematFriday, April 5, 2024
Listing DateMonday, April 8, 2024
Cut-off time for UPI mandate confirmation5 PM on April 3, 2024
K2 infragen

Now, let’s talk shop. K2 Infragen Limited, born in 2015, is all about engineering, procurement, and construction (EPC) vibes. They used to go by the name K2 Powergen Private Limited, just FYI. Their hustle falls into two main categories:

1. Engineering, Procurement, and Construction (EPC): These folks are the wizards behind a bunch of projects ranging from water supply to railroad and civil construction. They’re all about making plans and getting things done on time with top-notch quality management.

2. Trading Business: They’re into snagging and trading non-ferrous metals through some serious auction action. And as of March 22, 2024, their squad boasts a total of 61 team members. So, there you have it, folks! Keep your eyes peeled for this IPO if you’re ready to dive into the excitement! 

Registrar Info

NameKfin Technologies Limited
Phone number04067162222, 04079611000
Email IDk2infragen.ipo@kfintech.com
Websitekosmic.kfintech.com

Contact Details

NameK2 Infragen Limited
Phone number+91 124 4896700
Email IDcs@k2infra.com
Websitek2infra.com
  • Experienced promoters and a competent management team.
  • Well-established relationships with a loyal customer base.
  • Access to markets worldwide, enabling global reach.
  • Heavy reliance on customers based in the United States.
  • Need to adhere to multiple laws and regulations in these countries to ensure compliance.
  • Competition from other players in the market.

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