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K2 Infragen IPO
Price Band
₹111.0–119.0
Issue Size
₹40.54 Cr
Lot Size
1,200 shares
Min Investment
₹142,800
GMP
+₹63.0 (52.94%)
Issue Price
₹119.0
Subject to Sauda
₹57500
Paid only if allotted
K2 Infragen IPO AI Summary
- K2 Infragen IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹111.0–₹119.0 per share, lot size 1,200 shares (min. investment ₹142,800).
- Subscription window: 28 Mar–03 Apr 2024, listing on 08 Apr 2024.
- Current GMP is +₹63.0 (52.94%), an estimated listing price of ₹182 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
K2 Infragen IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
K2 Infragen IPO Grey Market Premium (GMP) Today
GMP
+₹63.0
GMP %
+52.94%
Est. Listing
₹182.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.79 | 56.90 | 25.91 | 22.21 |
| Total Income | 59.68 | 74.90 | 36.85 | 35.68 |
| Profit After Tax | 6.07 | 11.32 | -3.11 | 0.22 |
| NET Worth | 25.35 | 13.92 | 1.34 | 1.15 |
| Reserves and Surplus | 16.11 | 11.65 | -0.96 | -0.47 |
Key Ratios
EPS
₹12.29
NAV
₹27.53
ROE
23.96%
ROCE
19.91%
RoNW
23.9%
P/B Value
4.32
P/E Ratio
9.68
Market Cap
₹150.16 Cr
PAT Margin
10.23%
Debt/Equity
0.87
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Advait Infratech Ltd | 50.01 | 19.6% | 17.91 | 15.59 | 15.59 |
| Udayshivakumar Infra Ltd | 25.52 | 11.11% | — | 4.37 | 4.37 |
| W S Industries (India) Ltd | 15.54 | 30.24% | 8.16 | 4.45 | 3.99 |
| Markolines Pavement Technologies Ltd | 44.91 | 18.35% | 12.68 | 8.24 | 8.24 |
| K2 Infragen Limited This IPO | 62.04 | 81.32% | — | 18.04 | 15.4 |
Promoters
Pankaj Sharma, Priya Sharma, Rajesh Tiwari, Rajiv Khandelwal and Sarvajeet Singh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working capital requirement 16.00 2 Capital Expenditure; and 8.31 3 General corporate purposes 9.23
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹36.85 Cr in the year ending 31 Mar 2022, rising to ₹74.90 Cr by 31 Mar 2023, but then decreased to ₹59.68 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was a loss of ₹3.11 Cr in the year ending 31 Mar 2022, improving to a profit of ₹0.22 Cr by 31 Mar 2021, and then increasing to ₹11.32 Cr by 31 Mar 2023. However, it declined to ₹6.07 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
K2 Infragen Limited has an implied P/E ratio of 9.68 at the issue price, compared to peers trading at P/E ratios ranging from 8.16 to 17.91.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A higher GMP suggests strong demand, while a lower GMP may indicate weaker interest. However, GMP is not guaranteed and can fluctuate until the listing date.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own investment goals and risk tolerance. It's important to consider the company's financial performance and market conditions.
Who May Want to Wait
Investors who prefer stable investments with lower risk may want to avoid IPOs like this, which can be subject to high volatility and uncertain performance in the early stages.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 28 March 2024 and closes on 3 April 2024. Allotment of shares will be done on 4 April 2024, with the listing date set for 8 April 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor might make when shares are listed on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the IPO. Investors should be aware that prices can fluctuate significantly on the day of listing.
This evaluation is generated from K2 Infragen's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is K2 Infragen IPO GMP today?
K2 Infragen IPO GMP today is +₹63.0 (52.94%), indicating an estimated listing price of ₹182. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of K2 Infragen IPO?
The price band of K2 Infragen IPO is ₹111.0–₹119.0 per share.
When does K2 Infragen IPO open and close?
K2 Infragen IPO opens on 28 March 2024 and closes on 03 April 2024.
When does K2 Infragen IPO list on the stock exchange?
K2 Infragen IPO listed on 08 April 2024 at ₹182.0.
What is the lot size for K2 Infragen IPO?
The lot size for K2 Infragen IPO is 1200 shares, requiring a minimum investment of ₹142,800.
What is the price band for K2 Infragen's IPO?
The price band for K2 Infragen's IPO is ₹111.0 to ₹119.0.
What is the minimum investment required?
The minimum investment required is ₹142,800.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
When is the listing date for K2 Infragen?
The listing date for K2 Infragen is 8 April 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Mar 2024
Close
03 Apr 2024
Allotment
04 Apr 2024
Listing
08 Apr 2024
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