K2 Infragen IPO

K2 Infragen Limited

₹1,33,200 /1200 sharesMinimum Investment

K2 Infragen IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹119.00₹167.00₹48.00 (40.34%)

K2 Infragen IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 Mar ‘24 - 3 Apr ‘24₹1,33,2001,200₹111 - ₹119
Issue SizeIPO Doc
40.54Cr
RHP PDF

About K2 Infragen

K2 Infragen Limited is an integrated engineering, procurement, and construction ("EPC") firm with focus on Power Engineering and Project Engineering. The company's business operations are broadly categorized as a) Engineering, Procurement, and Construction (EPC) & b. Trading Business. EPC is further divided into contract business & service business, The contract business involves planning, construction, procurement, and overall project management for water supply, railroad, road construction, and civil construction projects. The services business focuses on project structuring, scheduling, personnel planning, and logistics for timely project execution, including engineering, procurement, and construction of various projects such as buildings, boundary walls, transmission lines, and water projects, with services ranging from planning and surveying to project management and quality supervision. Under the trading business, the company procures and trades materials like non-ferrous metals via open market auctions.;
Parent Organisation
K2 Infragen Limited
Founded
2015
Managing Director
Mr. Pankaj Sharma

Strengths & Risks

  • The company has experience of designing and constructing various projects across 8 States in India, including Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab & Delhi.
  • The company holds certifications for ISO 14001:2015 (Environment Management System), 45001:2018 (Occupational Health & Safety Management System), and 9001:2015 (Quality Management System) accredited by Globus Certifications Private Limited.
  • As per the company, it has executed 38 projects since 2015.
  • As of February 29, 2024, the company’s order book consisted of projects across Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, and Gujarat, totalling approximately Rs. 395.60 cr.
  • The company's equipment base consists of over 13 construction & mining machinery and 25 vehicles. As of September 30, 2023, the aggregate gross block value of the company’s property, plant, and equipment was Rs. 13.46 cr.
  • The company's business is primarily focused in the state of Uttar Pradesh. As of September 30, 2023, revenue from Uttar Pradesh accounted for Rs. 58.09 cr, representing 97.81% of the total revenue for the period.
  • The company's top ten customers contributed 99.94%, 99.92%, 59.24%, and 90.33% of its total sales, for the periods ending September 30, 2023, Fiscal years 2023, 2022, and 2021, respectively.
  • The company's top ten suppliers contributed 63.67% of its total purchases for the period ended September 30, 2023, and 100% of its total purchases for Fiscal 2023, Fiscal 2022, and Fiscal 2021.
  • As of September 30, 2023, the company had total borrowings amounting to Rs. 22.17 cr.
  • The company faces potential risk from ongoing litigation with the Public Works Department, Rajasthan regarding rehabilitation work, awaiting decision by the Hon'ble High Court. As of September 30, 2023, and March 31, 2023, the litigation involves Rs. 0.83 cr.
  • The company's financial performance relies on successful bidding for new projects and the non-cancellation of awarded projects. Failure to secure new projects could negatively impact business operations and financial stability.
  • There are certain outstanding legal proceedings pending against the company and its directors. Adverse outcomes in any of these proceedings may adversely affect the company's profitability and reputation and could have a negative impact on its results of operations and financial condition.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular111 - 119₹2 Lakh
High Networth Individual111 - 119₹2 - 5 Lakh
For K2 Infragen IPO, eligible investors can apply as Regular.
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