The K2 Infragen company opened its IPO for application on 28 March 2024. With the IPO in process, many investors wonder about the allotment and the details of the K2 Infragen IPO. The article covers everything you wish to know about the K2 Infragen ongoing IPO.
K2 Infragen IPO Allotment Status
The EPC (Engineering, procurement, and Construction) Company, K2 Infragen, has gone public with its initial public offering. The application process for K2 Infragen IPO has already begun on 28 March 2024. The K2 Infragen IPO will close on 3 April 2024.
The IPO allotments of shares will commence on 4 April 2024. The investors can check the allotment status of K2 Infragen after the allotment of shares finalization on the official website of the registrar of the issue.
Investors who have applied or will apply for the K2 Infragen IPO can check the allotment status online on the official website of Kfin Technologies.
You can also check your K2 Infragen IPO allotment status on your bank website or via SMS.
Steps to Check the K2 Infragen IPO Allotment Status
Investors who have subscribed for the K2 Infragen IPO can check the IPO allotments status in the following steps:
- Go to the registrar’s IPO allotment link at https://kosmic.kfintech.com/ipostatus/
- Next, select your IPO issuer company (K2 Infragen) in the “Select IPO” section. You will find K2 Infragen after the registrar will declare the allotment of the K2 Infragen.
- Next, choose the option between IPO Application number, Demat account number, or PAN Card number to provide your details to the portal.
- Now, enter the details as per your selection on the portal to check the K2 Infragen IPO allotment Status.
- Next, enter the captcha in the box and submit your request for the K2 Infragen IPO allotment.
- The IPO allotment status of K2 Infragen will appear on your screen, you can check the shares you have applied for and the shares allotted to you in the status.
K2 Infragen IPO Refund and Listing Dates
We have already mentioned the allotment dates for the K2 Infragen IPO, the refund initiation date for the shares you subscribed to but did not get allotted will commence on 5 April 2024.
The company plans to list the shares on NSE SME on 8 April 2024.
Investors must mark these dates of K2 Infragen IPO events to stay up-to-date with IPO:
| Date | K2 Infragen IPO Dates |
| 3 April | IPO Closes date |
| 5 April 2024 | Refund Initiation |
| 8 April 2024 | IPO Listing Date |
K2 Infragen IPO Details
K2 Infragen aims to utilize the funds from the IPO to meet the needs of working capital, capital expenditure, and the other general purposes of the company.
The book-built issue of the K2 Infragen IPO contains 34.06 lakh shares and the company expects to raise around ₹40.54 crore.
The price band of the issue is fixed at ₹111 to ₹119 per equity share with a face3 value of ₹10 per equity share. The minimum market lot size of the K2 Infragen is 1200 shares.
The book-running lead manager of the K2 Infragen IPO decided after the IPO pitch is Expert Global Consultants Private Limited and the market maker, Rikhav Securities, holds 249,600 shares.
| Company | K2 Infragen |
| Issue Type | Book-Built Issue |
| Total Issue Size | 34,06,800 shares matches up to ₹40.54 crore |
| Face Value | ₹10 per equity share |
| Fresh issue size | 34,06,800 shares matches up to ₹40.54 crore |
| Price band | ₹111 to ₹119 per equity share |
| Listing at | NSE SME |
K2 Infragen IPO Reservation and Lot Size
The Company has distributed the offer issue shares to the investor category in the following manner:
| Investor Category | Shares Offered |
| Anchor Investor | 27.79% |
| QIB (Qualified Institutional Buyers) | 18.53% |
| Retail | 32.44% |
| Non-Institutional Investors (HNI) | 13.91% |
| Market Maker | 7.33% |
The minimum lot size of the K2 Infragen IPO is 1200 shares with a minimum investment of ₹142,800. The lot size distribution of K2 Infragen is as follows:
| Investor category | Lots | Shares | Amount |
| Retail (min.) | 1 | 1200 | ₹142,800 |
| Retail (max.) | 1 | 1200 | ₹142,800 |
| HNI (mini.) | 2 | 2400 | ₹285,600 |
According to the bidding details of the K2 Infragen IPO, the QIB investors have subscribed 0.86 times, retail investors have applied 0.90 times, and the NII investors have subscribed 0,74 times till now.
Investors who wish to invest in this EPC company still have time to invest and subscribe for the IPO till 3 April 2024.
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