K2 Infragen IPO: Check issue size, price band, GMP and other details

economictimes.indiatimes.com:

K2 Infragen opened for subscription earlier today and will close on April 3. The company aims to raise about Rs 40 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) About K2 Infragen

K2 Infragen's business is broadly divided into two categories — engineering, procurement and construction (EPC) under which the company undertakes contracts and the other is trading business.

2) Industry overview

The Indian infrastructure sector market size is expected to grow from $186.24 billion in 2023 to $294.12 billion by 2028, at a CAGR of 9.57% during the forecast period (2023-2028).

3) K2 Infragen IPO size

The IPO is entirely a fresh equity issue of 34.06 lakh shares and through the issue, the company aims to raise Rs 40 crore.

4) K2 Infragen IPO price band

The company is offering shares at Rs 111-119 apiece, and investors can bid for 1,200 shares in 1 lot.

5) K2 Infragen IPO financial performance

For the period ended September 2023, the company clocked revenues of Rs 59.4 crore and net profit of Rs 6.11 crore.

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6) Objects of the offer

The net proceeds from the public offer will be used for meeting working capital requirements, acquisition of plant and machinery, and other general corporate purposes.

7) Lead managers and Registrar

Expert Global Consultants is acting as the lead manager to the issue and