K2 Infragen IPO: SME issue subscribed 1.44 times on day 2, check GMP and other key details
₹111 to ₹119 per share. Investors can bid for a minimum of 1200 shares and in multiples thereof. The minimum amount of investment required by retail investors is ₹142,800.
The K2 Infragen IPO is a book built issue of ₹40.54 crores and is entirely a fresh issue of 34.07 lakh shares. The allotment for the K2 Infragen IPO is anticipated to be on Thursday, April 4, 2024. The IPO is scheduled to be listed on NSE SME, with a tentative listing date set for Monday, April 8, 2024.
Expert Global Consultants Private Limited is the book running lead manager of the K2 Infragen IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for K2 Infragen IPO is Rikhav Securities. The shares of K2 Infragen are currently trading at a premium of ₹32 in the grey market premium (GMP), according to investorgain.
As per the analyst at investogain, the lowest GMP of K2 Infragen is ₹5, while the highest GMP is ₹32. The estimated listing price of the K2 Infragen is likely to be ₹151, which is 26.89%. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
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