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K2 Infragen Limited IPO

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.

 

K2 Infragen Limited Financial Information (Restated Consolidated)

K2 Infragen Limited’s revenue increased by 103.25% and profit after tax (PAT) rose by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,378.795,690.402,591.142,220.52
Revenue5,967.987,490.083,685.203,568.05
Profit After Tax607.451,132.32-311.2622.49
Net Worth2,535.321,392.45133.84115.49
Reserves and Surplus1,611.241,165.10-96.26-46.56
Amount in ₹ Lakhs

Objects of the Issue (K2 Infragen IPO Objectives)

The company intends to utilize the Net Proceeds of the Issue to meet the following objects:

  1. Working capital requirement;
  2. Capital Expenditure; and
  3. General corporate purposes.

K2 Infragen IPO Timeline (Tentative Schedule)

K2 Infragen IPO opens on March 28, 2024, and closes on April 3, 2024.

IPO Open DateThursday, March 28, 2024
IPO Close DateWednesday, April 3, 2024
Basis of AllotmentThursday, April 4, 2024
Initiation of RefundsFriday, April 5, 2024
Credit of Shares to DematFriday, April 5, 2024
Listing DateMonday, April 8, 2024
Cut-off time for UPI mandate confirmation5 PM on April 3, 2024
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SHARIAH SCREENING for - K2 Infragen Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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