{"id":25223,"date":"2024-03-27T13:35:47","date_gmt":"2024-03-27T08:05:47","guid":{"rendered":"https:\/\/thedeccanmessenger.com\/index.php\/2024\/03\/27\/k2-infragen-limited-ipo-opens-on-thursday-march-28-2024\/"},"modified":"2024-03-27T13:35:47","modified_gmt":"2024-03-27T08:05:47","slug":"k2-infragen-limited-ipo-opens-on-thursday-march-28-2024","status":"publish","type":"post","link":"https:\/\/thedeccanmessenger.com\/index.php\/2024\/03\/27\/k2-infragen-limited-ipo-opens-on-thursday-march-28-2024\/","title":{"rendered":"K2 Infragen Limited IPO Opens on Thursday, March 28, 2024"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], March 27: <\/strong>K2 Infragen Limited, a Project Engineering, Power Engineering & EPC company of India, has announced its plan to go public with an Initial Public Offering on Thursday, March 28, 2024. The company is aiming to raise\u00a0\u20b9\u00a040.54 Crore\u00a0on upper price band\u00a0through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n

The issue size is Up to\u00a034,06,800\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

\u2013 QIB Anchor Portion \u2013 Up To 9,46,800 Equity Shares<\/p>\n

\u2013 Qualified Institutional Buyers (QIB) other than Anchor Portion \u2013 Up To 6,31,200 Equity \u00a0\u00a0\u00a0Shares<\/p>\n

\u2013 Non-Institutional Investors (NII) \u2013\u00a0Up To 4,74,000 Equity Shares<\/p>\n

\u2013 Retail Individual Investors (RII) \u2013\u00a0Up To 11,05,200 Equity Shares<\/p>\n

\u2013 Market Maker \u2013\u00a0Up To 2,49,600 Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for Working Capital Requirements, Capital Expenditure, and General Corporate Purposes. The bidding for the Anchor portion will open on Wednesday, March 27, 2024, and the issue will close on Wednesday, April 03, 2024.<\/p>\n

The Sole Book Running Lead Manager to the Issue\u00a0is\u00a0Expert Global Consultants Private Limited. The Registrar to the Issue is\u00a0Kfin Technologies Limited.<\/p>\n

Mr. Pankaj Sharma, Managing Director of K2 Infragen Limited\u00a0expressed, \u201cI am glad to announce that K2 Infragen Limited is embarking on an exciting journey by entering the capital market with our SME IPO. K2 Infragen Limited\u2019s reputation for excellence and commitment to delivering high-quality projects sets us apart in the industry. With a focus on raising substantial capital, we aim to accelerate our expansion plans and solidify our position in the Project Engineering, Power Engineering, and EPC sectors across India.<\/p>\n

The allocation of funds towards Working Capital Requirements, Capital Expenditure, and General Corporate Purposes reflects our strategic vision to optimize resources and drive sustainable growth. Our dedicated team remains steadfast in our mission to uphold the highest standards of integrity, sustainability, and performance, ensuring that we continue to create long-term value for our clients and partners.\u201d<\/p>\n

Mr. Gaurav Jain, Director of\u00a0Expert Global Consultants Private Limited\u00a0said, \u201cWe are honoured to be a part of this monumental journey as K2 Infragen Limited prepares to go public. With a stellar track record and an unwavering commitment to excellence, quality, and innovation, K2 Infragen Limited stands as a beacon of success in the Project Engineering, Power Engineering, and EPC sectors. Their proven ability to deliver outstanding results and drive industry standards forward makes them a compelling force in the market. Together, we eagerly anticipate the opportunities that lie ahead as we unlock new avenues for growth and prosperity, wishing K2 Infragen Limited continued success on their journey.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], March 27: K2 Infragen Limited, a Project Engineering, Power Engineering & EPC company of India, has announced its plan to go public with an Initial Public Offering […]<\/p>\n","protected":false},"author":1,"featured_media":25224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[652,658],"class_list":["post-25223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/25223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/comments?post=25223"}],"version-history":[{"count":0,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/25223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media\/25224"}],"wp:attachment":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media?parent=25223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/categories?post=25223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/tags?post=25223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}