K2 Infragen IPO Subscribed 421.89 times

K2 Infragen IPO Subscribed 421.89 times
K2 Infragen IPO Subscribed 421.89 times

by Tanushree Jaiswal Last Updated: Apr 04, 2024 - 03:34 pm 283 Views
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About K2 Infragen IPO

K2 Infragen IPO, amounting to Rs 40.54 crores, comprises solely a fresh issue of 34.07 lakh shares. K2 Infragen IPO commenced subscription on March 28, 2024, and concludes today, April 3, 2024. The allotment for the K2 Infragen IPO is anticipated to be finalized on Thursday, April 4, 2024. Following this, K2 Infragen IPO is slated to list on NSE SME with a tentative listing date set for Monday, April 8, 2024.

K2 Infragen IPO price band for ranges from ₹111 to ₹119 per share. Retail investors are required to apply for a minimum lot size of 1200 shares, equating to an investment of ₹142,800. For HNI investors, the minimum lot size is 2 lots (2,400 shares), amounting to ₹285,600.

K2 Infragen IPO has expert Global Consultants Private Limited as their book running lead manager of, while Kfin Technologies Limited is the registrar for the issue. The market maker for K2 Infragen IPO is Rikhav Securities.

Read more about K2 Infragen IPO

K2 Infragen IPO Subscription Status

K2 Infragen IPO got subscribed 50.52x. Public issue subscribed 38.91x in the retail category, 23.37x in QIB, & 113.74x in the NII category by 3rd April, 2024 5:45:00 PM.

Investor Category

Subscription (times)

Shares Offered

Shares bid for

Total Amount (Rs Cr.)

Anchor Investors

1

9,46,800

9,46,800

11.27

Market Maker

1

2,49,600

2,49,600

2.97

Qualified Institutions

23.37

6,31,200

1,47,52,800

175.56

Non-Institutional Buyers

113.74

4,74,000

5,39,11,200

641.54

Retail Investors

38.91

11,05,200

4,30,06,800

511.78

Total

50.52

22,10,400

11,16,70,800

1,328.88

Total Application : 35,839

 

The subscription status of the K2 Infragen IPO reflects overwhelming investor interest and robust demand across all investor categories.

- The IPO was oversubscribed by a remarkable 50.52 times, indicating strong investor confidence and anticipation for the company's offerings.

- Retail investors showed significant interest, subscribing 38.91 times their allocated shares, demonstrating retail investors' trust and enthusiasm in the IPO.

- Qualified Institutional Buyers (QIBs) also displayed substantial participation, with the segment being oversubscribed by 23.37 times, indicating institutional investors' confidence in the company's prospects.

- The Non-Institutional Buyers (NII) category witnessed exceptional oversubscription, with a subscription rate of 113.74 times, reflecting high demand from high net-worth individuals and other non-institutional investors.

Overall, the K2 Infragen IPO garnered immense investor interest and strong demand, with oversubscription across all investor categories, signaling a successful and well-received public offering.

K2 Infragen IPO Allocation Quota for Various Categories

Investor Category

Shares Allocated in IPO

Market Maker 

249,600 (7.33%)

Anchor Allocation 

946,800 (27.79%)

QIB 

631,200 (18.53%)

NII (HNI) 

474,000 (13.91%)

Retail 

1,105,200 (32.44%)

Total 

3,406,800 (100.00%)

Data Source: NSE

  1. The anchor investor allocation for the K2 Infragen IPO reflects significant interest, with 27.79% of the shares offered allocated to anchor investors.
  2. Nav Capital Vcc's Emerging Star Fund secured the largest portion, with 44.49% of the anchor investor allocation.
  3. This strong participation from reputable investors indicates confidence in K2 Infragen's prospects, potentially boosting investor sentiment.
  4. The allocation of shares to anchor investors at ₹119 per share amounts to a total of Rs 112,669,200, underscoring the substantial investment commitment towards the IPO.

 

Overall, the anchor investor allocation highlights the perceived value and attractiveness of K2 Infragen's offering in the market.

K2 Infragen IPO Subscription Details (times)

Date

QIB

NII

Retail

Total

Day 1
Mar 28, 2024

0.86

0.74

0.90

0.85

Day 2
Apr 1, 2024

0.86

0.65

2.25

1.51

Day 3
Apr 2, 2024

0.86

3.77

6.97

4.54

Day 4
Apr 3, 2024

23.37

113.74

38.91

50.52

As of 3rd April, 2024 5:45:00 PM

Subscription journey of the K2 Infragen IPO witnessed a gradual escalation in investor interest over the four-day bidding period:

- Day 1: Initial response was moderate, with subscriptions ranging from 0.74 to 0.90 times across categories.

- Day 2: Retail interest surged notably to 2.25 times, while other categories also saw increased participation.

- Day 3: Subscriptions spiked significantly across all segments, with notable jumps in QIB and NII categories.

- Day 4: The final day saw a remarkable surge in subscriptions, particularly in QIB and NII segments, leading to an oversubscription of 50.52 times.

 

Overall, the IPO witnessed growing demand and investor confidence, culminating in robust oversubscription by the end of the offering period.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

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