K2 Infragen IPO: Subscription for the initial public offering (IPO) of K2 Infragen Limited opened in the last trading session of the financial year 2023-24 ie on Thursday last week. Bidding for the SME IPO will remain open in the next financial year until 3 April 2024. This means that the K2 Infragen IPO opened in FY24 on Thursday last week and will end in FY25 on Wednesday next week. According to the subscription status of K2 Infragen IPO, the public issue has been reserved 55 percent. The company has set the price of K2 Infragen IPO at ₹111 to ₹119 per equity share and the book building issue is proposed for listing on the NSE SME Emerge platform. Meanwhile, the gray market rose sharply in the SME IPO. According to stock market watchers, shares of the company are available at a premium of ₹31 in the gray market today.
K2 Infragen IPO review
Here we list important details about the SME IPO:
1) K2 Infragen IPO GMP: Shares of the company are available at a premium of ₹31 in the gray market today, market watchers say.
2) K2 Infragen IPO price: The company has a fixed price group of the public issue at ₹111 to ₹119 per equity share.
3) K2 Infragen IPO subscription: The book building issue opened on March 28, 2024 and will remain open until April 3, 2024.
4) K2 Infragen IPO subscription status: After the first day of offering, the SME IPO was booked 0.55 times while its retail portion was subscribed 0.91 times. the NII portion of the SME IPO was booked 0.74 times while the QIB segment of the book building issue was filled 0.85 times.
5) K2 Infragen IPO size: The company aims to raise Rs 40.54 crore through the issue of fresh shares.
6) K2 Infragen IPO lot size: Bidder will be able to apply in lots and one lot of the SME IPO consists of 1200 company shares.
7) K2 Infragen IPO allotment date: Sharing can be expected on 4th April 2024 ie Thursday next week.
8) K2 Infragen IPO registrar: KFin Technologies Limited has been appointed as the official registrar of this SME IPO.
9) List of K2 Infragen IPO: The book building issue is proposed for listing on the NSE SME Emerge platform.
10) Date of listing of K2 Infragen IPO: The SME IPO can be listed on 8 April 2024 ie the second Monday of April 2024.
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Published: 30 Mar 2024, 13:41 IST