K2 Infragen IPO: Check Subscription Status, GMP Today.
Unlisted shares of K2 Infragen Ltd are buying and selling Rs 32 greater within the gray market, anticipating a 26.89 per cent itemizing achieve from the general public subject
K2 Infragen IPO: The preliminary public providing of K2 Infragen Ltd, which was opened for public subscription on March 28, has obtained an honest response from buyers. Till 11:45 am on the fourth day of bidding on Wednesday, the Rs 40.54-crore SME IPO obtained 7.41 instances subscription, garnering bids for 1,63,70,400 shares in opposition to 22,10,400 shares on provide.
The class for non-institutional buyers bought subscribed 6.62 instances whereas the portion for Retail Individual Investors (RIIs) attracted 11.25 instances subscriptions. The quota for Qualified Institutional Buyers (QIBs) bought subscribed 1.28 instances.
K2 Infragen IPO GMP Today
According to market observers, unlisted shares of K2 Infragen Ltd are buying and selling Rs 32 greater within the gray market as in contrast with its subject value of Rs 119. The Rs 32 gray market premium or GMP means the gray market is anticipating a 26.89 per cent itemizing achieve from the general public subject. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
K2 Infragen IPO Details
K2 Infragen IPO is solely a recent subject of 34.07 lakh shares. The IPO will shut in the present day, April 3, and the share allotment is anticipated to be finalised on Thursday, April 4. K2 Infragen IPO will record on NSE SME with tentative itemizing date fastened as Monday, April 8, 2024.
The value band has been fastened at Rs 111 to Rs 119 per share. The minimal lot dimension for an software is 1,200 shares. The minimal quantity of funding required by retail buyers is Rs 1,42,800. The minimal lot dimension funding for HNI is 2 heaps (2,400 shares) amounting to Rs 2,85,600.
Expert Global Consultants Private Limited is the e book operating lead supervisor of the K2 Infragen IPO, whereas Kfin Technologies Limited is the registrar for the problem. The market maker for K2 Infragen IPO is Rikhav Securities.
K2 Infragen Limited was established in 2015 and is an engineering, procurement and development (EPC) firm. The firm was beforehand generally known as K2 Powergen Private Limited.
Its income rose 103.25 per cent and revenue after tax (PAT) jumped 463.79 per cent through the monetary 12 months 2022-23.
