K2 Infragen IPO allotment expected on April 4: Here's how to check status

K2 Infragen Ltd IPO share allotment status is expected to be finalised on Thursday, April 4.

The initial public offer received an enthusiastic response from investors during the bidding process between March 28 and April 3. K2 Infragen IPO was subscribed over 51 times at the end of the bidding process on Wednesday.

Investors placed bids for 11.37 crore shares compared to 22.1 lakh shares on offer, as per the NSE data.

The retail portion was subscribed over 40 times while the qualified institutional buyers’ (QIBs) portion witnessed 23.37 times booking. The non-institutional investors’ (NIIs) category was booked nearly 114 times.

The company raised ₹11.27 crore from anchor investors ahead of the launch of the IPO.

Investors who participated in the K2 Infragen IPO subscription can check the allotment status online via the official websites of the IPO registrar Kfin Technologies and the NSE.

How to check K2 Infragen IPO subscription online?

• Visit Kfin Technologies' official website at https://ris.kfintech.com/ipostatus/
• Click any one of the links displayed on the screen to proceed with your request.
• Select K2 Infragen Limited from the drop-down menu. The company's name will appear only after the finalisation of the allotment.
• Select any of the three options – Application number, demat account number or PAN ID.
• Enter the required details and confirm the captcha code.
• Click on submit.

Steps to check K2 Infragen IPO share allotment status on the NSE:

• Visit the official NSE website at https://www.nseindia.com/.
• Login to the NSE website with your user ID and password.
• Select the company name 'Yash Optics and Lens' from the dropdown list.
• Enter PAN and application number.
• Click on the 'Submit' button.

Your K2 Infragen IPO share allotment status will be displayed on the screen. The number of allotted shares will also be displayed on the screen in the case of final allotment.

K2 Infragen will start the credit of shares into the Demat account of successful bidders along with refunds for non-allottees on Friday, April 5.

Shares of K2 Infragen Ltd are tentatively scheduled to be listed on the NSE SME platform— NSE Emerge— on Monday, April 8.

K2 Infragen IPO Details

K2 Infragen Ltd IPO is a fresh issue of 34 lakh equity shares including a market maker portion of 2,49,600 shares and anchor investor allocation of 9,46,800 shares. Rikhav Securities is the market maker for the IPO.

The company has reserved 50% of the net issue for qualified institutional buyers including anchor investors. Around 15% of the net issue is reserved for non-institutional investors, and 35% of fresh shares have been set aside for retail investors.

K2 Infragen IPO price band was fixed in the range of ₹111-119 per share. Retail investors could have submitted their bids with a minimum lot size of 1200 shares aggregating to an investment of ₹1,42,800 and in multiples thereof.

For high-net-worth individuals or NIIs, the minimum lot size was 2 lots (2,400 shares) aggregating to an investment of ₹2,85,600.

K2 Infragen intends to raise ₹40.54 crore from the market through fresh issue of shares at the upper price band.

Proceeds from the K2 Infragen IPO will be used for financing the working capital requirements and capital expenditures. The company plans to make capital expenditure towards the installation of additional machinery.

About the company

An integrated engineering, procurement and construction firm, K2 Infragen is focused on power engineering and project engineering. The company has ongoing design and construction projects across multiple states including Uttar Pradesh, Rajasthan, Haryana, Gujarat, Madhya Pradesh, Karnataka, Punjab and Delhi.