K2 Infragen IPO: SME issue subscribed 1.44 times on day 2, check GMP and other key details

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Key Points

Engineering, procurement and construction company K2 Infragen initial public offerings (IPO) opened for subscription on March 28..

Established in 2015, K2 Infragen Limited specializes in engineering, procurement, and construction (EPC) services..

Of these, 631,200 shares (18.53%) are allocated to Qualified Institutional Buyers (QIB), 474,000 shares (13.91%) to Non-Institutional Investors (NII), 1,105,200 shares (32.44%) to Retail Individual Investors (RII), and 946,800 shares (27.79%) are designated for Anchor investors...

The K2 Infragen IPO is a book built issue of 40.54 crores and is entirely a fresh issue of 34.07 lakh shares..

Expert Global Consultants Private Limited is the book running lead manager of the K2 Infragen IPO, while Kfin Technologies Limited is the registrar for the issue..

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