K2 Infragen IPO vs TAC Infosec IPO

Comparision between K2 Infragen IPO and TAC Infosec IPO.

IPO Details

K2 Infragen IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Book Built Issue proposed to list at NSE SME.

	K2 Infragen IPO	TAC Infosec IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Rikhav Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of K2 Infragen IPO is up to ₹40.54 Cr whereas the issue size of the TAC Infosec IPO is up to ₹29.99 Cr. The final issue price of K2 Infragen IPO is ₹119.00 per share and of TAC Infosec IPO is ₹106.00 per share.

	K2 Infragen IPO	TAC Infosec IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹111.00 per share	₹100.00 per share
Issue Price (Upper)	₹119.00 per share	₹106.00 per share
Issue Price (Final)	₹119.00 per share	₹106.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	34,06,800 shares	28,29,600 shares
Fresh Issue Size (Amount)	up to ₹40.54 Cr	up to ₹29.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,06,800 shares	28,29,600 shares
Issue Size Total (Amount)	up to ₹40.54 Cr	up to ₹29.99 Cr

IPO Timetable

K2 Infragen IPO opens on Mar 28, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of K2 Infragen IPO and TAC Infosec IPO is Apr 03, 2024, and Apr 02, 2024, respectively.

	K2 Infragen IPO	TAC Infosec IPO
Anchor Bid Date	Mar 27, 2024	Mar 26, 2024
Issue Open	Mar 28, 2024	Mar 27, 2024
Issue Close	Apr 03, 2024	Apr 02, 2024
Basis Of Allotment (Tentative)	Apr 04, 2024	Apr 03, 2024
Initiation of Refunds (Tentative)	Apr 05, 2024	Apr 04, 2024
Credit of Share (Tentative)	Apr 05, 2024	Apr 04, 2024
Listing date (Tentative)	Apr 08, 2024	Apr 05, 2024
Anchor Lockin End date 1	May 04, 2024	May 03, 2024
Anchor Lockin End date 2	Jul 03, 2024	Jul 02, 2024

Financials

K2 Infragen IPO P/E ratio is 9.68, as compared to TAC Infosec IPO P/E ratio of 15.98.

K2 Infragen IPO

TAC Infosec IPO

Financial

K2 Infragen Limited Financial Information (Restated Consolidated)

K2 Infragen Limited's revenue increased by 103.25% and profit after tax (PAT) rose by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,378.79	5,690.40	2,591.14	2,220.52
Revenue	5,967.98	7,490.08	3,685.20	3,568.05
Profit After Tax	607.45	1,132.32	-311.26	22.49
Net Worth	2,535.32	1,392.45	133.84	115.49
Reserves and Surplus	1,611.24	1,165.10	-96.26	-46.56
Amount in ₹ Lakhs

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,213.02	977.65	496.45	404.00
Revenue	531.10	1,014.28	523.63	516.49
Profit After Tax	194.85	507.29	60.75	61.13
Net Worth	962.90	768.05	260.75	200.00
Reserves and Surplus	917.90	723.05	215.75	155.00
Total Borrowing	27.68	35.93	89.06	22.29
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

55.29%

78.00%

Promoter Shareholding (Post-Issue)

40.36%

56.94%

P/E Ratio

9.68

15.98

Market Cap

₹150.16 Cr.

₹111.08 Cr.

ROE

23.96%%

22.51%%

ROCE

19.91%%

22.75%%

Debt/Equity

0.87

EPS

₹12.29

₹6.63

RoNW

23.9%%

20.24%%

Shares Offered

In the K2 Infragen IPO retail investors (RII) are offered 11,05,200 shares while in TAC Infosec IPO retail investors are offered 11,05,200 shares. Qualified institutional buyers (QIB) are offered 6,31,200 shares in K2 Infragen IPO and 5,37,600 shares in TAC Infosec IPO.

	K2 Infragen IPO	TAC Infosec IPO
Anchor Investor Reserveration	9,46,800 shares	8,06,400 shares
Market Maker Reserveration	2,49,600 shares	1,41,600 shares
QIB	6,31,200 shares	5,37,600 shares
NII	4,74,000 shares	4,03,200 shares
RII	11,05,200 shares	9,40,800 shares
Employee	0 shares	0 shares
Others
Total	22,10,400 shares	18,81,600 shares

Bids Received (Subscription)

K2 Infragen IPO subscribed 51.47x in total, whereas TAC Infosec IPO subscribed 422.03x.

	K2 Infragen IPO	TAC Infosec IPO
QIB (times)	23.37x	141.29x
NII (times)	113.98x	768.89x
Big NII (times)
Small NII (times)
RII (times)	40.70x	433.80x
Employee (times)
Other (times)
Total (times)	51.47x	422.03x

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Creative Graphics Solutions India IPO	GConnect Logitech IPO
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Jay Kailash Namkeen IPO	Aspire & Innovative IPO
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GConnect Logitech IPO	Vruddhi Engineering Works IPO
TAC Infosec IPO	Naman In-Store (India) IPO

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