K2 Infragen IPO vs Teerth Gopicon IPO

Comparision between K2 Infragen IPO and Teerth Gopicon IPO.

IPO Details

K2 Infragen IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	K2 Infragen IPO	Teerth Gopicon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of K2 Infragen IPO is ₹119.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

	K2 Infragen IPO	Teerth Gopicon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹111.00 per share
Issue Price (Upper)	₹119.00 per share
Issue Price (Final)	₹119.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	34,06,800 shares	39,99,600 shares
Fresh Issue Size (Amount)	up to ₹40.54 Cr	up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,06,800 shares	39,99,600 shares
Issue Size Total (Amount)	up to ₹40.54 Cr	up to ₹44.40 Cr

IPO Timetable

K2 Infragen IPO opens on Mar 28, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of K2 Infragen IPO and Teerth Gopicon IPO is Apr 03, 2024, and Apr 10, 2024, respectively.

	K2 Infragen IPO	Teerth Gopicon IPO
Anchor Bid Date	Mar 27, 2024
Issue Open	Mar 28, 2024	Apr 08, 2024
Issue Close	Apr 03, 2024	Apr 10, 2024
Basis Of Allotment (Tentative)	Apr 04, 2024	Apr 12, 2024
Initiation of Refunds (Tentative)	Apr 05, 2024	Apr 15, 2024
Credit of Share (Tentative)	Apr 05, 2024	Apr 15, 2024
Listing date (Tentative)	Apr 08, 2024	Apr 16, 2024
Anchor Lockin End date 1	May 04, 2024
Anchor Lockin End date 2	Jul 03, 2024

Financials

K2 Infragen IPO P/E ratio is 9.68, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

K2 Infragen IPO

Teerth Gopicon 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

Teerth Gopicon Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,719.79	4,743.30	4,277.16	3,115.47
Revenue	6,970.02	3,914.87	3,120.77	4,620.74
Profit After Tax	784.04	179.22	15.27	46.45
Net Worth	1,572.74	788.70	609.49	594.22
Reserves and Surplus	772.74	288.70	109.49	94.22
Total Borrowing	937.18	337.98	1,365.50	933.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

55.29%

96.5%

Promoter Shareholding (Post-Issue)

40.36%

64.33%

P/E Ratio

9.68

49.55

Market Cap

₹150.16 Cr.

₹133.20 Cr.

ROE

23.96%%

66.40%%

ROCE

19.91%%

48.40%%

Debt/Equity

0.87

0.6

EPS

₹12.29

₹2.24

RoNW

23.9%%

22.72%%

Shares Offered

In the K2 Infragen IPO retail investors (RII) are offered 11,05,200 shares while in Teerth Gopicon IPO retail investors are offered 11,05,200 shares. Qualified institutional buyers (QIB) are offered 6,31,200 shares in K2 Infragen IPO and 0 shares in Teerth Gopicon IPO.

	K2 Infragen IPO	Teerth Gopicon IPO
Anchor Investor Reserveration	9,46,800 shares
Market Maker Reserveration	2,49,600 shares	2,00,400 shares
QIB	6,31,200 shares	0 shares
NII	4,74,000 shares	18,99,600 shares
RII	11,05,200 shares	18,99,600 shares
Employee	0 shares	0 shares
Others
Total	22,10,400 shares	37,99,200 shares

Bids Received (Subscription)

K2 Infragen IPO subscribed 51.47x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

	K2 Infragen IPO	Teerth Gopicon IPO
QIB (times)	23.37x
NII (times)	113.98x	97.12x
Big NII (times)
Small NII (times)
RII (times)	40.70x	44.33x
Employee (times)
Other (times)
Total (times)	51.47x	75.54x

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TAC Infosec IPO	Jay Kailash Namkeen IPO

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