THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA

	K2 INFRAGEN LIMITED
	Corporate Identity Number: U74110HR2015PLC076796

Our Company was originally incorporated as 'K2 Powergen Private Limited1 under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated March 5,2015 bearing Registration Number 277561 issued by Registrar of Companies, Delhi. Subsequently the name of our Company was changed from 'K2 Powergen Private Limited' to 'K2 Infragen Private Limited' vide Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on February 13,2017 vide fresh Certificate of Incorporation granted pursuant to change of name to our Company dated March 14,2017 by Registrar of Companies, Delhi. Subsequently our Company was converted into a Public Limited Company vide Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on September 28,2023 and consequently the name of the Company was changed from 'K2 Infragen Private Limited' to 'K2 Infragen Limited' vide fresh Certificate of Incorporation consequent upon conversion into Public Limited Company dated November 06,2023 by Registrar of Companies, Delhi bearing Corporate Identity Number U74110HR2015PLC076796.

Our Company has filed Prospectus dated April 4,2024 with Registrar of Companies, Delhi. The Equity shares are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ("NSE Emerge") and trading will commence on Monday, April 8,2024

INITIAL PUBLIC ISSUE OF 34,06,800 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("THE EQUITY SHARES") OF K2 INFRAGEN LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 119/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM 0 F Rs. 1 09/- PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING TO Rs. 4,054.09 LAKHS ("THE ISSUE"), OF WHICH 2,49,600 EQUITY SHARES OF FACE VALUE OFT 1 0 /-EACH FOR CASH AT A PRICE OF T 119/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF T 109/- PER EQUITY SHARE) AGGREGATING TO Rs. 297.02 LAKHS WAS RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 31,57,200 EQUITY SHARES OF FACE VALUE OF 10/- EACH AT A PRICE OF Rs. 119/- PER EQUITY SHARE AGGREGATING TO T 3,757.07 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.00 % AND 25.02 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF EQUITY SHARES ISRs. 10/- EACH.

• BRLM associated with the issuer has handled 6 Public issues in last 3 Financial years, below are the details;

Average cost of acquisition of Equity Shares held by the Promoters is mentioned below

*The average cost of acquisition of Equity Shares by our Promoter has been calculated by taking into account the amount paid by him to acquire the shares by way of allotment and Transfer as reduced by amount received on sell of shares i.e. net of sale consideration is divided by net quantity of shares acquired.

As certified by our Statutory and Peer review Auditors, by way of their certificate dated March20,2024

Weighted Average Cost of Acquisition for all Equity Shares transacted in one year, eighteen months and three years preceding the date of the Prospectus by all the shareholders:

The weighted average cost of acquisition compared to floor price and cap price.

This Issue is being made through the Book Building Process, in term s of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBI ICDR Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations wherein not more than 50.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the " QIB Portion"), provided that our Company in consultation with the BRLM may allocate up to 60.00% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (" Net QIB Portion"). Further, 5% of the Net QIB Portion shall be available fo r allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available fo r allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Issue shall be available fo r allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks (" SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For Further Details, refer " Issue Procedure" on page 233 of the Prospectus.

The bidding for Anchor investors opened and closed on Wednesday, March 27,2024. The company received 5 Anchor Investors application fo r 11,05,200 Equity Shares. The Anchor Investor Allocation Price was finalized atRs. 119/- per Equity Share. A total of 9,46,800 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs. 11,26,69,200.

The issue (including Anchor Investor Portion) received applications for 11,51,42,400 Equity Shares (before Technical rejections and after invalid bids Multiple/Duplicate) resulting in 33.80782 times subscription (including reserved portion of market maker). The Details of the total valid Applications received in the issue are 41,045 fo r Equity Shares from various categories and are as under:

Detail of the Before rejection Applications Received:

* This excludes 128 applications for 153,600 Equity Shares from Retail Individual which were not in bid book but which were banked.

A summary of the final demand as per NSE as on the Bid/ lssue Closing Date at different Bid Prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on April 4,2024.

1) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, who have bid at cutT off Price or at or above the Issue Price of Rs. 119/- per equity shares, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 40.06 tim es i.e. fo r 4,42,70,400 Equity Shares. Total number of shares allotted in this category is 11,05,200 Equity Shares to 921 successful applicants. The category wise details of the Basis of Allotment as under:

2) Allocation to Non-lnstitutional Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs. 119/- per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 113.57 tim es i.e. for 53,830,800 Equity Shares the total number of shares allotted in this category is 4,74,000 Equity Shares to 298 successful applicants. The category wise details of the Basis of Allotment are as under:

Note: 1 Additional lot of 1200 shares have been allocated to Categories 180000,210000,326400,345600,487200,1579200 in the ratios of 1:2,1:2,1:2,1:2,1:2,1:2

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 119/- per Equity Shares or above, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 23.32 times i.e. for 1,47,16,800 Equity shares the total number of shares allotted in this category is 6,31,200 Equity Shares to 16 successful applicants. The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 9,46,800 Equity Shares to 5 Anchor Investors at Anchor Investor Issue Price of Rs. 119/- per Equity Shares in accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to Market Maker who have bid at Issue Price of T119/- per Equity Shares or above, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 tim es i.e. for 2,49,600 Equity Shares the total number of shares allotted in this category is 2,49,600 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on April 4,2 02 4 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will be forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before April 5,2024. Further, the instructions to Self-Certified Syndicate Banks fo r unblocking the amount will process on or priorto April 4,2024. In case the same is not received within two working days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE EMERGE within three working days from the date of the closure of the issue.

Note: All capitalized term s used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 4,2024 (" Prospectus") filed with Registrar of Companies, Delhi.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Kfin Technologies Limited at www.kfintech.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied fo r and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	KFIN TECHNOLOGIES LIMITED
	Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana
	Telephone: +91 40 6716 2222; Toll Free No: 1800 309 4001;
	Email: k2infragen.ipo@kfintech.com:
	Investor Grievance Email: einward.ris@kfintech.com:
	Contact Person: M Murali Krishna
	Website: www.kfintech.com
	SEBI Registration Number: INR000000221
	CIN:L72400TG2017PLC117649

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF K2 INFRAGEN LIMITED.

K2 Infragen Projects Limited is proposing, subject to market conditions, public Issue of its Equity Shares and had filed the Prospectus with the Registrar of Companies, Delhi. The Prospectus is available on the website of SEBI at www.sebi.oov.in. the website of the Book Running Lead Manager at www.expertolobal.in. website of the NSE at www.nseindia.com and website of Issuer Company at www.k2infra.com; Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall referto and rely on the Prospectus including the section titled "Risk Factors" beginning on page 27 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.