K2 Infragen Ltd IPO

K2 Infragen Limited was originally incorporated as `K2 Powergen Private Limited' 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 the 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 the Company dated March 14, 2017 by Registrar of Companies, Delhi. Subsequently the 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.

The India Infrastructure Sector Market size is expected to grow from USD 186.24 billion in 2023 to USD 294.12 billion by 2028, at a CAGR of 9.57% during the forecast period (2023-2028). The backbone of the Indian economy, the infrastructure sector, is essential to improving the nation's overall development. Other industry sub-segments include telephony, power, roads, ports, etc. India has to enhance its infrastructure to reach its 2025 economic growth target of USD 5 trillion. The National Infrastructure Pipeline (NIP), along with other initiatives like Make in India and the production- linked incentives (PLI) program, was launched by the government to promote the expansion of the infrastructure industry. Historically, more than 80% of the money spent on infrastructure in the country has gone into expenditures related to transportation, electricity, water, and irrigation. Significant infrastructure development requires a substantial inflow of investor funds.

K2 Infragen Ltd is an integrated engineering, procurement and construction (EPC) with a focus on Power Engineering and Project Engineering having experience in design and construction of various projects across 8 States in India viz. Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Haryana, Gujarat, Punjab & Delhi. The Company provides its services across the value chain, ranging from design, procurement, construction supervision, subcontract management and work order management to post-construction activities to its clients. The company is certified for ISO 14001:2015 (Environment Management System), 45001:2018 (Occupational Health & Safety Management System), and 9001:2015 (Quality Management System) by Globus Certifications Private Limited. The Company has been accredited with various registrations as a contractor with various departments and agencies viz. Public Works Department, Rajasthan (Class AA), Public Works Department, Madhya Pradesh, Bhopal (Class AA), pursuant to which it is also eligible to participate and undertake projects awarded by various other departments and agencies.