KP Green Engineering Limited IPO of Rs 189.50 crores(KP Green Engineering IPO) Detail

KP Green Engineering

KP Green Engineering IPO opens for subscription on March 15, 2024 and closes on March 19, 2024.

IPO is a book built issue of Rs 189.50 crores. The issue is entirely a fresh issue of 131.6 lakh shares. The allotment for the IPO is expected to be finalized on Wednesday, March 20, 2024. KP Green Engineering IPO will list on BSE SME with tentative listing date fixed as Friday, March 22, 2024.

IPO price band is set at ₹137 to ₹144 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹288,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the KP Green Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for IPO is Spread X Securities.

About KP Green Engineering Limited

Incorporated in July 2001, KP Green Engineering Limited is engaged in the manufacturing of fabricated and hot-dip galvanized steel products. The company’s product portfolio includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers.

The company offers end-to-end solutions by providing in-house fabrication and Hot Dip Galvanizing facilities for custom-made solutions.

The company’s manufacturing facility, located in Dabhasa, Vadodara, Gujarat, spans 200,000 sq. ft. and is fully equipped with CNC machinery and equipment.

The company is ISO 9001:2015 certified, indicating its ability to provide high-quality products and services, which directly affects its reputation, customer satisfaction, and long-term success.

As of September 30, 2023, the company has a total of 81 employees at its manufacturing facility and head office.

KPI Green Energy

KP Green Engineering IPO Details

IPO Date March 15, 2024 to March 19, 2024
Listing Date [.]
Face Value ₹5 per share
Price Band ₹137 to ₹144 per share
Lot Size 1000 Shares
Total Issue Size 13,160,000 shares
(aggregating up to ₹189.50 Cr)
Fresh Issue 13,160,000 shares
(aggregating up to ₹189.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 36,840,000
Share holding post issue 50,000,000
Market Maker portion 658,000 shares

KP Green Engineering IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

KP Green Engineering IPO Timeline (Tentative Schedule)

KP Green Engineering IPO opens on March 15, 2024, and closes on March 19, 2024.

IPO Open Date Friday, March 15, 2024
IPO Close Date Tuesday, March 19, 2024
Basis of Allotment Wednesday, March 20, 2024
Initiation of Refunds Thursday, March 21, 2024
Credit of Shares to Demat Thursday, March 21, 2024
Listing Date Friday, March 22, 2024
Cut-off time for UPI mandate confirmation 5 PM on March 19, 2024

KP Green Engineering IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹144,000
Retail (Max) 1 1000 ₹144,000
HNI (Min) 2 2,000 ₹288,000

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended 30 Sep 2023 31 Mar 2023
Assets 13,635.62 9,506.65
Revenue 10,413.64 11,478.50
Profit After Tax 1,126.64 1,239.45
Reserves and Surplus 2,624.03 3,177.38
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of KP Green Engineering IPO is Rs 720 Cr.

KPI Values
ROE 29.24%
ROCE 23.05%
Debt/Equity 1.11
RoNW 25.51%
P/BV 11.69
PAT Margin (%) 10.84

KP Green Engineering Limited Contact Details

KP Green Engineering Limited
KP House’, Near KP Circle,
Opp. Ishwar Farm Junction BRTS
Canal Road, Bhatar, Surat-395017
Phone: 0261 2244 757
Email: compliance@kpgroup.co
Websitehttps://www.kpgreenengineering.com/

Read Also : AVP Infracon Limited IPO of Rs 52.34 crores(AVP Infracon IPO) Detail

Leave a Reply

Your email address will not be published. Required fields are marked *

5 Good Stocks to invest in 2024 5 tips and tricks to fix the most annoying things about your wireless earbuds Bharat Serums Advent Gear up Energy prices require to remain stable and predictable: Oil Minister Puri LIC amends norms for inclusion of shareholders’ directors on its board , The government raised Rs 20,557 crore The ‘Melodi’ Moment: