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