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KP Green Engineering IPO vs Omfurn India FPO

Comparison between KP Green Engineering IPO and Omfurn India FPO.

IPO Details

KP Green Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Omfurn India FPO is a SME Bookbuilding proposed to list at NSE SME.

 KP Green Engineering IPOOmfurn India FPO
LogoKP Green Engineering IPO LogoOmfurn India FPO Logo
Issue CategorySMESME
Issue TypeIPOFPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of KP Green Engineering IPO is up to ₹180.03 Cr whereas the issue size of the Omfurn India FPO is up to ₹25.65 Cr. The final issue price of KP Green Engineering IPO is ₹144.00 per share and of Omfurn India FPO is ₹75.00 per share.

 KP Green Engineering IPOOmfurn India FPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹137.00 per share₹71.00 per share
Issue Price (Upper)₹144.00 per share₹75.00 per share
Issue Price (Final)₹144.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2400 shares
Fresh Issue Size1,25,02,000 shares34,20,000 shares
Fresh Issue Size (Amount)up to ₹180.03 Crup to ₹25.65 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,25,02,000 shares34,20,000 shares
Issue Size Total (Amount)up to ₹180.03 Crup to ₹25.65 Cr

IPO Timetable

KP Green Engineering IPO opens on Mar 15, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of KP Green Engineering IPO and Omfurn India FPO is Mar 19, 2024, and Mar 22, 2024, respectively.

 KP Green Engineering IPOOmfurn India FPO
Anchor Bid DateMar 13, 2024Mar 19, 2024
Issue OpenMar 15, 2024Mar 20, 2024
Issue CloseMar 19, 2024Mar 22, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 26, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 27, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 27, 2024
Listing date (Tentative)Mar 22, 2024Mar 28, 2024
Anchor Lockin End date 1Apr 19, 2024Apr 25, 2024
Anchor Lockin End date 2Jun 18, 2024Jun 24, 2024

Financials & KPIs

KP Green Engineering IPO P/E ratio is 42.8, as compared to Omfurn India FPO P/E ratio of 14.78.

 KP Green Engineering IPOOmfurn India FPO
Financials

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets13,635.629,506.65
Total Income10,413.6411,478.50
Profit After Tax1,126.641,239.45
Reserves and Surplus2,624.033,177.38
Amount in ₹ Lakhs

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,825.975,716.594,766.304,665.35
Total Income4,474.787,108.103,229.792,184.54
Profit After Tax289.16414.8759.81-99.41
Net Worth2,862.952,573.792,158.922,099.11
Reserves and Surplus2,181.751,892.591,477.721,417.91
Total Borrowing1,890.411,138.101,595.161,585.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.3773.40
Promoter Shareholding (Post-Issue)66.5950.96
P/E Ratio42.814.78
Market Cap₹720.00 Cr.₹88.31 Cr.
ROE29.24%10.10%
ROCE23.05%10.28%
Debt/Equity1.11
EPS₹3.36₹5.08
RoNW25.51%10.10%

Shares Offered

In the KP Green Engineering IPO Retail Individual Investors (RII) are offered 43,76,000 shares while in Omfurn India FPO retail investors are offered 43,76,000 shares. Qualified Institutional Buyers (QIB) are offered 25,00,000 shares in KP Green Engineering IPO and 11,73,600 shares in Omfurn India FPO.

 KP Green Engineering IPOOmfurn India FPO
Anchor Investor Reserveration37,50,000 shares5,35,200 shares
Market Maker Reserveration6,58,000 shares1,80,000 shares
QIB25,00,000 shares11,73,600 shares
NII18,76,000 shares5,13,600 shares
RII43,76,000 shares11,97,600 shares
Employee
Others
Total1,25,02,000 shares34,20,000 shares

Bids Received (Subscription)

KP Green Engineering IPO subscribed 29.50x in total, whereas Omfurn India FPO subscribed 3.57x.

 KP Green Engineering IPOOmfurn India FPO
QIB (times)31.86x1.00x
NII (times)48.23x3.02x
Big NII (times)
Small NII (times)
RII (times)20.12x6.33x
Employee (times)
Other (times)
Total (times)29.50x3.57x