Bookbuilding IPO | ₹190 Cr | Listed at BSE SME | Fri, Mar 15, 2024 - Tue, Mar 19, 2024
KP Green Engineering IPO is a book build issue of ₹189.50 crores. The issue is entirely a fresh issue of 1.32 crore shares of ₹189.50 crore.
KP Green Engineering IPO bidding started from Mar 15, 2024 and ended on Mar 19, 2024. The allotment for KP Green Engineering IPO was finalized on Mar 20, 2024. The shares got listed on BSE SME on Mar 22, 2024.
KP Green Engineering IPO price band is set at ₹144 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,44,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,88,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to KP Green Engineering IPO RHP for detailed Information.
IPO Open
Fri, Mar 15, 2024
IPO Close
Tue, Mar 19, 2024
Issue Price
₹144 per share
Market Cap (Pre-IPO)
₹720.00 Cr
| IPO Date | 15 to 19 Mar, 2024 |
| Listed on | Fri, Mar 22, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹137 to ₹144 |
| Issue Price | ₹144 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,31,60,000 shares (agg. up to ₹190 Cr) |
| Reserved for Market Maker | 6,58,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹9 Cr) |
| Fresh Issue (Ex Market Maker) | 1,25,02,000 shares (agg. up to ₹180 Cr) |
| Net Offered to Public | 1,25,02,000 shares (agg. up to ₹180 Cr) |
| Share Holding Pre Issue | 3,68,40,000 shares |
| Share Holding Post Issue | 5,00,00,000 shares |
| BSE Script Code | 544150 |
| ISIN | INE0QVH01025 |
KP Green Engineering IPO comprises a total issue size of 1,31,60,000 shares. The net offer to the public is 1,25,02,000 shares, after excluding 6,58,000 shares allotted on a firm basis. Of the Net offer 62,50,000 (49.99%) are allocated to QIB, 18,76,000 (15.01%) allocated to NII 43,76,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 62,50,000 | 49.99% | 47.49% |
| − Anchor Investor Shares Offered | 37,50,000 | 28.50% | |
| − QIB (Ex. Anchor) Shares Offered | 25,00,000 | 19.00% | |
| NII (HNI) Shares Offered | 18,76,000 | 15.01% | 14.26% |
| Retail Shares Offered | 43,76,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 6,58,000 | 5.00% | |
| Total Shares Offered | 1,31,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,44,000 |
| Retail (Max) | 1 | 1,000 | ₹1,44,000 |
| HNI (Min) | 2 | 2,000 | ₹2,88,000 |
KP Green Engineering IPO raises ₹54.00 crore from anchor investors. KP Green Engineering IPO Anchor bid date is March 13, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 13, 2024 |
| Shares Offered | 37,50,000 |
| Anchor Portion (₹ Cr.) | 54.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 18, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 136.36 | 95.07 |
| Total Income | 104.14 | 114.79 |
| Profit After Tax | 11.27 | 12.39 |
| Reserves and Surplus | 26.24 | 31.77 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Finance the capital expenditure towards setting up of a new manufacturing unit to expand its current production capabilities as well as expanding our current product portfolio. | 156.14 |
| 2 | General Corporate Purposes | 18.15 |
| KPI | |
|---|---|
| ROE | 29.24% |
| ROCE | 23.05% |
| Debt/Equity | 1.11 |
| RoNW | 25.51% |
| PAT Margin | 10.84% |
| Price to Book Value | 11.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.36 | 4.51 |
| P/E (x) | 42.8 | 31.95 |
| Promoter Holding | 90.37% | 66.59% |
| Market Cap | ₹720.00 Cr. |
The KP Green Engineering IPO is subscribed 29.5 times on March 19, 2024 6:21:00 PM (Day 3). The public issue subscribed 20.12 times in the retail category, 31.86 times in the QIB category, and 48.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 31.86 | 25,00,000 | 7,96,48,000 |
| NII* | 48.23 | 18,76,000 | 9,04,76,000 |
| Retail | 20.12 | 43,76,000 | 8,80,64,000 |
| Total | 29.5 | 87,52,000 | 25,81,88,000 |
Total Application : 1,04,138
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.19 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.64 |
| 6 | Fees payable to Peer Review Auditor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 13.50 |
| 9 | Escrow Bank Fees | 0.46 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹144.00 |
| Open | ₹200.00 |
| Low | ₹200.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
Lead Manager Reports
KP Green Engineering IPO is a SME IPO of 1,31,60,000 equity shares of the face value of ₹5 aggregating up to ₹190 Crores. The issue is priced at ₹144 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Mar 15, 2024, and closes on Tue, Mar 19, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in KP Green Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in KP Green Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KP Green Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KP Green Engineering IPO opens on Fri, Mar 15, 2024 and closes on Tue, Mar 19, 2024.
KP Green Engineering IPO lot size is 1000, and the minimum amount required for application is ₹1,44,000.
You can apply in KP Green Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KP Green Engineering IPO will be done on Wednesday, March 20, 2024, and the allotted shares will be credited to your demat account by Thu, Mar 21, 2024. Check the KP Green Engineering IPO allotment status.
The KP Green Engineering IPO listing date is on Fri, Mar 22, 2024.
