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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 ₹144.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,37,000 (1000 shares). The minimum lot size investment for 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 Date | March 15, 2024 to March 19, 2024 |
| Listing Date | March 22, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹137 to ₹144 per share |
| Issue Price Final | ₹144 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,31,60,000 shares (aggregating up to ₹189.50 Cr) |
| Reserved for Market Maker | 6,58,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹9.48 Cr) |
| Net Offered to Public | 1,25,02,000 shares (aggregating up to ₹180.03 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 3,68,40,000 shares |
| Share Holding Post Issue | 5,00,00,000 shares |
KP Green Engineering IPO offers total 1,31,60,000 shares. Out of which 62,50,000 (47.49%) allocated to QIB, 25,00,000 (19.00%) allocated to QIB, 18,76,000 (14.26%) allocated to NII, 43,76,000 (33.25%) allocated to RII and 37,50,000 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,58,000 (5.00%) |
| QIB Shares Offered | 62,50,000 (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 (14.26%) |
| Retail Shares Offered | 43,76,000 (33.25%) |
| Total Shares Offered | 1,31,60,000 (100.00%) |
KP Green Engineering IPO raises ₹54.00 crore from anchor investors. KP Green Engineering IPO Anchor bid date is March 13, 2024. KP Green Engineering IPO Anchor Investors list
| Bid Date | March 13, 2024 |
| Shares Offered | 37,50,000 |
| Anchor Portion Size (In Cr.) | 54.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 18, 2024 |
KP Green Engineering IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Fri, Mar 15, 2024 |
| IPO Close Date | Tue, Mar 19, 2024 |
| Tentative Allotment | Wed, Mar 20, 2024 |
| Initiation of Refunds | Thu, Mar 21, 2024 |
| Credit of Shares to Demat | Thu, Mar 21, 2024 |
| Tentative Listing Date | Fri, Mar 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 19, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 13,635.62 | 9,506.65 |
| Total Income | 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 | ||
The market capitalization of KP Green Engineering IPO is ₹720.00 Cr.
| KPI | Values |
|---|---|
| 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 Rs | 3.36 | 4.51 |
| P/E (x) | 42.8 | 31.95 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] This is the flagship company of KP group that has wide interest in renewable energy. Its two previous IPOs have already migrated to mainboard and has amply rewarded its stakeholders. The management is confident for maintaining legacy of rewards. This is the third IPO from the group in the last eight years. It is also the historically biggest SME IPO so far for any exchange. Investors may lap it up for the medium to long term rewards. Read detail review...
| Listing Date | March 22, 2024 |
| BSE Script Code | 544150 |
| NSE Symbol | |
| ISIN | INE0QVH01025 |
| Final Issue Price | ₹144 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹144.00 |
| Open | ₹200.00 |
| Low | ₹200.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
KP Green Engineering Ltd.
KP House', Near KP Circle,
Opp. Ishwar Farm Junction BRTS
Canal Road, Bhatar, Surat-395017
Surat, Gujarat
Phone: 0261 2244 757
Email: compliance@kpgroup.co
Website: https://www.kpgreenengineering.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
KP Green Engineering IPO is a SME IPO of 1,31,60,000 equity shares of the face value of ₹5 aggregating up to ₹189.50 Crores. The issue is priced at ₹144 per share. The minimum order quantity is 1000.
The IPO opens on March 15, 2024, and closes on March 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 March 15, 2024 and closes on March 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 Thursday, March 21, 2024. Check the KP Green Engineering IPO allotment status.
The KP Green Engineering IPO listing date is on Friday, March 22, 2024.
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