KP Green Engineering is scheduled to hit the market on March 15, 2024 and close on March 19, 2024. KP Green Engineering plans to raise around ₹189.50 Cr through an IPO with a sale of up to 13,160,000 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
KP Green Engineering Limited, founded in July 2001, specializes in manufacturing fabricated and hot-dip galvanized steel products. Their product line includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, and Beam Crash Barriers. Offering end-to-end solutions with in-house fabrication and Hot Dip Galvanizing facilities, the company caters to bespoke requirements.
Located in Dabhasa, Vadodara, Gujarat, the company's manufacturing facility spans 200,000 sq. ft. and is fully equipped with CNC machinery and equipment. Its ISO 9001:2015 certification reflects a dedication to providing high-quality products and services. With a workforce of 81 employees as of September 30, 2023, across its manufacturing facility and head office, KP Green Engineering Limited stands committed to excellence in its operations.
KP Green Engineering IPO Details
KP Green Engineering IPO opens on March 15, 2024, and closes on March 19, 2024. The Listing date for KP Green Engineering IPO is on March 22, 2024. The price band for IPO is ₹137 to ₹144 per share and lot size of 1000 Shares.
| IPO Date | Mar 15, 2024 to Mar 19, 2024 |
| Listing Date | Mar 22, 2024 |
| Price | ₹137 to ₹144 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹189.50 Cr |
| Face Value | ₹5 per share |
KP Green Engineering IPO Tentative Timetable
KP Green Engineering opening date is March 15, 2024 and close date is March 19, 2024. The IPO allotment date is March 20, 2024. The refund initiation of IPO is on March 21, 2024. The credit of shares in demat account is on March 21, 2024. The listing date is on March 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 15, 2024 |
| IPO Closing | Mar 19, 2024 |
| IPO Allotment Date | Mar 20, 2024 |
| Refund Initiation | Mar 21, 2024 |
| Shares Credit to Demat | Mar 21, 2024 |
| Lisiting Date | Mar 22, 2024 |
KP Green Engineering IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹144,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹144,000 |
| Retail(Maximum) | 1 | 1000 | ₹144,000 |
| HNI (Minimum) | 2 | 2000 | ₹288,000 |
KP Green Engineering IPO Promoter Holding
| Pre Issue Share Holding | 90.37% |
| Post Issue Share Holding | 66.59% |
KP Green Engineering IPO Review
KP Green Engineering Limited, a company with a rich history dating back to its inception in 2001, is gearing up for its IPO with a market capitalization of Rs 720 Cr. Specializing in the manufacturing of fabricated and hot-dip galvanized steel products, the company boasts an impressive product portfolio encompassing various structures and barriers essential in the infrastructure and energy sectors. With its manufacturing facility located in Dabhasa, Vadodara, Gujarat, spanning a vast 200,000 sq. ft. equipped with cutting-edge CNC machinery, KP Green Engineering is well-positioned to deliver top-notch custom-made solutions to its clientele.
The financial performance of KP Green Engineering Limited showcases a positive growth trend, with assets valued at ₹13,635.62 Lakhs and revenue of ₹10,413.64 Lakhs as of September 30, 2023. The company's solid key performance indicators further affirm its financial stability and growth potential, with metrics like a robust ROE of 29.24%, ROCE of 23.05%, and a healthy PAT Margin of 10.84%. Additionally, the company's commitment to quality is underscored by its ISO 9001:2015 certification, highlighting its ability to provide high-quality products and services to meet customer expectations.
Investors eyeing the IPO of KP Green Engineering Limited can expect promising growth opportunities, evident from post-IPO metrics such as an EPS of ₹4.51 and a favorable P/E ratio of 31.95. The company's ambitious objectives for the IPO proceeds, including expanding production capabilities through a new manufacturing unit and catering to general corporate purposes, signal a strategic approach towards enhancing operational efficiency and market competitiveness. With a strong focus on innovation, quality, and customer satisfaction, KP Green Engineering Limited appears well-equipped to navigate the dynamic market landscape and emerge as a significant player in the manufacturing industry.
KP Green Engineering IPO Subscription Status (Bidding Details)
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KP Green Engineering IPO FAQs
What is KP Green Engineering IPO?
KP Green Engineering is issuing 13,160,000 equity shares with a face value of ₹5 each, totaling up to ₹189.50 Cr. The shares are being offered at a price of ₹137 to ₹144 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When KP Green Engineering IPO will open?
KP Green Engineering will open on March 15, 2024 for QIB, NII, and Retail Investors.
When KP Green Engineering IPO will end?
KP Green Engineering will end on March 19, 2024.
What is KP Green Engineering IPO Size?
KP Green Engineering IPO size is ₹189.50 Cr.
What is KP Green Engineering IPO Price Band?
KP Green Engineering price band is ₹137 to ₹144 per share.
What is the KP Green Engineering IPO Allotment Date?
KP Green Engineering allotment date is March 20, 2024.
What is the KP Green Engineering IPO Listing Date?
KP Green Engineering listing date is March 22, 2024. The IPO is to be listed on BSE and NSE.
How to KP Green Engineering IPO through Zerodha?
To apply for the IPO “KP Green Engineering” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply KP Green Engineering IPO through Upstox?
To apply for the IPO “KP Green Engineering” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check KP Green Engineering IPO Allotment Status?
For KP Green Engineering IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is KP Green Engineering IPO GMP?
You can check out here: KP Green Engineering IPO GMP