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KP Green Engineering IPO is a book built issue of Rs 189.50 crores. The issue is entirely a fresh issue of 131.6 lakh shares.
KP Green Engineering IPO bidding started from March 15, 2024 and ended on March 19, 2024. The allotment for KP Green Engineering IPO was finalized on Wednesday, March 20, 2024. The shares got listed on BSE SME on March 22, 2024.
KP Green Engineering 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 KP Green Engineering IPO is Spread X Securities.
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 |
| 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 Spread X Securities |
KP Green Engineering IPO offers 13,160,000 shares. 2,500,000 (19.00%) to QIB, 1,876,000 (14.26%) to NII, 4,376,000 (33.25%) to RII and 3,750,000 (28.50%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 3,750,000 (28.50%) |
| Market Maker Shares Offered | 658,000 (5.00%) |
| QIB Shares Offered | 2,500,000 (19.00%) |
| NII (HNI) Shares Offered | 1,876,000 (14.26%) |
| Retail Shares Offered | 4,376,000 (33.25%) |
| Total Shares Offered | 13,160,000 (100%) |
KP Green Engineering IPO raises Rs 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 | 3,750,000 |
| 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 | 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 |
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 |
| Lot Size Calculator | |||
The promoters of the company are Dr. Farukbhai Gulambhai Patel and Mr. Hassan Faruk Patel.
| Share Holding Pre Issue | 90.37% |
| Share Holding Post Issue | 66.59% |
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 |
| 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 | ||
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 |
| 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...
The KP Green Engineering IPO is subscribed 29.50 times on March 19, 2024 6:21:00 PM. 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) |
|---|---|
| QIB | 31.86 |
| NII | 48.23 |
| Retail | 20.12 |
| Total | 29.50 |
Total Application : 104,138 (23.80 times)
| Listing Date | March 22, 2024 |
| BSE Script Code | 544150 |
| NSE Symbol | |
| ISIN | INE0QVH01025 |
| Final Issue Price | ₹144 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹144.00 |
| ₹200.00 |
| ₹200.00 |
| ₹210.00 |
| ₹210.00 |
KP Green Engineering Limited
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
KP Green Engineering IPO is a SME IPO of 13,160,000 equity shares of the face value of ₹5 aggregating up to ₹189.50 Crores. The issue is priced at ₹137 to ₹144 per share. The minimum order quantity is 1000 Shares.
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 Shares, and the minimum amount required is ₹144,000.
You can apply in KP Green Engineering IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
Thank you,
Prachi @Team Chittorgarh.com
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