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KP Green Engineering Limited IPO (KP Green Engineering IPO) Detail

March 15, 2024 - March 19, 2024

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.

KP Green Engineering IPO Details

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 Size13,160,000 shares
(aggregating up to ₹189.50 Cr)
Fresh Issue13,160,000 shares
(aggregating up to ₹189.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue36,840,000
Share holding post issue50,000,000
Market Maker portion658,000 shares
Spread X Securities

KP Green Engineering IPO Reservation

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 Offered3,750,000 (28.50%)
Market Maker Shares Offered658,000 (5.00%)
QIB Shares Offered2,500,000 (19.00%)
NII (HNI) Shares Offered1,876,000 (14.26%)
Retail Shares Offered4,376,000 (33.25%)
Total Shares Offered13,160,000 (100%)

KP Green Engineering IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

KP Green Engineering IPO Lot Size

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

KP Green Engineering IPO Promoter Holding

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%

About KP Green Engineering Limited

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.

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets13,635.629,506.65
Revenue10,413.6411,478.50
Profit After Tax1,126.641,239.45
Reserves and Surplus2,624.033,177.38
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of KP Green Engineering IPO is Rs 720 Cr.

KPI Values
ROE29.24%
ROCE23.05%
Debt/Equity1.11
RoNW25.51%
P/BV11.69
PAT Margin (%)10.84
Pre IPO Post IPO
EPS (Rs) 3.364.51
P/E (x) 42.831.95
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (KP Green Engineering IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Part finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities and expand the current product portfolio. 
  2. General Corporate Purposes.

KP Green Engineering IPO Review (Apply)

[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...


KP Green Engineering IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB31.86
NII48.23
Retail20.12
Total29.50

Total Application : 104,138 (23.80 times)

KP Green Engineering IPO Prospectus

KP Green Engineering IPO Rating

5
3.2
Rating:Rated 3.2 stars
Vote Here ...

KP Green Engineering IPO Listing Details

Listing Date March 22, 2024
BSE Script Code 544150
NSE Symbol
ISIN INE0QVH01025
Final Issue Price ₹144 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹144.00
₹200.00
₹200.00
₹210.00
₹210.00

Check IPO Performance…

KP Green Engineering Limited Contact Details

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/

KP Green Engineering IPO Registrar

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 - Buy or Not

KP Green Engineering IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 1

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KP Green Engineering IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'KP Green Engineering IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The KP Green Engineering IPO listing date is on March 22, 2024.
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KP Green Engineering IPO Message Board

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526 Comments

197. Shethsaheb |   Link |  Bookmark |April 15, 2024 3:43:19 PM
I am still holding this since listing. Who else?
197.2. Hashah |   Link |  Bookmark |April 16, 2024 12:09:58 AM
Me too holding since allotted. What is target
197.3. Shethsaheb |   Link |  Bookmark |April 18, 2024 9:26:04 AM
Sold today at 490
196. B positive |   Link |  Bookmark |April 10, 2024 9:39:01 AM
@rohitian, @Dhiraj Ramchandani Off topics for CANARYS solution
Kya bata sakte he uska result kab he 🙏🙏🙏
196.1. Dhiraj Ramchandani |   Link |  Bookmark |April 10, 2024 11:23:06 AM
IPO Guru IPO Guru (1100+ Posts, 600+ Likes)
Hello Sir, not following Canarys
195. JSK✨ |   Link |  Bookmark |April 9, 2024 7:57:18 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Today 10% circuit instead of 20% for KP Green Engg, may be some changes from exchange due to radar on SME.
194. MightyM |   Link |  Bookmark |April 8, 2024 10:13:52 PM
Thanks @Abias 

Just for clarity, shudnt this news ie change in circuit filter limit, be published on BSE? Or is this something that is understood wud happen for all SME stocks after 10 days of trading.

Regards.
194.1. Abias |   Link |  Bookmark |April 8, 2024 10:31:19 PM
Notification posted on 22nd in bse sme.
After 10 days this change from MT to M group with 20% circuit happens for all SME stocks.

Only if the price actions is in continues circuits the change is restricted to 10% .

194.2. MightyM |   Link |  Bookmark |April 8, 2024 10:37:01 PM
Great. Many thanks @Abias 🙏
193. Abias |   Link |  Bookmark |April 8, 2024 10:10:13 PM
@MightyM  For your information,
Tomorrow circuit change is 10% instead of 20% because of continues upper circuit.

All other points that @rohiitian shared remains same.
192. MightyM |   Link |  Bookmark |April 8, 2024 3:32:21 PM
Thanks @rohiitian Wasn’t aware of the “10 day” lock-in period prior to shifting of circuit filter from 5% to 20%.

Learnt something new today so grateful for ur clarification as also for the exchange notification.

Kind regards.
191. Abias |   Link |  Bookmark |April 8, 2024 10:27:20 AM
10 on 10
All day ending in upper circuit.

@JSK✨ @rohiitian Thanks for sharing your views
191.3. MightyM |   Link |  Bookmark |April 8, 2024 2:32:38 PM
@rohiitian why do you say 20% circuit up or down or both tmrw? Every day the circuit limit is 5% up/down so didn’t understand the 20% filter! Pl if you could kindly explain that wud b very helpful.

Also, at 12:08:08 noon time today, there’s an announcement “The Exchange has sought clarification from KP Green Engineering Ltd on April 8, 2024, with reference to Movement in Volume.”

Does this mean the Exchange is worried or suspects “movement in stock volume” requires close scrutiny? Would such News adversely impact the share price tomorrow?

Is it recommended to exit the holding now & re-enter perhaps at a lower price in case the stock price appears “heated” & trading at a high PE indicating overvalued!

Regards.
191.4. rohiitian |   Link |  Bookmark |April 8, 2024 2:48:34 PM
IPO Mentor IPO Mentor (1000+ Posts, 600+ Likes)
@MightyM Tomorrow circuit filter will revise from 5% to 20% because 10 days are up. The clarification message is a standard disclaimer from the exchange when there's continuous one-way price movement beyond a certain number of circuits. It doesn't have any significance.
190. Abias |   Link |  Bookmark |April 5, 2024 12:06:36 PM
@JSK✨ @rohiitian Kindly share your views,

My observation:
Phenomenal demand even on day 9 of listing.

1. For a bse sme - 76 crore trade value is huge.
(On listing day it was around 96 crore)

The beauty is still the stock is in UC
Surprised to see the appetite for sme in the market.

Many events are awaiting that will push the stock more on the upside. Circuit revision
FY24 result etc
Expecting atleast 2000+ cr mcap in very short term.

Disclosure: views biased as I hold few lots
190.2. Abias |   Link |  Bookmark |April 5, 2024 1:25:20 PM
@rohiitian makes total sense. Let's see the price action for next week.
190.3. MightyM |   Link |  Bookmark |April 5, 2024 7:55:58 PM
Today was a roller coaster! Heart sank when the stock opened lower at 290; panic set in when LC was hit @280 & then again the stock rose n rose to hit UC!!

A complete turnaround from LC to UC within just 1-2 hours ie spread of Rs 29.50 / 10.5%!!

What is the view / strategy next week opening on Monday, 08 April? What factors (buy volume; price etc) require to be reviewed during pre-open to hold or exit?

Any views @rohiitian
189. jitZ |   Link |  Bookmark |April 5, 2024 5:22:25 PM
tightly holding my alloted lot
188. B positive |   Link |  Bookmark |April 5, 2024 10:59:27 AM
Sold at 304..... Thank you Dada 🙏🙏🙏
187. MightyM |   Link |  Bookmark |April 4, 2024 9:38:42 AM
Congratulations to all successful allottee’s for doubling their investment within 7 trading days post listing on 22 March.

At today’s upper circuit limit of Rs 295.50; being the 8th trading day post-listing; the stock has returned 105.20% return!!!

May more such listings be our good fortune.

Congrats to all once again.
186. Seth. |   Link |  Bookmark |April 4, 2024 12:23:04 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
What a run after listing , however Valuation is heavily scratched so whoever holding keep eye on UC volume and if it's fall below 1 lac shares then exit as nothing much left upper side except fomo buying.
185. Kumardbt |   Link |  Bookmark |March 31, 2024 4:25:18 PM
​ ​@JSK✨  @M Gupta @Noorul  Please let us know your view on KP Green Engineering for next week and future.

Any other respective CG group members also your views are most welcome.

Thank you.
185.3. Kumardbt |   Link |  Bookmark |April 7, 2024 12:46:11 AM
@JSK Thank you so much for your kind response. It's a very valuable information.
185.4. JSK✨ |   Link |  Bookmark |April 8, 2024 12:04:21 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Here are my strong feeling about this stock:

1. Hold who want very high profit (but can bear panic and have patience), again posting that KP will bring this stock at KP Green level for sure (in my opinion).

2. Sell tomorrow/day after tomorrow, it may start trading in 2-3 days for sure.

I'm going to sell atleast 1 or both lot either tomorrow or day after tomorrow. I will use these amount in distributed portfolio instead of single SME, in fact i have bought KPE Green/Waaree/Gensol in same domain to distribute the risk.
184. GJ Eighteen |   Link |  Bookmark |March 26, 2024 6:02:25 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Looks like, admin is Not in a mood,.. or policy issues?  @Admin @ Chittorgarh.com  Pls clarify.
183. M Gupta |   Link |  Bookmark |March 25, 2024 10:45:50 PM
IPO Guru IPO Guru (1000+ Posts, 3100+ Likes)
Despite SGX nifty down by more than 100 points, KP should open up 5 five percent ( upper cercuit).
183.1. RAVI KANT CA |   Link |  Bookmark |March 26, 2024 9:26:21 AM
perfect
183.2. ZAP |   Link |  Bookmark |March 28, 2024 6:32:44 AM
For how many days 5% circuit remains and there after how much
182. IPO guro |   Link |  Bookmark |March 24, 2024 1:32:02 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Yah hoti hi bumper listing ak, Sona machinary ,hai discount listing very poor.
181. Gaurav Jhunjhunu |   Link |  Bookmark |March 23, 2024 9:54:04 PM
@Admin @ Chittorgarh.com Why BOA not uploaded till now? Kindly Upload KP Green Eng Basis of Allotment now
181.1. Prachi @ Team Chittorgarh.com |   Link |  Bookmark |March 23, 2024 11:11:03 PM
Greetings,
Updated KP Green Engineering IPO BOA.

Thanks for the feedback.

Thank you,
Prachi @Team Chittorgarh.com

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180. IPOswami |   Link |  Bookmark |March 23, 2024 12:50:07 AM (200+ Posts)
Even BOFA is Anchor investor holding 4lk+ shares

Total= bulk deal 350000+ Anchor 4lk+=7.7lk+.......

Something big.........on card.................
179. Earthking |   Link |  Bookmark |March 22, 2024 9:58:56 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
22 Mar 2024       BOFA SECURITIES EUROPE SA       B       350000       209.66
22 Mar 2024       ANKUSH KEDIA       B       841000       207.40
22 Mar 2024       LRSD SECURITIES PRIVATE LIMITED       S       276000       200.00
22 Mar 2024       RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED       S       277000       200.00
22 Mar 2024       VIJIT GLOBAL SECURITIES PRIVATE LIMITED       B       405000       205.56

Interesting Bulk Deal ...

BOFA Securities Europe SA bought 3/5 lakh shares @210 price ...
178. SMEIPOONTHEWAY |   Link |  Bookmark |March 22, 2024 7:57:29 PM
My amount is still blocked and no amount debited for 2 lots allotted in SBI.

Anything to be done from my end?? Actually got debit failed message from paytm that 1 lac limit exceed but nothing happened like this before.

Kindly help and share inputs. Thanx in advance