KP Green Engineering Limited IPO
BSE SMEListed On: Mar 22, 2024 at ₹ 200.0
₹ 288000 /2000 Shares
*Min Investment
15 Mar, 2024
Open Date19 Mar, 2024
Close Date20 Mar, 2024
Allotment Date22 Mar, 2024
Listing DateKP Green Engineering Limited IPO Issue Details
- Issue Price ₹137-144 per equity share
- Face Value ₹5 Per Equity Share
- Total Issue Size 1,31,60,000 shares(aggregating up to ₹189.5 crore)
- Fresh Share 1,31,60,000 shares(aggregating up to ₹189.5 crore)
- Listing at BSE SME
- List Price 200.0
- Listing Date 2024-03-22
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following 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 | ₹1,44,000 |
| Retail(max) | 1 | 1000 | ₹1,44,000 |
| NII (min) | 2 | 2,000 | ₹2,88,000 |
KP Green Engineering Limited IPO Reservation
KP Green Engineering Limited IPO offers total 13,160,000 shares. Out of which 2,500,000 (19%) allocated to QIB, 1,876,000 (14.26%) allocated to NII,4,376,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 3,750,000 (28.5%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,750,000 (28.5%) | |
| Market Maker Shares Offered | 658,000 (5%) | |
| QIB Shares Offered | 2,500,000 (19%) | |
| 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 Limited IPO Details
KP Green Engineering Limited IPO is an SME IPO, priced at ₹137-144 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 1,31,60,000 equity shares, aggregating up to ₹189.5 crores..
The IPO bidding window is open from Mar 15, 2024 to Mar 19, 2024. The allotment is expected to be finalized on Mar 20, 2024, and the tentative listing date is Mar 22, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
KP Green Engineering Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,500,000 / 1,876,000 | 4,376,000 | 8,752,000 |
Day 1 15-03-24 06:00 PM | 1.69 / 1.32 x | 1.96 x | 1.75 x |
Day 2 18-03-24 06:00 PM | 1.97 / 7.24 x | 8.15 x | 6.19 x |
Day 3 19-03-24 06:00 PM | 31.86 / 35.96 x | 20.12 x | 27.51 x |
KP Green Engineering Limited Valuations
KP Green Engineering Limited Company Financials
| 30-Sep-23 | 31-Mar-23 | |
|---|---|---|
| Assets | 13,635.62 | 9,506.65 |
| Revenue | 10,413.64 | 11,478.50 |
| Profit After Tax | 1,126.64 | 1,239.45 |
About KP Green Engineering Limited Company
KP Green Engineering Limited was incorporated in July 2001, engaged in manufacturing fabricated and hot-dip galvanized steel products. It is offering the product portfolio which contains Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers.
It is providing the solutions end to end by furnishing in-house fabrication and Hot Dip Galvanizing facilities for customized solutions.
The company's manufacturing facility is in Dabhasa, Vadodara, Gujarat, with a total area of 200,000 sq. ft. and is fully equipped with CNC machinery and equipment.
The company is ISO 9001:2015 certified, meaning that it has the capability to offer high-quality products and services, which has a direct influence on 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 - Promoter(s)
Dr. Farukbhai Gulambhai Patel
Mr. Hassan Faruk Patel
Pre Issue Share Holding : 90.37%
Post Issue Share Holding : 66.59%
KP Green Engineering Limited IPO - Issue Objectives
Part finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities and expand the current product portfolio.
General Corporate Purposes.
KP Green Engineering Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| KP Green Engineering Limited | 3.14 | N/A | 9.18 | N/A | 25.51 | 15.69 | Standalone |
| Salasar Techno Engineering Ltd | 1.32 | N/A | 12.67 | 30.23 | 10.03 | 3.15 | Standalone |
| Skipper Ltd | 3.19 | N/A | 74.8 | 30.2 | 4.26 | 1.29 | Standalone |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on the BSE and NSE on March 31, 2023, divided by the Diluted EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus and sub-division of shares.
Contact Details
KP Green Engineering Limited
KP House', Near KP Circle, Opp. Ishwar Farm Junction BRTS, Canal Road, Bhatar, Surat-395017
0261 2244 757
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
KP Green Engineering Limited IPO - FAQs
Ans. KP Green Engineering Limited IPO is a SME IPO. The issue is priced at ₹137-144 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Mar 15, 2024, and closes on Mar 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The KP Green Engineering Limited IPO opens on Mar 15, 2024 and closes on Mar 19, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of KP Green Engineering Limited IPO is 13,160,000 shares(aggregating up to ₹189.50 Cr).
Ans. The KP Green Engineering Limited IPO price band is set between ₹137-144 per equity share.
Ans. To apply for KP Green Engineering Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find KP Green Engineering Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of KP Green Engineering Limited IPO is Mar 20, 2024.
Ans. The KP Green Engineering Limited IPO will be listed on Mar 22, 2024.
Ans. Follow the steps to check the KP Green Engineering Limited IPO allotment status online.
