KP Green Engineering Limited IPO Detail
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.
Company Promoters
Dr. Farukbhai Gulambhai Patel and Mr. Hassan Faruk Patel.IPO Details
| IPO Opening Date | Mar 15, 2024 |
| IPO Closing Date | Mar 19, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹137 - 144 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹189.50 Cr |
| Fresh Issue | ₹189.50 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.69x | 0.00x | 0.00x | 1.32x | 1.96x | 1.75x |
| Day 2 | 1.97x | 0.00x | 0.00x | 7.24x | 8.15x | 6.19x |
| Day 3 | 31.86x | 0.00x | 0.00x | 48.23x | 20.12x | 29.50x |
IPO Tentative Timetable
The KP Green Engineering Limited IPO open date is Mar 15, 2024, and the close date is Mar 19, 2024. The issue may list on Mar 22, 2024.
| IPO Open Date | Mar 15, 2024 |
| IPO Close Date | Mar 19, 2024 |
| Basis of Allotment Date | Mar 20, 2024 |
| Initiation of Refunds | Mar 21, 2024 |
| Credit of Shares to Demat Account | Mar 21, 2024 |
| IPO Listing Date | Mar 22, 2024 |
IPO Lot Size
The KP Green Engineering Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹144000 |
| Maximum | 1 | 1000 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.37% |
| Post Issue Share Holding | 66.59% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 9506.65 | 11478.50 | 1239.45 |
| 30-Sep-23 | 13635.62 | 10413.64 | 1126.64 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 Registrar:
Bigshare Services Pvt Ltd
KP Green Engineering Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
KP Green Engineering Limited
KP House', Near KP Circle,
Opp. Ishwar Farm Junction BRTS
Canal Road, Bhatar, Surat-395017
