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 opens for subscription on March 15, 2024 and closes on March 19, 2024. The allotment for the KP Green Engineering IPO is expected to be finalized on Wednesday, March 20, 2024. KP Green Engineering IPO will list on BSE SME with tentative listing date fixed as Friday, 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 | [.] |
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
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 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 | ||
Key Performance Indicator
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 |
Check KP Green Engineering IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.36 | 4.51 |
| P/E (x) | 42.8 | 31.95 |
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:
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