12-Mar-2024
2 mins read
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KP Green Engineering IPO is open for subscription from Friday, March 15, 2024, and will close on Tuesday, March 19, 2024. The price band of the latest IPO is decided at Rs 137 to Rs 144 per share. The minimum lot size of this application for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum amount of investment required for retail category investors is Rs 1,44,000 (144 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (144 x 2000 shares). KP Green Engineering IPO is a book-built issue of Rs 189.50 crores. This upcoming IPO issue is completely a fresh issue of 131.6 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, March 20, 2024. KP Green Engineering IPO will be listed on BSE SME, and the listing date is fixed on Friday, March 22, 2024. The book-running lead manager of KP Green Engineering IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for this latest IPO is Spread X Securities.
About KP Green Engineering Limited
KP Green Engineering Limited was incorporated in July 2001, is engaged in the business of manufacturing of fabricated and hot dip galvanising steel products. The product portfolio of KP Green Engineering includes Lattice Tower Structures, Substation structure, Solar Module Mounting Structures, Cables trays, Beam Crash Barriers, Earthing strips. The company’s manufacturing facility, Vadodara, Gujarat which is spreaded in 2000 sq. ft. The plant is fully equipped with CNC machinery and equipment.They offer end-to-end solutions by providing in house fabrication and hot dip galvanising facilities for custom made solutions. The company has the ability to provide high quality products and services, which directly affects its customer satisfaction and long term success. As per books on September 30, 2023, the company has a total 81 employees in its manufacturing plant and head office.
Objectives of KP Green Engineering IPO
The amount received from the initial public offer will be used for financing the capital structure toward setting up a new manufacturing unit. The new manufacturing unit will help to expand the current production capabilities and expand its current product portfolio. Other than this general corporate purposes will also be fulfilled.
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| Period Ended | 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 |
| Reserves and Surplus | 2,624.03 | 3,177.38 |
Other Important Details of KP Green Engineering IPO
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | March 22, 2024. |
| Face Value | Rs 5 per share |
| Price Band | Rs 137 to Rs 144 per share |
| Lot Size | 1000 shares |
| Total Issue Size | 13,160,000 shares amounting to Rs 189.50 crores |
| Fresh Issue | 13,160,000 shares amounting to Rs 189.50 crores |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Shareholding pre issue | 36,840,000 |
| Shareholding post issue | 50,000,000 |
| Market Maker portion | 658,000 shares |
Time-Table of KP Green Engineering IPO
| 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 date for UPI mandate | 5 PM on March 19, 2024 |
Lot Size of KP Green Engineering IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1000 | Rs 144,000 |
| Retail - maximum | 1 | 1000 | Rs 144,000 |
| HNI - minimum | 2 | 2,000 | Rs 288,000 |
IPO Reservation of KP Green Engineering Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Offer |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Offer |
Key Performance Indicator of KP Green Engineering Limited IPO
| KPI | Values |
| ROE | 29.24% |
| ROCE | 23.05% |
| Debt/Equity | 1.11 |
| RoNW | 25.51% |
| P/BV | 11.69 |
| PAT Margin | 10.84% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.36 | 4.51 |
| P/E (x) | 42.8 | 31.95 |
Promoters of KP Green Engineering Limited and Their Holdings
The promoters of KP Green Engineering company are Dr. Farukbhai Gulambhai Patel and Mr. Hassan Faruk Patel.
| Shareholding Pre Issue | 90.37 percent |
| Shareholding Post Issue | 66.59 percent |
Lead Manager(s) of KP Green Engineering IPO
The lead manager for KP Green Engineering IPO is Beeline Capital Advisors Private Limited.
How do you apply for the KP Green Engineering IPO?
Wait for the public issue to open for subscription, then click here to apply for the KP Green Engineering Limited IPO with Bigul.
How do you check the allotment status of KP Green Engineering IPO?
The registrar for KP Green Engineering IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is KP Green Engineering IPO?
KP Green Engineering IPO is a book-built issue of Rs 189.50 crores. This upcoming IPO issue is completely a fresh issue of 131.6 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, March 20, 2024. The price band of the latest IPO is decided at Rs 137 to Rs 144 per share. The minimum lot size of this application for the retail category is 1000 shares.
2. Who are the lead managers for the KP Green Engineering Limited IPO?
Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for KP Green Engineering Limited, handling the IPO's administrative aspects.
4. How can I apply for the KP Green Engineering IPO?
The public subscription of this new IPO will open on March 15, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The amount received from the initial public offer will be used for financing the capital structure toward setting up a new manufacturing unit. The new manufacturing unit will help to expand the current production capabilities and expand its current product portfolio. Other than this general corporate purposes will also be fulfilled.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the KP Green Engineering Limited IPO 2024 by visiting here.
7. What is the financial performance of KP Green Engineering Limited?
The company reported a revenue of Rs 10,413.64 lakhs and profit after tax of Rs1,126.64 for the quarter ended on 30 September 2023. In the last financial year ended on 31 march 2023, the company posted a revenue of Rs 11,478.50 lakhs and net profit of Rs 1,239.45.
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