The KP Green Engineering IPO date has been confirmed from March 15, 2024, and closes on March 19, 2024. Read the post to learn about KP Green Engineering IPO GMP.
You want some big news? Well, listen up! KP Green Engineering Developers is throwing down an IPO worth a whopping Rs 189.50 crores! That’s right, folks! And the shares? Priced between ₹137 and ₹144, they’re making some serious moves. KP Green Engineering IPO GMP Today is ₹50. Now, if you’re thinking of getting in on this action, you gotta know the deal. Each application’s gotta be for a minimum lot size of 1000 shares. Retail investors? They gotta put down at least ₹144,000. And for those High Net Worth Individuals (HNIs), it’s double the commitment – they gotta cough up a minimum of ₹288,000, which is equivalent to 2000 shares.
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Bidding Dates
March 15-19
Price Range
₹137 to ₹144 per share
Face Value
₹5 per share
GMP
₹50
KP Green Engineering IPO GMP
The KP Green Engineering IPO GMP Today is ₹50.
IPO Overview
This IPO is aiming to raise a hefty Rs 189.50 crores, offering up a fresh batch of 131.6 lakh shares. Subscriptions are open from March 15 to March 19, with allocation expected to wrap up by March 20, 2024. And guess what? We’re looking at a listing on BSE SME come March 22, 2024!
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 |
KP Green Engineering Limited Financial Information
| 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 | ||
KP Green Engineering IPO Timeline
| 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 |
Company Profile
Now, let’s talk about KP Green Engineering Limited. These guys have been at it since July 2001, making waves as a top-notch manufacturer of fabricated and hot-dip galvanized steel items. We’re talking Lattice Tower Structures, Substation Structures, and Solar Module Mounting Structures, to name a few. Based outta their manufacturing plant in Dabhasa, Vadodara, Gujarat, covering a whopping 200,000 square feet and decked out with CNC machinery. And with ISO 9001:2015 certification, you know they’re all about delivering top-quality products and services.
As of September 30, 2023, they’ve got a total headcount of 81 across their manufacturing sites and headquarters. So, if you’re ready to rumble in the IPO game, keep an eye out for KP Green Engineering!
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | KP Green Engineering Limited |
| Phone number | 0261 2244 757 |
| Email ID | compliance@kpgroup.com |
| Website | kpgreenengineering.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
