KP Green Engineering IPO description – Established in 2001, KP Green Engineering specializes in manufacturing fabricated and hot-dip galvanized steel products. The company offers diverse products, including lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, beam crash barriers, and other infrastructure solutions. The company offers end-to-end solutions by providing in-house fabrication and Hot Dip Galvanizing facilities for custom-made solutions.
The company is an accredited vendor with GETCO (Gujarat Energy Transmission Corporation Limited) and MSETCL (Maharashtra State Electricity Transmission Company) for up to 400 kW and 220 kW, respectively. Operating through its manufacturing facility located in Vadodara, Gujarat. As of 30 September 2023, KP Green Engineering has a total of 81 employees at its manufacturing facility and head office.
The company is planning to establish a new manufacturing plant in Matar, Bharuch. The new facility will have a capacity of over 290,000 metric tons, a significant increase from its current capacity of 53,000 metric tons at the existing plant. In addition to its existing product offerings, the company intends to introduce a new line of products, including high masts, floor gratings, pre-engineered buildings, and heavy fabrications, to meet the evolving demands of the market.
Promoters of KP Green Engineering – Dr. Farukbhai Gulambhai Patel, and Mr. Hassan Faruk Patel
Table of Contents
KP Green Engineering IPO Details
| KP Green Engineering IPO Dates | 15 – 19 March 2024 |
| KP Green Engineering Issue Price | INR 137 – 144 per share |
| Fresh issue | 13,160,000 shares (INR 180.29 – 189.50 crore) |
| Offer For Sale | NIL |
| Total IPO size | 13,160,000 shares (INR 180.29 – 189.50 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 144,000) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
KP Green Engineering Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 38.61 | 77.70 | 114.21 | 103.93 |
| Expenses | 36.68 | 72.33 | 98.18 | 88.96 |
| Net income | 1.58 | 4.54 | 12.40 | 11.27 |
KP Green Engineering Offer News
- KP Green Engineering RHP
- KP Green Engineering Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
KP Green Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.44 | 1.27 | 3.46 |
| PE ratio | – | – | 39.60 – 41.62 |
| RONW (%) | 9.93 | 22.17 | 37.68 |
| NAV | 4.45 | 5.72 | 9.18 |
| ROCE (%) | 13.47 | 21.01 | 42.48 |
| EBITDA (%) | 13.52 | 11.54 | 18.13 |
| Debt/Equity | 1.29 | 0.98 | 0.54 |
KP Green Engineering IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 21 March 2024 | 7 | – | 6,000 |
| 20 March 2024 | 10 | – | 7,000 |
| 19 March 2024 | 40 | – | 33,000 |
| 18 March 2024 | 45 | – | 37,000 |
| 16 March 2024 | 55 | – | 45,000 |
| 15 March 2024 | 50 | – | 42,000 |
| 14 March 2024 | 35 | – | 25,000 |
| 13 March 2024 | 65 | – | 45,500 |
| 12 March 2024 | 85 | – | 65,000 |
| 11 March 2024 | 95 | – | 77,000 |
| 9 March 2024 | 90 | – | 70,000 |
KP Green Engineering IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,500,000 | 1,876,000 | 4,376,000 | 8,752,000 |
| 19 Mar 2024 | 31.86 | 48.57 | 20.08 | 29.55 |
| 18 Mar 2024 | 1.97 | 7.24 | 8.15 | 6.19 |
| 15 Mar 2024 | 1.69 | 1.32 | 1.96 | 1.75 |
The market maker reservation portion of 6,58,000 shares is not included in the above calculations.
KP Green Engineering IPO Allotment Status
KP Green Engineering IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
KP Green Engineering IPO Dates & Listing Performance
| IPO Opening Date | 15 March 2024 |
| IPO Closing Date | 19 March 2024 |
| Finalization of Basis of Allotment | 20 March 2024 |
| Initiation of refunds | 21 March 2024 |
| Transfer of shares to demat accounts | 21 March 2024 |
| IPO Listing Date | 22 March 2024 |
| Opening Price on BSE SME | INR 200 per share (up 38.89%) |
| Closing Price on BSE SME | INR 210 per share (up 45.83%) |
KP Green Engineering Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91 79 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
KP Green Engineering Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
KP Green Engineering IPO Contact Details
KP GREEN ENGINEERING LIMITED
‘KP House’, Near KP Circle, Opp. Ishwar Farm Junction BRTS,
Canal Road, Bhatar, Surat, Gujarat- 395017, India
Phone: 0261 2244 757
E-mail: [email protected]
Website: www.kpgreenengineering.com
IPO FAQs
What is the KP Green Engineering offer size?
KP Green Engineering offer size is INR 180.29 – 189.50 crores.
What is the KP Green Engineering offer price band?
KP Green Engineering public offer price is INR 137 – 144 per share.
What is the lot size of the KP Green Engineering IPO?
KP Green Engineering offer lot size is 1,000 shares.
What is KP Green Engineering IPO GMP today?
KP Green Engineering IPO GMP today is INR 7 per share.
What is the KP Green Engineering kostak rate today?
KP Green Engineering kostak rate today is NA per application.
What is KP Green Engineering Subject to Sauda rate today?
KP Green Engineering are Subject to the Sauda rate today is INR 6,000 per application.
