KP Green Engineering IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 15 to Mar 19 2024
Price Band
₹137 - 144
Current GMP
₹200 (38.89%)
Subscription
29.50 times
IPO Details
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | Friday, March 22, 2024 |
| 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 |
IPO Date
March 15, 2024 to March 19, 2024
Listing Date
Friday, March 22, 2024
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 31.86 |
| Non-Institutional Buyers* | 48.23 |
| Retail Investors | 20.12 |
| Total ** | 29.50 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
31.86
Non-Institutional Buyers*
48.23
Retail Investors
20.12
Total **
29.50
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 15, 2024 | 1.69 | 1.32 | 1.96 | 1.75 |
| Day 2 Mar 18, 2024 | 1.97 | 7.24 | 8.15 | 6.19 |
| Day 3 Mar 19, 2024 | 31.86 | 48.23 | 20.12 | 29.50 |
DayDay 1
Mar 15, 2024
QIB1.69
NII*1.32
Retail1.96
Total1.75
DayDay 2
Mar 18, 2024
QIB1.97
NII*7.24
Retail8.15
Total6.19
DayDay 3
Mar 19, 2024
QIB31.86
NII*48.23
Retail20.12
Total29.50
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-03-2024 | 144.00 | 50 (34.72%) | 194 |
| 21-03-2024 | 144.00 | 20 (13.89%) | 164 |
| 20-03-2024 | 144.00 | 5 (3.47%) | 149 |
| 19-03-2024 | 144.00 | 5 (3.47%) | 149 |
| 18-03-2024 | 144.00 | 36 (25%) | 180 |
| 17-03-2024 | 144.00 | 38 (26.39%) | 182 |
| 16-03-2024 | 144.00 | 38 (26.39%) | 182 |
| 15-03-2024 | 144.00 | 35 (24.31%) | 179 |
| 14-03-2024 | 144.00 | 60 (41.67%) | 204 |
| 13-03-2024 | 144.00 | 30 (20.83%) | 174 |
| 12-03-2024 | 144.00 | 60 (41.67%) | 204 |
| 11-03-2024 | 144.00 | 83 (57.64%) | 227 |
| 10-03-2024 | 144.00 | 100 (69.44%) | 244 |
| 09-03-2024 | 144.00 | 95 (65.97%) | 239 |
| 08-03-2024 | 144.00 | 80 (55.56%) | 224 |
Date22-03-2024
Price144.00
GMP50 (34.72%)
Estimate List Price194
Date21-03-2024
Price144.00
GMP20 (13.89%)
Estimate List Price164
Date20-03-2024
Price144.00
GMP5 (3.47%)
Estimate List Price149
Date19-03-2024
Price144.00
GMP5 (3.47%)
Estimate List Price149
Date18-03-2024
Price144.00
GMP36 (25%)
Estimate List Price180
Date17-03-2024
Price144.00
GMP38 (26.39%)
Estimate List Price182
Date16-03-2024
Price144.00
GMP38 (26.39%)
Estimate List Price182
Date15-03-2024
Price144.00
GMP35 (24.31%)
Estimate List Price179
Date14-03-2024
Price144.00
GMP60 (41.67%)
Estimate List Price204
Date13-03-2024
Price144.00
GMP30 (20.83%)
Estimate List Price174
Date12-03-2024
Price144.00
GMP60 (41.67%)
Estimate List Price204
Date11-03-2024
Price144.00
GMP83 (57.64%)
Estimate List Price227
Date10-03-2024
Price144.00
GMP100 (69.44%)
Estimate List Price244
Date09-03-2024
Price144.00
GMP95 (65.97%)
Estimate List Price239
Date08-03-2024
Price144.00
GMP80 (55.56%)
Estimate List Price224
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹144,000 |
| Retail (Max) | 1 | 1000 | ₹144,000 |
| HNI (Min) | 2 | 2,000 | ₹288,000 |
ApplicationRetail (Min)
Lots1
Shares1000
Amount₹144,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹144,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹288,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| 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 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202313,635.62
31 Mar 20239,506.65
Period EndedRevenue
30 Sep 202310,413.64
31 Mar 202311,478.50
Period EndedProfit After Tax
30 Sep 20231,126.64
31 Mar 20231,239.45
Period EndedReserves and Surplus
30 Sep 20232,624.03
31 Mar 20233,177.38
Key Performance Indicator
| ROE | 29.24% |
| ROCE | 23.05% |
| Debt/Equity | 1.11 |
| RoNW | 25.51% |
| P/BV | 11.69 |
| PAT Margin (%) | 10.84 |
| EPS (Rs) | 3.36 |
ROE
29.24%
ROCE
23.05%
Debt/Equity
1.11
RoNW
25.51%
P/BV
11.69
PAT Margin (%)
10.84
EPS (Rs)
3.36
IPO Reservation
| Anchor Investor Shares Offered | 3,750,000 (28.50%) |
| Market Maker Shares Offered | 658,000 (5.00%) |
| QIB Shares Offered | 2,500,000 (19.00%) |
| NII (HNI) Shares Offered | 1,876,000 (14.26%) |
| Retail Shares Offered | 4,376,000 (33.25%) |
| Total Shares Offered | 13,160,000 (100%) |
Anchor Investor Shares Offered
3,750,000 (28.50%)
Market Maker Shares Offered
658,000 (5.00%)
QIB Shares Offered
2,500,000 (19.00%)
NII (HNI) Shares Offered
1,876,000 (14.26%)
Retail Shares Offered
4,376,000 (33.25%)
Total Shares Offered
13,160,000 (100%)
Information about company
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.
Objectives of IPO
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.Â
General Corporate Purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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