K P Green Engineering IPO
The initial public offering (IPO) of K P Green Engineering will open for subscription on March 15 and close on March 19, comprising fresh issues of Rs.189.50 Crore An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on March 22, 2024.
#1. Quick Intro to K P Green Engineering
K P Green Engineering Limited (2021) is engaged in the manufacturing of fabricated and hot-dip galvanised steel products. The company manufacturing facility is situated at Dabhasa Vadodara Gujarat spread area of 200000 sq. feet fully equipped with CNC machines and equipment.
Products portfolio; Substance structures, solar module mounting structure, cable trays, earthing strips, etc.
Following category of business; Fault rectification services, Job work for galvanised and Solar installation services
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of K P Green Engineering
The company intends to use the IPO Funds for the following purposes:
- Capital expenditure towards setting up a new manufacturing unit and expanding the current product portfolio.
- General corporate purpose.
#3. K P Green Engineering Core Strengths
- Experienced promoters and professional leadership team.
- Execution capability
- Consistent financial performance
#4. K P Green Engineering IPO Review & Rating
| Issue Size | Rs.189.50 Crore |
| Issue Price | Rs.137 to Rs.144 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Sep 30, 2023) | Rs.1,126.64 lakhs |
| ROE (%) | – |
| ROCE (%) | – |
| Listing on | BSE SME |
| IPO Deliver Rating | Four |
#5. K P Green Engineering IPO Dates, Price Band & Details
K P Green Engineering IPO will open on March 15, 2024, and close on March 19, 2024. The IPO is to be listed on March 22, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.189.50Crore |
| Price Brand | Rs.137 to 144 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | March 15, 2024 |
| IPO Close Date | March 19, 2024 |
| IPO Allotment Date | March 20, 2024 |
| Refund Date | March 21, 2024 |
| Share Credit Date | March 21, 2024 |
| Listing Date | March 22, 2024 |
#6. K P Green Engineering IPO Offer Details
K P Green Engineering IPO’s total issue size is 1,31,60,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 1,31,60,000 | 189.50 |
| Offer for Sale (OFS) | – | – |
#7. K P Green Engineering Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 10,393.23 | 11,420.89 | 7,770.16 |
| Net Worth | 4,416.25 | 3,289.60 | 2,050.00 |
| Profit | 1,126.64 | 1,239.60 | 454.46 |
| Total Borrowings | 4,895.34 | 1,768.10 | 2,012.25 |
#8. K P Green Engineering Quantitative Factors
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 3.14 | 3.46 | 1.27 |
| RoNW (%) | 25.51 | 37.68 | 22.17 |
| NAV (Rs.) | 12.32 | 9.18 | 5.72 |
#9. K P Green Engineering Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in lakhs) |
RoNW (%) | NAV (Rs.) |
| Salasar Techno Engg. Ltd. | 1,00,005.66 | 10.23 | 12.67 |
| Skipper Ltd. | 1,98,030.00 | 4.26 | 74.80 |
#10. K P Green Engineering Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Farukbhai Gulambhai Patel |
| 02. | Hassan Faruk Patel |
#11. K P Green Engineering Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 90.37 |
| Post-issue | – |
#12. K P Green Engineering IPO Reservation Details
K P Green Engineering IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | Not less than 35% of the Issue size |
| NII Shares Offered | Not less than 15% of the Issue size |
| QIB Shares Offered | Not more than 50% of the Issue size |
#13. K P Green Engineering IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,44,000 |
| Retail (Max.) | 1 | 1000 | 1,44,000 |
| HNI (Min.) | 2 | 2000 | 2,88,000 |
#14. K P Green Engineering IPO – Prospectus Copy
An investor can download/view the K P Green Engineering prospectus copy, which the company filed to exchange, details are as follows.
| K P Green Engineering IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. K P Green Engineering IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-022-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. K P Green Engineering IPO Lead Managers
Beeline Capital Advisors Private Limited
Phone No. +91-079 49185784
E-Mail: ipo@beelinemb.com
Website: www.beelinemb.com
#17. K P Green Engineering IPO Application (How to Apply for an IPO)
There are three primary options for applying for a K P Green Engineering IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “K P Green Engineering Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “K P Green Engineering Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. K P Green Engineering Company Details
K P Green Engineering Limited
Registered Office: KP House, Near KP Circle, Opp. Ishwar Farm Junction, BRTS, Canal Road, Surat, Gujarat-395017
Email: compliance@kpgroup.co
Website: www.kpgroup.co
Investor Grievances/Compliance Officer: Saurabh Sharma
#19. K P Green Engineering Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. K P Green Engineering Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Farukbhai Gulambhai Patel |
| 02. | Hassan Faruk Patel |
K P Green Engineering IPO – Frequently Asked Questions (FAQs)
| #1. What is a K P Green Engineering IPO?
K P Green Engineering brings its IPO of Rs.189.50 crore, on March 15, 2024, with a price band of Rs.137 to Rs. 144 per share. |
| #2. What is the K P Green Engineering IPO Open date?
K P Green Engineering IPO’s opening date is March 15, 2024. |
| #3. What is the K P Green Engineering IPO Close Date?
K P Green Engineering IPO’s closing date is March 19, 2024. |
| #4. What is the K P Green Engineering IPO Listing date?
K P Green Engineering’s IPO listing date is March 22, 2024. |
| #5. What is the K P Green Engineering IPO Minimum investment amount?
K P Green Engineering IPO’s minimum investment amount is Rs. 1,44,000. |
| #6. What is the K P Green Engineering IPO offer issue Size?
K P Green Engineering offers an issue size of Rs.189.50 crore. |
| #7. What is the K P Green Engineering IPO Price Band?
K P Green Engineering’s IPO price band is Rs.137 to 144 per share. |
| #8. Is K P Green Engineering IPO mainboard IPO or SME IPO?
K P Green Engineering IPO is an SME IPO. |
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