KP Green Engineering Limited IPO

Price
₹137 - ₹144
Lot
1000
Subs.
29.5
Expected Listing Earning

Exp. Premium(GMP):
50.00(34.72%)
IPO Details

Open Date: 15-Mar-2024
Close Date: 19-Mar-2024
Allotment Date: 20-Mar-2024
Listing Date: 22-Mar-2024
Listing Price: N/A
Face Value: ₹5 Per Equity Share
Issue Price: ₹137-144 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹144,000 : HNI - ₹288,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved2,500,0001,876,0004,376,0008,752,000
Day 1 - 15-03-24 
05:00 PM
1.69x1.32x1.96x1.75x
Day 2 - 18-03-24 
05:00 PM
1.97x7.24x8.15x6.19x
Day 3 - 19-03-24 
05:00 PM
31.86x48.23x20.12x29.50x
Total No. of Application:104,138 (Approx.)
Retail Subscription on the basis of Apps:23.80x
Valuations

Earning Per Share(EPS)3.36/-
P/E Ratio42.8
RoNW25.51%
Net Asset Value (NAV) - Post Issue:9.18/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,202313,635.6210,413.641,126.64
31 Mar,20239,506.6511,478.501,239.45
Promoter(s)

Pre Issue Share Holding90.37%
Post Issue Share Holding66.59%
Company Promoter(s)
1. Dr. Farukbhai Gulambhai Patel
2. Mr. Hassan Faruk Patel.
Issue Objective(s)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Part finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities and expand the current product portfolio. 
  2. General Corporate Purposes.
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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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