KP Green Engineering IPO will open for subscription from 15 March 2024. The company aims for an issue size of ₹189.50 Cr through this IPO.
Company Overview
| Full name | KP Green Engineering Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | https://www.kpgreenengineering.com/ |
About Company
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.
The Objectives of the Issue
- Part finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities and expand the current product portfolio.
- General Corporate Purposes.
KP Green Engineering IPO Timetable
| IPO Opening date | 15 March 2024 |
| IPO Closing | 19 March 2024 |
| Basis of Allotment | 20 March 2024 |
| Initiation Refund | 21 March 2024 |
| Credit to Demat Account | 21 March 2024 |
| Listing Date | 22 March 2024 |
KP Green Engineering IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹189.50 Cr – 13,160,000 shares |
| Fresh Issue | ₹189.50 Cr – 13,160,000 shares |
| Offer for sale | Nil |
| Face value | ₹ per share |
| Price Band | ₹137 to ₹144 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 658,000 shares |
| Shareholding pre-issue | 36,840,000 |
| Shareholding post-issue | 50,000,000 |
| Listing Exchange | BSE SME |
KP Green Engineering 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 |
KP Green Engineering IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
KP Green Engineering Financial Performance
| 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 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 |
Company Promoters
- Dr. Farukbhai Gulambhai Patel
- Mr. Hassan Faruk Patel.
Promoter Holding
| Pre Issue Share Holding | 90.37% |
| Post Issue Share Holding | 66.59% |
KP Green Engineering IPO Lead Manager(s)
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: mb@beelinemb.com
Website: www.beelinemb.com
KP Green Engineering 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: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company 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: compliance@kpgroup.co
Website: www.kpgreenengineering.com
KP Green Engineering IPO Allotment Status
KP Green Engineering IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
KP Green Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
