KP Green Engineering IPO: Know complete details including Date, Price, GMP, Allotment, Listing!
Steel products manufacturing company KP Green Engineering is launching its IPO on March 15, and you can invest till March 19. The price of each share will be between Rs 137 and Rs 144. Stay tuned because, in this article, we will dive into all you need to know about KP Green Engineering’s IPO, including its GMP, price range, lot size, allotment process, listing details, and reviews.
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KP Green Engineering IPO Details
If you are also thinking of investing money in an IPO, then this is useful news for you. KP Green Engineering IPO will open for subscription on Friday, March 15, 2024, and investors can invest till Tuesday, March 19, 2024. Along with this, Enfuse Solutions IPO will also be open from 15 to 19 March.
KP Green Engineering IPO is a book-built issue of Rs 189.50 crore. This issue is a completely fresh issue of 131.6 lakh shares.
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| 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 |
__________KP Green Engineering IPO Details
KP Green Engineering IPO Price
The price band of KP Green Engineering IPO has been fixed at Rs 137 to Rs 144 per share. KP Green Engineering is an SME IPO. The face value of KP Green Engineering shares is Rs 5 per share.
KP Green Engineering IPO Price
The lot size of KP Green Engineering IPO is 1000 shares and investors can bid in multiples thereof. Retail investors will have to invest at least Rs 144,000 in this IPO. Whereas for HNI the minimum lot size investment is 2 lots, which amounts to Rs 288,000.
| 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 Price
KP Green Engineering IPO Allotment
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the KP Green Engineering IPO, while BigShare Services Pvt Ltd is the registrar of the issue. The market maker for the KP Green Engineering IPO is Spread X Securities.
| 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 |
__________KP Green Engineering IPO Allotment
KP Green Engineering IPO Listing
KP Green Engineering IPO will be listed on BSE and SME. The listing date of the IPO has been fixed for Friday, March 22, 2024. Along with this, Royal Sense IPO is also going to be listed on the 15th.
KP Green Engineering IPO GMP
KP Green Engineering’s IPO is trading at a premium of ₹25 in the gray market today, Investor Gain reports. That means investors can make a profit of 117% on the very first day and accordingly the IPO can be listed at Rs 169.
More About KP Green Engineering Ltd.
KP Green Engineering Ltd was started 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 tower structures, Substation Structures, Solar Module Mounting Structures, Cable Trays, and Earthing Strips.
The company will use the funds raised from the IPO to expand existing production capacities, set up a manufacturing unit to expand the current product portfolio and meet general corporate objectives.
Disclaimer
We are not financial advisors, but here’s a friendly tip: The information provided here is not investment advice. If you’re thinking about getting into the stock market, it’s always a good idea to talk to your financial advisor first. They’ve got your help!
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