KP Green Engineering IPO: Issue booked 3.9 times on day 2 so far; check GMP, subscription status, other key details

livemint.com:

₹189.50 crore KP Green Engineering IPO has been oversubscribed heavily led by retail investors. KP Green IPO is an SME IPO that opened for bidding on March 15 and will close on March 19. Today is the second day of bidding for KP Green Engineering IPO.

Let us check the KP Green Engineering IPO subscription status, GMP today and other key details: KP Green Engineering IPO has been subscribed 3.90 times so far on Monday, March 18, the second day of the bidding process. The public issue received bids for 3.43 crore equity shares as against 87.52 lakh shares on the offer, as per data available till 1:00 pm. The IPO has been subscribed 4.80 times in the retail category, 1.76 times in the Qualified Institutional Buyers (QIB), and 4.67 times in the Non-Institutional Investors (NII) category so far.

Also Read: Naman In-Store (India) IPO: Price band, issue size, other key details to know KP Green Engineering IPO GMP today, or grey market premium today, has dropped to ₹38 per share, as per stock market observers. This indicates that the shares of KP Green Engineering Ltd are trading at a premium of 26.39% at ₹182 apiece in the grey market as against their IPO price of ₹144. KP Green Engineering IPO opened for public subscription on March 15 and will close on March 19.

The IPO allotment is expected to be finalised on March 20. The company’s shares will be listed on BSE SME with a tentative listing date fixed as March 22. KP Green Engineering IPO price band has been set at ₹137 to ₹144 per share.