KP Green Engineering IPO price band set at ₹137 - 144 per share; check GMP, issue dates, other key details of SME IPO
₹6.44 crore in 2016, and KPI Global Infrastructure Ltd, which raised ₹39.94 crore in 2019. KP Green Engineering IPO is an SME IPO that will open for subscription on March 15 and close on March 19. The IPO allotment is expected to be finalized on March 20.
The company’s shares will be listed on BSE SME with a tentative listing date fixed as March 22. Read here: KP Green Engineering files IPO papers with SEBI, to list with BSE SME The company plans to raise ₹189.50 crore from the primary market through the book-built issue that comprises entirely a fresh issue of 1.31 crore equity shares. KP Green Engineering IPO price band has been set at ₹137 to ₹144 per share.
The IPO lot size is 1,000 shares and the minimum investment amount required by retail investors is ₹144,000. The company proposes to utilise the fresh issue proceeds to part finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities and expand the current product portfolio and for general corporate purposes. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the KP Green Engineering IPO, while Bigshare Services Pvt Ltd is the IPO registrar.
The company has reserved 50% of the net issue for the Qualified Institutional Buyers (QIB) category, not less than 35% for the Retail Investors category, and the remaining 15% of the offer is reserved for the Non-Institutional Investors (NII) category. Also Read: Gopal Snacks IPO: GMP, subscription status, review to allotment date. Apply or not? KP Green Engineering IPO GMP today, or grey market premium today, is ₹80 per share, as per stock market observers.
Read more on livemint.com
