KP Green Engineering IPO subscribed 22% so far on day 1. Check GMP, other details
The SME IPO of KP Green Engineering opened for subscription earlier today and will close on March 19. The company aims to raise about Rs 189 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
About KP Green Engineering
Incorporated in 2001, the company manufactures fabricated and hot-dip galvanized steel products. Its diverse range of products includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers and other infrastructure solution products.
KP Green Engineering IPO size
The IPO is entirely a fresh equity issue of 1.31 crore shares and through the issue, the company aims to raise Rs 189 crore. About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for NII investors.
KP Green Engineering IPO timeline
The IPO opens on March 15 and will close on March 19. The final allotment will likely be made on March 20. The company's shares will likely get listed on March 22.
KP Green Engineering IPO price band
The company is offering its shares at Rs 5 apiece, and investors can bid for 1,000 shares in 1 lot.
KP Green Engineering financials
For the period ended September 2023, the company clocked revenues of Rs 104 crore and net profit of Rs 11.26 crore.
KP Green Engineering IPO proceeds
The net proceeds from the public offer will be used for part financing the capital
Read more on economictimes.indiatimes.com
