KP Green Engineering was incorporated on July 10, 2001. The company manufactures fabricated and hot-dip galvanized steel products. Its diverse range of products includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, beam crash barriers, and other infrastructure solution products.
| Bidding Dates |
|---|
| 15 Mar 2024 - 19 Mar 2024 |
| Subscription |
|---|
| 27.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,37,000 | 1 | 1 | 1000 | 13.2 M | ₹137 - ₹144 | 66.59 % | ₹1802.9 M - ₹1895.0 M | RHP DOC |
KP Green Engineering IPO SUBSCRIPTION STATUS
19 Mar '24KP Green Engineering IPO overall subscription rate was 27.51 times the total available shares
KP Green Engineering IPO retail subscription rate was 20.12 times in the retail segment
KP Green Engineering IPO non-institutional investor subscription rate was 35.96 times in the non-institutional investor category
KP Green Engineering IPO Qualified Institutional Bidder subscription rate was 31.86 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Mar 2024 (Day 3) | 20.12x | 35.96x | 31.86x |
18 Mar 2024 (Day 2) | 8.15x | 5.62x | 1.97x |
15 Mar 2024 (Day 1) | 1.96x | 0.98x | 1.69x |
KP Green Engineering FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 112.7 | 1,039.3 | -190.0 | -238.4 | 16.8% |
| FY23 | 124.0 | 1,142.1 | 124.1 | 70.1 | 18.1% |
| FY22 | 45.4 | 777.0 | 39.7 | 19.3 | 11.5% |
| FY21 | 15.8 | 386.1 | -31.4 | -74.1 | 13.5% |
KP Green Engineering IPO SUBSCRIPTION STATUS DETAILS
KP Green Engineering had 13.2 M shares on offer
KP Green Engineering IPO offer price was in the range ₹137 - ₹144
KP Green Engineering IPO minimum Investment was ₹137000
KP Green Engineering IPO issue size was ₹ 1802.9 M - ₹ 1895.0 M
KP Green Engineering had a minimum lot size of 1000 Shares per application
KP Green Engineering NUMBER OF SHARES ON OFFER
KP Green Engineering IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2024 |
| Issue close Date | 19 Mar 2024 |
| Allotment Date | 20 Mar 2024 |
| Refund Date | 21 Mar 2024 |
| Demat Account Credit Date | 21 Mar 2024 |
| Listing Date | 22 Mar 2024 |
| Listing on Exchange(s) | BSE |
| KP Green Engineering Allotment Status | Exchange |
KP Green Engineering IPO subscription opened on 15 Mar 2024, and closed on 19 Mar 2024
IPO allotment for KP Green Engineering was finalized on Wednesday, 20 Mar 2024
IPO listing for KP Green Engineering was on BSE on Friday, 22 Mar 2024
KP Green Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 144.0 |
| Listing Open Price | 200.0 |
| Listing Close Price | 210.0 |
| Listing Gain% | 38.9% |
| Current Gain% | 132.4% |
KP Green Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KP Green Engineering Ltd. | 334.6 | 1673.2 | 12.3 | 0.1 | 1.3 | 29.7 | 8.6 | 1249.9 | 78 | 135.7 | 84.7 | 27.1 | 84.7 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
KP Green Engineering INFORMATION ON IPO ISSUE
About KP Green Engineering
KP Green Engineering was incorporated on July 10, 2001. The company manufactures fabricated and hot-dip galvanized steel products. Its diverse range of products includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, beam crash barriers, and other infrastructure solution products.
Object of the Issue
- Partly finance the capital expenditure towards setting up a new manufacturing unit to expand its current production capabilities as well as expanding our current product portfolio
- General corporate purposes
KP Green Engineering - PROMOTERS
| Name |
|---|
| Farukbhai Gulambhai Patel |
| Hassan Faruk Patel |
KP Green Engineering Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
KP Green Engineering Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
KP Green Engineering Strengths
Order book
As of December 31, 2023, the company has 69 projects in hand, with an aggregate order book value of approximately Rs 2,339.2 crore
Consistent financial performance
The company has demonstrated strong financial performance, with its total income growing at a CAGR of 72% from FY21 to FY23. Its profit has grown at a CAGR of 179.7%
KP Green Engineering Risks
Outstanding litigation
The company faces certain outstanding litigation; an adverse outcome may negatively affect the business, reputation, and results of operations
Dependent on few customers
The company depends on a few customers for sales. Loss of any of these large customers could impact its revenues and profitability
IPO FAQs
The promoters of the company are Farukbhai Gulambhai Patel and Hassan Faruk Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 137.0 - 144.0.
The IPO application opens on Mar 15, 2024 and closes on Mar 19, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 137,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Mar 20, 2024.
The refund will be credited to your account on Mar 21, 2024.
The allotted shares will be credited to your demat on Mar 21, 2024.
KP Green Engineering Ltd.’s shares listed on the stock exchanges on Mar 22, 2024.