KP Green Engineering Limited IPO: Check IPOs Dates, Info and Allotment Status

KP Green Engineering Limited is poised to make its debut in the public market with its Initial Public Offering (IPO) scheduled from March 15, 2024, to March 19, 2024. This event is a significant milestone for the company, showcasing its commitment to green engineering solutions and sustainable growth. Here, we present a detailed overview of the IPO, company insights, and investment potential.

Key IPO Details

• IPO Date: March 15, 2024, to March 19, 2024
• Listing Date: March 22, 2024
• 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

About KP Green Engineering Limited

Founded in July 2001, KP Green Engineering Limited is at the forefront of manufacturing fabricated and hot-dip galvanized steel products. Their portfolio includes a range of structures and solutions vital for the infrastructure sector, such as Lattice Towers, Substation Structures, and Solar Module Mounting Structures. With a focus on providing end-to-end solutions, the company boasts in-house fabrication and Hot Dip Galvanizing facilities, ensuring high-quality, custom-made products for their clients. Located in Vadodara, Gujarat, their ISO 9001:2015 certified manufacturing facility is a testament to their commitment to quality and sustainability.

Financial Highlights

KP Green Engineering's financials reflect its solid market position and operational efficiency:

• Assets: ₹13,635.62 Lakh (as of Sep 30, 2023)
• Revenue: ₹10,413.64 Lakh (FY ending Mar 31, 2023)
• Profit After Tax: ₹1,126.64 Lakh (FY ending Mar 31, 2023)

These numbers indicate a healthy financial status, supported by a consistent growth trajectory and a strong focus on innovation and quality.

IPO Objectives

The proceeds from the IPO are earmarked for significant objectives, including the expansion of production capabilities through a new manufacturing unit and broadening the current product portfolio. A portion of the funds will also be allocated for general corporate purposes, setting the stage for KP Green Engineering's future growth and development.

Investment Potential

The KP Green Engineering IPO presents a unique opportunity for investors to engage with a company dedicated to green engineering solutions. With a robust financial foundation, a clear growth strategy, and a commitment to sustainability, KP Green Engineering is well-positioned for future success. Investors looking to contribute to a greener future while seeking potential returns should consider this IPO.

In conclusion, the KP Green Engineering IPO is not just an investment opportunity; it's a chance to be part of a sustainable future. With its solid financials, strategic growth objectives, and commitment to quality and sustainability, KP Green Engineering is gearing up for a promising journey ahead in the public domain.