Business Standard

KP Green Engineering Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

189.50 cr

Price Range (₹)

144

Lot Size

1000

Min Investment (₹)

1,44,000.00

Listing Exchange

BSE - SME

Open Date

15-Mar-2024

Close Date

19-Mar-2024

Listing Date

22-Mar-2024

KP Green Engineering Ltd News

    The Shares of KP Green Engineering Ltd have now been listed.

    KP Green Engineering Ltd IPO Details

    Initial public issue of 13160000 equity shares of face value of Rs. 5/- each of KP Green Engineering Limited (KPGEL or the Company or the Issuer) for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 139/- per equity share (the Issue Price) aggregating to Rs. 189.50 crores (The Issue), of which 658000 equity shares of face value of Rs. 5/- each for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 139/- per equity share aggregating to Rs. 9.48 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 12502000 equity shares of face value of Rs. 5/- each at a price of Rs. 144/- per equity share including a share premium of Rs. 139/- per equity share aggregating to Rs. 180.02 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.32% and 25.00 %, respectively, of the post issue paid up equity share capital of the company. Issue Price Rs. 144 per equity share of face value Rs. 5 each.The issue price is 28.80 times of the face value

    Objective of issue

    Part finance the capital expenditure towards setting up of a new mfg unit to expand its current production capabilities as well as expanding its current product portfolio. General corporate purposes.

    KP Green Engineering Ltd Contact Details

    KP Green Engineering Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@kpgroup.co

    Website - www.kpgreenengineering.com