KP Green Engineering IPO GMP, Allotment Date, Status, ipo.bigshareonline.com

KPO Green Engineering IPO GMP is going to start its subscription on 15th March and end on 19th March 2024. At present the company is a highly well-known brand in the market. 

KP Green Engineering IPO GMP 

The KP Green Engineering IPO is a book-built issue of Rs 189.50 Cr. The issue is fully a new issue of 131.6 Lakh shares. 

The allotment for the KP Green Engineering IPO is expected to be finalized on Wednesday 20th March 2024. The IPO of this firm will list on BSE SME with a tentative listing date fixed as 22nd March 2024, which means Friday. 

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KP Green Engineering IPO GMP Timeline 

IPO Open Date  15th March 2024, Friday 
IPO Close Date  19th March 2024, Tuesday 
Allotment Basis  20th March 2024, Wednesday 
Initiating Refunds  21st March 2024, Thursday 
Credit of Shares to Demat  21st March 2024, Thursday 
Listing Date  22nd March 2024, Friday 
Cut-off time for UPI mandate confirmation 5 pm on 19th March 2024

KP Green Engineering IPO Details 

KP Green Engineering IPO GMP 

Face Value  Rs 5 per share 
Price Band  Rs 137 – Rs 144 per share 
Lot Size  1000 shares 
Total Issue Size  13,160,000 shares (aggregating up to Rs 189.50 crore)
Fresh Based Issue  13,160,000 shares (aggregating up to Rs 189.50 Crore)
Issuing Type  Book Built Issue IPO
Listing At  BSE SME 
Shareholding Pre Issue  36,840,000
Shareholding Post Issue  50,000,000
Market Maker Portion  658,000 shares 

KP Green Engineering IPO Lot Size 

The below given table shows the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application  Lots  Shares  Amount 
Retail Max 1 1000 Rs 144,000
Retail Min 1 1000 Rs 144,000
HNI Min 2 2000 Rs 288,000

KP Green Engineering IPO GMP Reservation 

Investor Classification  Shares Provided 
Retail Shares Offered  No lower than 35% of the net issue 
QIB Shares Offered  Not higher than 50% of the net issue 
NII (HNI) Shares Facilitated  No less than 15% of the new issue 

KP Green Engineering IPO Promoter Holdings 

The names of the promoters of this firm are Mr. Hassan Faruk Patel and Dr. Faruk Bhai Gulambhi Patel. 

Shareholding Pre Issue  90.37%
Shareholding Post Issue  66.59%

KP Green Engineering IPO Allotment Date and Status:

Basis of allotment for KP Green Engineering IPO will take place on March 20, 2024, Once it is released officially, an individual will be able to check it by going through the step-by-step.

  • First go to the official website of BigShare Pvt Ltd, which can be accessible at https://ipo.bigshareonline.com/ 
  • After that, you need to select the name of the company in the company selection option.
  • Then enter your Application Number, PAN Number, or DP Client ID (Anyone) in the selection type box. 
  • After that, put the captcha which is given in the form of numbers.
  • Now finally click the search button.
  • After clicking the search button your allotment status will appear on your screen. 

As per various sources, the allotment status of KP Green Engineering IPO is expected on computer from 20th March.  

KP Green Engineering IPO Objectives 

  • To finance the capital expenditure for setting up the new manufacturing unit to expand its present production capabilities and expand the current product portfolio. 
  • General corporate objectives. 

KP Green Engineering IPO Reviews 

  • The company is a solar power generating firm concentrated on facilitating solar power both as an independent power producer under the brand name of solarism and as a captive power producer. 
  • They also develop, transfer, operate and maintain grid-associated solar power projects for CPP-based consumers and generate revenue by selling their various projects to third parties for their captive use needs. 

Apply or Not for KP Green Engineering IPO?

  • In my opinion, you should definitely apply for this IPO because this company is always focused on providing the best service and products to users which are based on electricity and solar power. 
  • The second reason is that companies always maintain strong financial stability in their business. This means that the investment which is made by investors remains safe in the company for a long duration. 

In conclusion, the firm deals with a wide range of services and products. The main aim of this company is to supply maximum electricity to all kinds of customers as per their requirements. 

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