KP Green Engineering Limited IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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KP Green Engineering Limited Limited IPO GMP

The KP Green Engineering IPO amounts to Rs 189.50 crores and comprises solely of a fresh issue of 131.6 lakh shares.

The subscription for the KP Green Engineering IPO commenced on March 15, 2024, and will conclude on March 19, 2024. Allotment for the IPO is anticipated to be confirmed by Wednesday, March 20, 2024. The KP Green Engineering IPO is scheduled to be listed on BSE SME, with a provisional listing date set for Friday, March 22, 2024.

The IPO price range for KP Green Engineering is between ₹137 and ₹144 per share, with a minimum lot size of 1000 shares. Retail investors need to invest a minimum of ₹144,000, while High Net Worth Individuals (HNIs) need to invest at least ₹288,000, which equals 2 lots or 2000 shares.

Objective: -

The Offer comprises a Fresh Issue of up to ~ 13160000 Equity Shares, aggregating up to ₹ 189.5 crore by Company.

The Issue Proceeds will be utilized:

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