K P Green IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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What is the business of K P Green?

Incorporated in 2001, the company manufactures fabricated and hot-dip galvanized steel products. Its diverse range of products includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers and other infrastructure solution products aligning with its motto “A Company to Solve the Difficulties”. It provides in-house fabrication and Hot Dip Galvanizing facilities enabling tailormade solutions to its clients and end-to-end solutions by carrying out engineering, designing, fabrication, galvanization, and deployment.
The company is an accredited vendor with GETCO (Gujarat Energy Transmission Corporation Limited) and MSETCL (Maharashtra State Electricity Transmission Company) for upto 400 Kw and 220 Kw, respectively. The company operates through our manufacturing facility located at Dabhasa, Vadodara – 391440, Gujarat, spread across an area of 200,000 sq. ft., fully equipped with CNC machinery and equipment. We are ISO 9001:2015 certified company, demonstrating its capabilities to delivers quality products and services to its end users, having direct relationship with reputation, customer satisfaction and long-term success. It has in-house, well equipped quality control laboratory (for
pre and post-production quality checks) to meet the demanding needs of its diversified customers. It has achieved a strong and stable market position through a continued focus on evolving technologies, quality control and customer service. 

Apart from above it also provides Fault Rectification Services (FRT) w.r.t. Optical Fiber Cables to various telecom operators, Job work for galvanizing and Solar Installation services as part of its service portfolio. The company is further planning to expand into its existing line of business along with addition of new products to its portfolio at its new manufacturing plant proposed to be set up at Matar, Bharuch. The new facility will have a capacity of more than 2,90,000 MT, a substantial increase from its current capacity of 53,000 MT at our existing plant. In addition to its product offerings, the company is planning to introduce new line of products including High Masts, Floor Gratings, Pre-Engineered Buildings and Heavy Fabrications to meet evolving market demands.

Get more information about the company @ https://www.kpgreenengineering.com/

Who are the Promoters of K P Green IPO?
The promoters of the company are Dr. Farukbhai Gulambhai Patel and Mr. Hassan Faruk Patel.

What are the Objects of K P Green IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

Purchase of Machinery.
To Meet Working Capital Requirements.
General Corporate Purpose.

K P Green IPO To the point Guidance
KP Green manufactures fabricated and hot-dip galvanized steel products. Its diverse range of products includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers and other infrastructure solution products aligning with its motto “A Company to Solve the Difficulties”. years, it has successfully executed more than 12 projects with our major completed projects quantifying to approximately Rs. 13,184.10 Lakhs. As at February 23, 2024, it has 8 major on-going projects.The company is an accredited vendor with GETCO (Gujarat Energy Transmission Corporation Limited) and MSETCL (Maharashtra State Electricity Transmission Company) for upto 400 Kw and 220 Kw, respectively.
Size:  The net size of the IPO is Rs. 180.00 Cr comprising of 12502000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is very large, and looking to recent developments, huge oversubscription not be possible. With 4375 applications, the retail portion can get oversubscribed one time, which is a bit difficult under the changed market mood. The HNI portion is just Rs. 27.00 Cr, so huge oversubscription appears to be difficult.
Financial Snapshot: The company has reasonably good business. The profits of 2022-23 have shot up to Rs. 12.40 Cr, from Rs. 1.58 Cr in the year 2020-21. Such rise raises eyebrows. The shares are offered at somewhat higher valuation (PE 41.62) compared to the peers (PE of 30), who have much higher topline. Though premium rates are seen, we are not sure of much listing gains. Not attractive

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K P Green IPO GMP Detail IPO GMP today details?

K P Green IPO

K P Green IPO FAQs

What is K P Green IPO?
K P Green IPO is a SME IPO of 13160000 equity shares of the face value of Rs. 5 aggregating up to Rs.189.50 Crores. The issue is priced at Rs.137-144 per share. The minimum order quantity is 1000 Shares.

When will K P Green IPO open?
K P Green IPO opens on March 15, 2024, and closes on March 19, 2024.

What is the lot size of K P Green IPO?
K P Green IPO lot size is 1000 Shares, and the minimum amount required is Rs.144000.

How to apply for K P Green IPO?
You can apply in K P Green IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is K P Green IPO allotment?
The finalization of Basis of Allotment for K P Green IPO will be done on March 20, 2024, and the allotted shares will be credited to your demat account by March 21, 2024.

When is K P Green IPO listing date?
K P Green IPO listing date is March 22, 2024.