KP Green Engineering IPO: Top Things to Know Before Subscribing to The Issue

KP Green Engineering has opened its initial public offer (IPO) for subscription on March 15, 2024. The company will close the issue on March 20, 2024. The company has set the price band at Rs 137 to Rs 144 per share. The IPO lot size is 1,000 shares, and retail investors must invest a minimum amount of Rs 1,44,000.

About the Company

The company manufactures fabricated and hot-dip galvanized steel products, including Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, and Beam Crash Barriers in its portfolio.

Price Band

The company has set the price band at Rs 137 to Rs 144 per share.

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Issue Size

The IPO lot size is 1,000 shares, and retail investors must invest a minimum amount of Rs 1,44,000.

IPO Reserve Portion

• Qualified Institutional Buyers (QIB): 50% of the net issue
• Retail Investors: Not less than 35% of the issue
• Non-Institutional Investors (NII): 15% of the offer

Company Financials

Objectives of the Issue

The company stated that it will utilize the net proceeds from the IPO to finance capital expenditure for setting up a new manufacturing unit, expanding the current product portfolio, and covering general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.