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KP Green Engineering IPO
Price Band
₹137.0–144.0
Issue Size
₹189.5 Cr
Lot Size
1,000 shares
Min Investment
₹144,000
GMP
+₹50.0 (34.72%)
Issue Price
₹144.0
Subject to Sauda
₹38000
Paid only if allotted
KP Green Engineering IPO AI Summary
- KP Green Engineering IPO is listed on BSE SME in the Heavy Electrical Equipment sector.
- Price band: ₹137.0–₹144.0 per share, lot size 1,000 shares (min. investment ₹144,000).
- Subscription window: 15 Mar–19 Mar 2024, listing on 22 Mar 2024.
- Current GMP is +₹50.0 (34.72%), an estimated listing price of ₹194 — unofficial and can change daily.
KP Green Engineering Limited is entering the market with an IPO priced at ₹144.0, aiming to raise ₹189.5 Cr. The company's financials show a decrease in both total income and profit after tax in the latest period. With a GMP of ₹50.0, the market anticipates a potential listing gain of around 34.72%.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
KP Green Engineering IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
KP Green Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+34.72%
Est. Listing
₹194.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in July 2001, KP Green Engineering Limited is engaged in the manufacturing of fabricated and hot-dip galvanized steel products. The company's product portfolio includes Lattice Towers Structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, Beam Crash Barriers. The company offers end-to-end solutions by providing in-house fabrication and Hot Dip Galvanizing facilities for custom-made solutions. The company's manufacturing facility, located in Dabhasa, Vadodara, Gujarat, spans 200,000 sq. ft. and is fully equipped with CNC machinery and equipment. The company is ISO 9001:2015 certified, indicating its ability to provide high-quality products and services, which directly affects its reputation, customer satisfaction, and long-term success. As of September 30, 2023, the company has a total of 81 employees at its manufacturing facility and head office.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 136.36 | 95.07 |
| Total Income | 104.14 | 114.79 |
| Profit After Tax | 11.27 | 12.39 |
| Reserves and Surplus | 26.24 | 31.77 |
Key Ratios
EPS
₹3.36
NAV
₹12.32
ROE
29.24%
ROCE
23.05%
RoNW
25.51%
P/B Value
11.69
P/E Ratio
42.8
Market Cap
₹720.00 Cr
PAT Margin
10.84%
Debt/Equity
1.11
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Skipper Ltd | 74.8 | 4.26% | 30.2 | 3.19 |
| Salasar Techno Engineering Ltd | 12.67 | 10.03% | 30.23 | 1.32 |
| KP Green Engineering Limited This IPO | 9.18 | 25.51% | — | 3.14 |
Promoters
Farukbhai Gulambhai Patel and Hassan Faruk Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Part Finance the capital expenditure towards setting up of a new manufacturing unit to expand its current production capabilities as well as expanding our current product portfolio. 156.14 2 General Corporate Purposes 18.15
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹114.79 Cr for the period ending 31 Mar 2023, decreasing to ₹104.14 Cr by 30 Sep 2023. This indicates a decline in revenue over this period.
Profit Trend
Profit After Tax was ₹12.39 Cr for the period ending 31 Mar 2023, falling to ₹11.27 Cr by 30 Sep 2023. This shows a decrease in profit over the same timeframe.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading before the stock is listed on the exchange. A positive GMP suggests that the stock is likely to list at a higher price than its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to assess the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens on March 15, 2024, and closes on March 19, 2024. Allotment of shares is expected by March 20, 2024, with the listing date set for March 22, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors including market conditions, investor sentiment, and overall demand for the stock. While a positive GMP may suggest potential gains, it does not guarantee that the stock will perform well after listing.
This evaluation is generated from KP Green Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is KP Green Engineering IPO GMP today?
KP Green Engineering IPO GMP today is +₹50.0 (34.72%), indicating an estimated listing price of ₹194. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of KP Green Engineering IPO?
The price band of KP Green Engineering IPO is ₹137.0–₹144.0 per share.
When does KP Green Engineering IPO open and close?
KP Green Engineering IPO opens on 15 March 2024 and closes on 19 March 2024.
When does KP Green Engineering IPO list on the stock exchange?
KP Green Engineering IPO listed on 22 March 2024 at ₹194.0.
What is the lot size for KP Green Engineering IPO?
The lot size for KP Green Engineering IPO is 1000 shares, requiring a minimum investment of ₹144,000.
What is the issue price of KP Green Engineering's IPO?
The issue price is ₹144.0.
What is the minimum investment required?
The minimum investment required is ₹144,000.0.
What is the lot size for the IPO?
The lot size is 1000 shares.
When is the listing date for the shares?
The listing date is March 22, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Mar 2024
Close
19 Mar 2024
Allotment
20 Mar 2024
Listing
22 Mar 2024
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