KP Green Engineering Limited IPO Review

KP Green Engineering Limited IPO Review

KP Green Engineering is coming up with an IPO worth INR 189.50 crores, consisting of a fresh issue of 1.31 crore shares. The company plans to use the funds raised for a new manufacturing unit. 

KP Green Engineering IPO – Important Details

KP Green Engineering IPO DateMarch 15, 2024 to March 19, 2024
KP Green Engineering IPO Listing DateMarch 22, 2024
KP Green Engineering IPO PriceINR 137 to 144 per share
KP Green Engineering IPO Lot Size1000 Shares
KP Green Engineering IPO Total Issue SizeINR 189.50 crores
KP Green Engineering IPO Basis of AllotmentMarch 20, 2024
KP Green Engineering IPO Initiation of RefundsMarch 21, 2024
KP Green Engineering IPO Credit of Shares to DematMarch 21, 2024
KP Green Engineering IPO Issue TypeBook Built Issue IPO
KP Green Engineering IPO Listing AtBSE SME

KP Green Engineering Ltd IPO – Company Profile

Incorporated in 2001, the company manufactures fabricated and hot-dip galvanized steel products. The 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. The company operates through a manufacturing facility located at Dabhasa, Vadodara, Gujarat.

The company is a part of Gujarat-based KP Group, promoted and founded by Dr. Farukbhai Gulambhai Patel. Since 1994, KP Group has completed more than 25 years of successful operations. KP Group consists of more than 30 companies across India, all playing vital roles in the robust growth of the organization. 

KP Group has achieved its growth through diversification into various sectors including fabrication and galvanizing, renewable energy sector (Solar & Wind), Telecom Infrastructure (Telecom Towers and OFC Network set up), and Green Hydrogen and Ammonia showcasing its commitment to sustainable and innovative solutions. 

KP Green Engineering Limited IPO  – Fundamental Analysis

KP Green Engineering Limited’s IPO showcases strong revenue growth, notable profitability improvements, and robust financial health, despite some EPS fluctuation and increased leverage, indicating a potentially lucrative investment in its industry with promising growth prospects.

Revenue Growth:

The company has shown a consistent