Mumbai, 22nd March 224 (GNI): Shares of SME Initial Public Offering of KP Green Engineering Limited makes an impressive debut on the BSE SME Platform.
The scrip listed Rs 200 per share on BSE SME at a premium of 38.89%. The company’s share price closed at Rs 210 per share a 45.83% premium.
As per BSE SME, the total quantity traded stood at 46.44 lakh shares. Total Turnover on BSE SME on Day 1 stood at Rs 94.42 crore.
Dr. Farukbhai Patel, Chairperson, KP Green Engineering Limited, says “Celebrating a significant milestone, we extend our heartfelt gratitude to all our esteemed investors for their unwavering support and trust as we list our shares on the exchange. Your belief in our vision fuels our determination to reach greater heights together. Thank you for your invaluable participation in the growth journey of KP Green Engineering.”
The Market Capitalization of the Company at today’s closing price stood at Rs. 1050 Crore as per BSE SME.
The SME Initial Public Offering of KP Green Engineering Limited was subscribed 27.51 times on the final day of bidding. Non-Institutional Investors Portion and Qualified Institutional Buyer Portion was subscribed 35.96 times and 31.86 times respectively, whereas Retail Portion was subscribed 20.12 times.
Beeline Capital Advisors Private Limited is the sole book-running lead manager. The equity shares are proposed to be listed on the BSE SME Platform.
KP Green Engineering Limited, a flagship company of KP Group, established by Dr. Farukbhai Gulambhai Patel, -. in 1994, KP Group has completed more than 25 years of its successful operations. The company has more than 30+ entities in its fold throughout India for organizational growth. KP Group also has more than 15+ years of experience in renewable energy sector.
Founded in 2001, the company specialized in manufacturing hot-dip galvanized steel items. Its extensive product range includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, beam crash barriers, and other infrastructure solutions. Additionally, it offers Fault Rectification Services (FRT) for optical fiber cables, galvanizing job work, and solar installation services.
With in-house fabrication and hot dip galvanizing facilities, KP Green Engineering offers one stop solutions of engineering, designing, galvanization, and deployment processes seamlessly with focused approach on renewable energy segment. Currently it operates from its manufacturing facility at Dabhasa, Vadodara, Gujarat, spread across 2lac sq. ft and has an installed capacity of 53,000MT per annum.
It plans to expand its existing product portfolio such as High Masts, Floor Gratings, Pre-Engineered Buildings and Heavy Fabrications along with existing product portfolio and establish a manufacturing facility at Matar, Bharuch with an installed capacity of 294,000 MT per annum.
KP Green Engineering Limited is also recognized by GETCO (Gujarat Energy Transmission Corporation Limited) and MSETCL (Maharashtra State Electricity Transmission Company) and currently caters to requirements up to 400 Kw and 220 Kw, respectively.ends GNI
Be the first to comment on "KP Green Engineering makes an impressive debut, issue sees a trade closure at 45% premium"