KP Green Engineering IPO allotment: Check status, listing date, GMP and other details

The allotment for the SME IPO of KP Green Engineering will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of KP Green Engineering IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Bigshare Services website


Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

KP Green Engineering GMP

In the unlisted market, the company's shares have a GMP of Rs 40 in the unlisted market. The company has priced the offer at Rs 144 and the tentative listing date is set as March 22.

The IPO received decent response from investors with an overall subscription of over 20 times at close.

The issue is entirely a fresh equity sale of 1.31 crore shares and through the offer, it plans to raise Rs 189 crore.

The net proceeds from the public offer will be used for part financing the capital expenditure, general corporate purposes and issue expenses.

Also Read: Krystal Integrated Services IPO allotment: Here's how you can check status

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.

India is the world’s second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23. India’s steel production is estimated to grow 4-7% to 123-127 MT in FY24.

For the period ended September 2023, the company clocked revenues of Rs 74 crore and net profit of Rs 8.55 crore.

Beeline Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.

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