Kp Green Engineering Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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KP Green Engg.

CMP

649.10

+21.75 (3.47%)

  • DRHP
₹144

Offer Price

₹ 189.50 Cr

Issue Size

₹ 1,44,000

Min Investment

1,000

Lot size

Time Line

  • 15
    Mar 2024
    Open
  • 19
    Mar 2024
    Close
  • 20
    Mar 2024
    Finalisation of Basis of Allotment
  • 21
    Mar 2024
    Initiation of Refunds
  • 21
    Mar 2024
    Transfer of Shares to Demat Account
  • 22
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Setting up a manufacturing unit to diversify its business operations.

  • Enhance operational controls to ensure timely completion of Service.

  • Leveraging its market skills and relationship.

  • Maintaining edge over competitors.

  • Optimal Utilization of Resources.

Products & Services

  • The Company manufactures fabricated and hot-dip galvanized steel products.

Strengths

  • Founder led company supported by a highly experienced and professional leadership team.

  • Itd Execution Capabilities.

  • Consistent Financial Performance.

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • A significant portion of its revenue from for the period ended September 30, 2023 and for the financial year ended on March 31, 2023, 2022 and 2021 is attributable to the Sale of Products for various solutions. Any adverse changes in the Infrastructure Industry could adversely impact its business, results of operations and financial conditions.

  • Its revenues are highly dependent on the company`s operations in geographical region of state of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

Company Promoters

Promoters Holding

Issue For IPO
20.90%
Pre Holding

79.42%

Post Holding

58.52%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 77.70 (-) 114.21 (47.00%) 37.68 (-)
Gross Profit 77.70 (-) 114.21 (47.00%) 37.68 (-)
Net Income 77.70 (-) 114.21 (47.00%) 37.68 (-)
Assets 77.70 (-) 114.21 (47.00%) 37.68 (-)
Liabilities 77.70 (-) 114.21 (47.00%) 37.68 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
KP Green Engineering Ltd 114.21 12.12 51.00 18.32 37.68 0.00 291.81 1.63 0.35
Salasar Techno Engineering Ltd 1,004.90 40.17 914.15 914.15 10.02 1.33 12.70 4.39 0.68
Skipper Ltd 1,980.30 35.57 2,222.64 2,222.64 4.63 3.46 74.75 1.60 0.63

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

KP House Near Bliss IVF Circle,
Canal Road Bhatar,
Surat - 395017
Phone : 0261 2244 757 Email : compliance@kpgroup.co www.kpgreenengineering.com

Offer Related Information

Initial public issue of 13160000 equity shares of face value of Rs. 5/- each of KP Green Engineering Limited ("KPGEL" or the "Company" or the "Issuer") for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 139/- per equity share (the "Issue Price") aggregating to Rs. 189.50 crores ("The Issue"), of which 658000 equity shares of face value of Rs. 5/- each for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 139/- per equity share... More

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