KP GREEN ENGINEERING (BSE SME)
Mar 15, 2024 - Mar 19, 2024
| Price | ₹137 - ₹144 |
| Premium | ₹50 |
|---|---|
| Lot size | 1000 |
| Allotment | Mar 20, 2024 |
| Listing | Mar 22, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 144000 | 4376 |
| HNI | 2 | 2000 | 288000 | 1876 |
Last updated on 19 Mar 2024 | 05:56:22 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2500000 | 79648000 | 31.86 |
| HNIs | 1876000 | 91134000 | 48.58 |
| Retail | 4376000 | 88064000 | 20.12 |
| Total | 8752000 | 258846000 | 29.58 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.39 | @8% ₹10.73 | @9% ₹12.07 | @10% ₹13.42 | @11% ₹14.76 | @12% ₹16.1 |
Top 5 Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| BOFA SECURITIES EUROPE SA - ODI | 416000 | 11.09% | 5.99 |
| NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND | 278000 | 7.41% | 4.00 |
| LC RADIANCE FUND VCC | 277000 | 7.39% | 3.99 |
| FINAVENUE CAPITAL TRUST -FINAVENUE GROWTH FUND | 209000 | 5.57% | 3.01 |
| NOVA GLOBAL OPPORTUNITIES FUND PCC - TOUCHSTONE | 209000 | 5.57% | 3.01 |
| Total | 1389000 | 37.03% | 20.00 |
IPO RESERVATION
| Investor Category | Shares Offered | No. of Shares | available lots |
|---|---|---|---|
| Retail | 33.25% | 4376000 | 4376 |
| NII (HNI) | 14.26% | 1876000 | 1876 |
| ANCHOR | 28.49% | 3750000 | |
| QIB | 19.00% | 2500000 | |
| Market Maker | 5.00% | 658000 | |
| Total | 100% | 13160000 |
KP Green Engineering Limited is a pioneering force in the engineering and steel structure manufacturing sector, boasting a state-of-the-art facility spanning over 2+ lakhs sq. ft. of factory area, with an additional upcoming unit in Matar, Bharuch, slated for full operation by 2024-25, adding a capacity of 1.20 lakhs sq. mtr of factory area. Equipped with cutting-edge machinery for drilling, welding, laser cutting, plasma operations, high-speed solar machines, and W/Thrie beam manufacturing, alongside a hot-dip galvanizing facility, KP Green Engineering stands as a beacon of excellence in the industry. With a stronghold in transmission, telecom, and solar industries, as well as highway crash barriers, the company is now expanding its reach into infrastructure segments such as bridges, railway structures, and high masts, driven by its commitment to support India's renewable and infrastructure development initiatives through its robust capacity and capabilities.
IPO Details
| Issue Size | 13160000 Equity Shares aggregating to ₹ [189.50 cr] |
| Fresh Issue | 13160000 Equity Shares aggregating to ₹ [189.50 cr] |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 36840000 Equity Shares |
| Share holding post issue | 5,00,00,000 Equity Shares |
| Market Maker portion | 6,58,000 Equity Shares Spread X securities |
KEY PERFORMENCE INDICATORS
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 29.24% | 46.43% | 24.93% |
| ROCE | 23.05% | 42.48% | 21.01% |
| D/E | 1.11 | 0.54 | 0.98 |
| RONW | 25.51% | 37.68% | 22.17% |
| EPS (Basic & Diluted) | 3.14 | 3.46 | 1.27 |
| P/BV | 11.69 | ||
| P/E | 42.8 |
Company Financials
| Period | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 13,635.60 | 9,506.63 | 8,348.58 |
| Revenue | 10,413.64 | 11,478.50 | 7,770.16 |
| Profit | 1,126.64 | 1,239.60 | 454.46 |
| Net worth | 4,416.25 | 3,289.60 | 2,050.00 |
| Reserves | 2,624.25 | 3,177.60 | 1,938.00 |
| Borrowings | 4895.34 | 1768.1 | 2012.25 |
| Amount in lakhs | |||
Strength Factors
Founder-Led Company: KP Green Engineering Limited benefits from being led by its founder, which often indicates a strong vision, dedication, and a personal commitment to the company's success.
Highly Experienced and Professional Leadership Team: The company is supported by a leadership team with extensive industry experience and professionalism, providing strong direction and expertise in guiding the company's operations.
Execution Capabilities: KP Green Engineering Limited has demonstrated its ability to effectively execute projects, reflecting its operational efficiency, project management skills, and capability to deliver results in a timely manner.
Consistent Financial Performance: The Company has maintained consistent financial performance over time, showcasing its financial stability, prudent management practices, and ability to generate sustainable growth and returns.
Risk Factors
Litigation Risk: The Company faces potential adverse outcomes from outstanding litigation, which could have a detrimental impact on its business, reputation, and financial performance if not resolved favorably.
Regional Dependency Risk: KP Green Engineering's revenues heavily rely on operations within the geographical region of Gujarat. Any adverse developments in this region, such as regulatory changes, economic downturns, or natural disasters, could significantly affect the company's business, financial condition, and results of operations.
Customer Concentration Risk: The Company’s revenue streams are dependent on a limited number of customers. The loss of any major customer could lead to a decline in revenues and profitability, posing a significant risk to the company's financial stability and long-term viability.
Cash Flow Risk: KP Green Engineering experienced negative cash flow from operating activities in the recent financial year. Sustained negative cash flow could strain the company's liquidity, impeding its ability to meet financial obligations, invest in growth opportunities, and ultimately impact its business operations and financial performance negatively.
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