Shares of SME Initial Public Offering of KP Green Engineering Limited have listed at a premium of 38.89% on the BSE SME platform
MUMBAI, Mar 22 (The CONNECT) – Shares of SME Initial Public Offering of KP Green Engineering Limited have listed at a premium of 38.89% on the BSE SME platform. 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 thanked the investors you for their “invaluable participation” in the company’s growth. The issue was subscribed 27.51 times.
The Market Capitalization of the Company at today’s closing price stood at Rs. 1050 Crore as per BSE SME.
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.
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.
