KP Eco-friendly Engineering IPO: The initial public offering of KP Environment-friendly Design Ltd is established open for membership today (March 15). This marks the 3rd IPO from KP Group after KP Power raised 6.44 crore in 2016 and KPI Global Facilities Ltd elevated 39.94 crore in 2019. KP Environment-friendly Design IPO will certainly close on March 19 and the IPO quantity is anticipated to be settled on March 20. Shares of the company are likely to be noted on BSE SME on March 22.
KP Eco-friendly Engineering IPO information: Through the IPO, the firm plans to increase 189.50 crore. The book-built issue makes up totally a fresh issue of 1.31 crore equity shares. The business scheduled 50% of the net issue for the Certified Institutional Purchasers (QIB) classification and not less than 35% for the Retail Investors classification. The continuing to be 15% of the deal is reserved for Non-Institutional Financiers (NII) group.
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KP Eco-friendly Design IPO price band: The cost band has been evaluated 137 to 144 per share.
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KP Environment-friendly Engineering IPO whole lot dimension: The IPO lot dimension is 1,000 shares and the minimal financial investment quantity required by retail capitalists is 144,000.
KP Green Engineering IPO objectives: Internet profits from the IPO will certainly be used by the company to finance the capital expenditure towards setting up a brand-new production unit, increase the existing product portfolio and basic company functions, it claimed.
KP Environment-friendly Design IPO registrar: Beeline Resources Advisors Pvt Ltd is the book-running lead manager of the IPO. Bigshare Providers Pvt Ltd is the registrar of the IPO.
KP Environment-friendly Design IPO GMP: KP Eco-friendly Design IPO grey market costs is 80 per share suggesting that the shares of the company are trading at a premium of 55.56% at 224 apiece in the grey market.
KP Green Engineering IPO company details: The firm makes produced and hot-dip galvanized steel products and its portfolio includes Lattice Towers Frameworks, Substation Frameworks, Solar Component Installing Structures, Cable trays, Earthing strips, Beam Crash Obstacles.