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KP Green Engineering Limited raises Rs. 54 crorefrom Anchor Investors

Mumbai, March 14, 2024: KP Green Engineering Limitedmanufacturer of fabrication and hot-dip galvanized steel products and other infrastructure solution products has garnered Rs. 54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Friday, March 15, 2024. The company informed the bourses that it allocated 37,50,000 equity shares at Rs. 144 per equity share on Thursday, March 14, 2024, to anchor investors.

Foreign and Domestic Institutions who participated in the anchor were Bofa Securities Europe Sa – Odi, Nav Capital Vcc – Nav Capital Emerging Star Fund, Lc Radiance Fund Vcc, Finavenue Capital Trust – Finavenue Growth Fund, Nova Global Opportunities Fund Pcc – Touchstone, Zeal Global Opportunities Fund, Zinnia Global Fund Pcc – Cell Dewcap Fund, Ag Dynamic Funds Limited, Morgan Stanley Asia (Singapore) Pte, Silver Stride India Global Fund, Negen Undiscovered Value Fund, Beacon Stone Capital Vcc – Beacon Stone, Galaxy Noble Global Opportunities Fund Pcc- Gngof 1, Persistent Growth Fund-Varsu India Growth Story Scheme 1, Craft Emerging Market Fund Pcc- Elite Capital Fund, 3 Sigma Global Fund, Forbes Emf, Leading Light Fund Vcc – The Triumph Fund, Nexus Global Opportunities Fund, Moneywise Financial Services Pvt. Limited, Mfspl, Lrsd Securities Pvt. Ltd., Vpk Global Ventures Fund – Vpk Global Ventures Fund – Scheme I, Craft Emerging Market Fund Pcc-Citadel Capital Funds, Eminence Global Fund Pcc-Eubilia Capital Partners Fund I, Ashika Global Securities Private Limited, Benani Capital – Benani Capital Scheme 1

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.

IPO Details

The issue consists of a fresh issue of up to 1,31,60,000 equity shares with “NO Offer for Sale” (OFS) – from promoter and promoter group.

The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Friday, March 15, 2024,and closes on Tuesday, March 19, 2024. The price band for the Offer has been determined at Rs 137 – Rs 144 per equity share.

The IPO will fetch Rs 189.50 crore at the upper end of the price band.

Investors can bid for a minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter.

The Issue is being made through the Book Building Process, wherein not more than 50% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, not less than 15% of the Net Issue shall be available for allocation to Non-Institutional Investors and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Investors.

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