KP Green Engineering is a solar power generating Company focused on providing solar power, both as an Independent Power Producer (“IPP”) under the brand name of ‘Solarism’ and as a Captive Power Producer (“CPP”). They build, own, operate, and maintain grid-connected solar power projects as IPP and generate revenue by entering into Power Purchase Agreements (“PPA”) with third parties for selling power units generated through their solar projects. They develop, transfer, operate, and maintain grid-connected solar power projects for CPP customers and generate revenue by selling these projects to third parties for their captive use requirements. Both these businesses, IPP and CPP, are currently carried out at their plant located at Sudi & Tanchha village, Amod, Bharuch, Gujarat (Solarism Plant). The Company has also established a ~13.25 km long 66 KV transmission line from their Solarism Plant to the Gujarat Energy Transmission Corporation Limited (“GETCO”) substation located at Amod, Bharuch, Gujarat (Amod Substation), for evacuation of the solar power generated at their Solarism Plant.

They propose to increase their solar power generation capacity by setting up another solar power project for 25 MW at Sudi, Samiyala & Tanchha village, Amod, Bharuch, Gujarat (Referred to as Unit II). The estimated cost of this project would be `13,203.76 Lakh and the proposed date of commercial commencement is July 2019. They have entered into either PPAs or Letter of Intent (LOI) with customers for the proposed sale of power of 25 MW. Post the commercial commencement, their total solar power generation capacity would increase to 40 MW.

They have entered into bilateral PPA’s for 3 years with reputed industrial consumers such as Mafatlal Industries Limited (for their two units located at Navsari and one unit located at Nadiad), Best Paper Mills Private Limited (for their two units located at Vapi) and Meghmani Organics Limited (for their three units located at Dahej, Ankleshwar and Panoli) for direct sale of the solar power generated at their Solarism Plant. The rate of their PPAs is currently at around ~` 6.58 per unit, which has been priced to arrive at an average of around 7% discount to the prevailing per unit price of the power rates of the DISCOMs, less other adjustments.

Objects of the Issue:

• Part finance the capital expenditure towards setting up of a new manufacturing unit to expand its current production capabilities as well as expanding our current product portfolio.
• General Corporate Purposes

KP Green Engineering IPO Review

• To be updated soon

KP Green Engineering IPO Date & Price Band Details

KP Green Engineering IPO Market Lot

The KP Green Engineering IPO minimum market lot is 1000 shares with a ₹144,000 application amount.

KP Green Engineering IPO Dates

The KP Green Engineering IPO date is March 15 and the IPO close date is March 19. The IPO allotment date is March 20 and the IPO might list on March 22.

You can check IPO subscription status and IPO allotment status on their respective pages.

KP Green Engineering IPO Form

How to apply KP Green Engineering IPO? You can apply KP Green Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the KP Green Engineering IPO in the Invest section. The other option you can apply KP Green Engineering IPO via IPO forms download via the BSE website. Check out the KP Green Engineering forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

KP Green Engineering Company Financial Report

KP Green Engineering IPO Valuation – FY2023

Check KP Green Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Salasar Techno Engineering Ltd
• Skipper Ltd

• Dr. Farukbhai Gulambhai Patel
• Mr. Hassan Faruk Patel

KP Green Engineering IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

KP Green Engineering IPO Allotment Status

Check KP Green Engineering IPO allotment status on Bigshare website URL. Click Here

KP Green Engineering IPO Lead Managers aka Merchant Bankers

• Beeline Capital Advisors Private Limited

Company Address

KP Green Engineering Limited
‘KP House’, Opp. Ishwar Farm Junction BRTS
Near Bliss IVF Circle
Canal Road, Bhatar
Surat, Gujarat-395017, India
Website: www.kpgreenengineering.com
Phone : 0261 2244 757
E-Mail:[email protected]

KP Green Engineering IPO FAQs

Note: The KP Green Engineering IPO details are announced officially. The IPO grey market premium (KP Green Engineering IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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