What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the KP Green Engineering Limited IPO allotment date?

The basis of allotment for KP Green Engineering Limited IPO is scheduled to be finalized on 20 Mar 2024.

Where can I check KP Green Engineering Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Mar 2024.

KP Green Engineering Limited

ListedSME

Emerging SME Services · BSE

KP Green Engineering Limited is a leading player in the engineering and steel structure manufacturing sector, operating a cutting-edge facility spanning over 2+ lakh sq. ft., with an additional unit in Matar, Bharuch set to become fully operational by 2024-25, adding 1.20 lakh sq. mtr of factory space. Equipped with advanced machinery for drilling, welding, laser cutting, plasma operations, high-speed solar machines, W/Thrie beam manufacturing, and a hot-dip galvanizing facility, the company delivers high-quality solutions across transmission, telecom, solar industries, and highway crash barriers. Expanding into infrastructure segments such as bridges, railway structures, and high masts, KP Green Engineering remains committed to supporting India’s renewable energy and infrastructure growth with its strong capacity, technological expertise, and unwavering dedication to excellence.

Price Band

₹137 – ₹144

Issue Size

₹190 Cr

Lot Size

1000 shares

GMP

₹50

+34.7%

Est. Listing

₹194

at current GMP

Subscribed

29.58x

overall

Open

15 Mar 2024

19 Mar 2024

Allotment

20 Mar 2024

Refund

21 Mar 2024

Demat Credit

22 Mar 2024

Listing

22 Mar 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

KP Green Engineering Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Mar 2024

Basis finalization

Refunds Initiate

21 Mar 2024

Mandate release

Demat Credit

22 Mar 2024

Shares in demat

Listing Debut

22 Mar 2024

Trading begins

How to Check KP Green Engineering Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select KP Green Engineering Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About KP Green Engineering Limited Public Issue & Market Profile

KP Green Engineering Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹189.5 Crores. The shares are offered at a price band of ₹137 to ₹144 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-03-19, the basis of allotment is scheduled to be finalized on 2024-03-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.