Business & Finance
KP Green Engineering to unveil the largest SME IPO on Dalal Street on March 15th
KP Green Engineering is set to launch the biggest SME IPO on Dalal Street on March 15, with the initial public offering expected to be the largest the Indian stock market has ever seen. The IPO will open on Friday, March 15, and close on Tuesday, March 19, with a total of 1,31,60,000 equity shares of the company being offered.
The IPO is part of a string of five SME segment IPOs set to make a splash on Dalal Street, with KP Green Engineering aiming to raise ₹189.5 crore through its IPO at the upper price band. This surpasses the previous record of ₹105 crore raised by Spectrum Talent Management in a similar IPO.
The price band for KP Green Engineering’s IPO is set at ₹137-144 per equity share, with a portion of the shares reserved for market makers and qualified institutional buyers. The company plans to utilize the majority of the funds raised to set up a new manufacturing unit, with the remaining funds going towards general corporate purposes.
With a significant amount of interest and anticipation surrounding the launch of the KP Green Engineering IPO, investors and market analysts will be closely watching its performance as it sets a new benchmark for SME IPOs in India.
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