KP Green Engineering SME IPO subscribed 27.51 times on Final Day

The SME Initial Public Offering of KP Green Engineering Limited was subscribed 27.51 times on the final day of bidding.

The issue received bids of 25,88,46,000 shares against the offered 94,10,000 equity shares, at a price band of ₹137-144, according to the data available on the stock exchange.

Non-Institutional Investors Portion and Qualified Institutional Buyer Portion was subscribed 35.96 times and 31.86 times respectively, whereas Retail Portion was subscribed 20.12 times.

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.

Source : Equity Bulls

Keywords

KPGreenEngineering SMEIPO FundRaising Oversubscription