KP Green Engineering IPO allotment likely to be finalised today: Here’s how to check status

KP Green Engineering IPO share allotment is expected to be finalised by the company on Wednesday, March 20. The engineering and steel structure manufacturing services provider is all set to finalise the basis of the share allotment for its initial public offer (IPO) following a strong demand during the subscription period that ended on March 19.

The public issue was subscribed 27.51 times on the third and final day of subscription on Tuesday.

Now, the investors' focus has turned to the allotment of shares and the stock's listing on the BSE SME platform.

Investors can check the KP Green Engineering IPO share allotment status on the official BSE website or the portal of the IPO registrar, Bigshare Services Pvt Ltd.

Here's a step-by-step guide to check the allotment status of KP Green Engineering shares on the BSE website:

• Visit BSE website - https://www.bseindia.com/index.html
• Go to 'Investors' section
• Select 'Investor Services'
• Click 'Status of Issue Application'
• Select 'Application Status Check' and a new page opens
• Select Issue Type - Equity
• Find Issue Name 'KP Green Engineering Ltd' from the dropdown list
• Enter Application No. or PAN
• Tick 'I'm not a robot' in captcha section
• Press 'Search' button
• Allotment status will appear on the screen

Steps to check allotment status on registrar’s website

Follow these steps to check the allotment status of KP Green Engineering shares on Bigshare Services Pvt Ltd portal:

• Open Bigshare Services website - https://www.bigshareonline.com/
• Select IPO allotment status on the home page
• Select any of the 3 servers shown on the screen
• Select company from the dropdown list
• Enter Application No/CAF No/Beneficiary ID/PAN No.
• Fill captcha details
• Click 'Search' button
• IPO allotment status will be shown.

It’s important to note that, only the successful bidders who have been allotted shares by the company will be able to see the allotment status after the basis of share allocation is finalised. Successful bidders will also be able to see the number of shares allotted to them against the shares they applied for.

KP Green Engineering will start refunds for those who did not receive shares in the bidding process. Non-allottees will get their money back on March 21, while shares will be credited to successful bidders' Demat accounts on the same day.

Shares of KP Green Engineering are expected to be listed on the BSE SME platform on March 22.

KP Green Engineering Ltd IPO details

KP Green Engineering Ltd IPO subscription was open from March 15 to March 19. The public offer, a book build issue worth ₹189.5 crore, saw a subscription of 27.51 times.

The BSE SME public offer, which was a complete fresh issue of 1.31 crore shares, attracted a total of 25,88,46,000 bids against the 94,10,000 shares available for subscription, resulting in 27.51 times the overall bid.

In the non-institutional investors' (NIIs) category, KP Green Engineering's initial public offer was subscribed 35.96 times while the qualified institutional buyers’ (QIBs) portion was booked 31.86 times. The retail segment was booked 20.12 times.

KP Green Engineering IPO price band was fixed at ₹137 to ₹144 per share, and the minimum lot size was 1,000 shares. One lot of investment required retail investors to invest a minimum of ₹1,44,000. High net worth individuals were asked to invest in a minimum of 2 lots or 2,000 shares, totaling ₹2,88,000 investment.

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