A new company called KP Green Engineering is offering its shares to investors soon. This company makes steel products.
People can start investing in it from March 15. This is the third time a company from the KP Group is offering shares to the public.
Before this, KP Green Energy and KPI Global Infrastructure Limited had similar offers in 2016 and 2019.
The company has set the price range for its shares. They will cost between Rs 137 and Rs 144 each.
If you want to invest, you’ll need to buy at least 1000 shares, which means you’ll have to spend at least Rs 1,44,000. The company aims to raise Rs 189.50 crore through this offer.
Shares might be given out to investors on March 20, and the company might start trading on the stock exchange on March 22.
The KP Green Engineering IPO is doing well in the gray market. Currently, its shares are selling at a higher price than the official price.
If this continues until the company starts trading officially, investors might see a 55 percent profit on the first day.
The company has set aside 50 percent of its shares for big investors and 35 percent for small investors.
