KP Green Engineering SME IPO subscribed 5.83 times on Day 2
The SME Initial Public Offering of KP Green Engineering Limited was subscribed 5.83 times on the second day of bidding. The issue re ceived bids of 5,48,23,000 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. Retail Portion and Non-Institutional Investors Portion was subscribed 8.15 times and 5.62 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 1.97 times. The issue kicked off for subscription on Fri day, March 15, 2024 and will close on Tuesd ay, March 19, 2024 . A day prior to the opening of the issue, KP Green Engineering Ltd had raised Rs 54 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Bofa Securities Europe Sa – Odi, Nav Capital Vcc – Nav Capital Emerging Star Fund, Lc Radiance Fund Vcc, Finavenue Capital Trust – Finavenue Growth Fund, Nova Global Opportunities Fund Pcc – Touchstone, Zeal Global Opportu