Surat: KP Green Engineering Ltd. On the day of BSE listing, upper circuit opened at 200, closed at 210. Loktej Surat, Business News
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K.P. BSE listing ceremony of Green Engineering Limited Company was held in Surat. The event was held at the Platinum Hall of Sarsana Convention Centre. This is the first time that a company from Surat has been listed in Home Town. The IPO was filled at a price of Rs 145, on the day of listing i.e. Friday it opened at Rs 200 with a premium of 38% and finally closed at Rs 210. With the opening on Friday, the market cap of this company reached close to Rs 1050 crore.
Bell Ceremony Dr. Farooq G., Chairman and Managing Director, KP Group. Patel and KP Green’s hall-time director Moinul Kadwa, CFO Salim Yahoo, Praveen Singh, directors Affan Patel, Hassan Patel, Dr. Indugupta Rao, Surinder Negi, BSE MD Ajay Thakur, etc. were in the hands of people. On this occasion, KP Green’s ads starring Bollywood actor Sooraj Pancholi were also launched. Suraj was also declared the brand ambassador of KP Green. At this time, Sooraj’s parents, actor Sooraj Pancholi, Zarina Wahab and KP Group brand ambassador and former cricketer Munaf Patel were also present.
This is the third company of KP Group working in the renewable energy sector, which has been listed on BSE. Earlier, KP Energy and KP Green Energy had entered the stock market and today the market cap of both these companies is more than Rs 13000 crore.
Dr. Farooq Patel, CMD and Promoter, KP Group, said, “We are thrilled and grateful that investors have placed their trust in us and the IPO has been subscribed 29.58 times. Against our demand of Rs 189.50 crore, bids were received at Rs 3727 crore. We will live up to the trust that investors have placed in us. KP Green is our flagship company and this company has a long journey of 21 years. The journey that started with the production of just 50 metric tons has today reached the production of more than 53000 metric tons and the company is planning to reach the production of 2.94 lakh metric tons in the coming days with the construction of a new factory in Matar village, Bharuch. Have started doing.
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