KP Green Engineering IPO vs Omfurn India FPO

Comparision between KP Green Engineering IPO and Omfurn India FPO.

IPO Details

KP Green Engineering IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Omfurn India FPO is a SME Book Built Issue proposed to list at NSE SME.

	KP Green Engineering IPO	Omfurn India FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of KP Green Engineering IPO is up to ₹189.50 Cr whereas the issue size of the Omfurn India FPO is up to ₹27.00 Cr. The final issue price of KP Green Engineering IPO is ₹144.00 per share and of Omfurn India FPO is ₹75.00 per share.

	KP Green Engineering IPO	Omfurn India FPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹137.00 per share	₹71.00 per share
Issue Price (Upper)	₹144.00 per share	₹75.00 per share
Issue Price (Final)	₹144.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2400 shares
Fresh Issue Size	1,31,60,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹189.50 Cr	up to ₹27.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,31,60,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹189.50 Cr	up to ₹27.00 Cr

IPO Timetable

KP Green Engineering IPO opens on Mar 15, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of KP Green Engineering IPO and Omfurn India FPO is Mar 19, 2024, and Mar 22, 2024, respectively.

	KP Green Engineering IPO	Omfurn India FPO
Anchor Bid Date	Mar 13, 2024	Mar 19, 2024
Issue Open	Mar 15, 2024	Mar 20, 2024
Issue Close	Mar 19, 2024	Mar 22, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 26, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 27, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 27, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 28, 2024
Anchor Lockin End date 1	Apr 19, 2024	Apr 25, 2024
Anchor Lockin End date 2	Jun 18, 2024	Jun 24, 2024

Financials

KP Green Engineering IPO P/E ratio is 42.8, as compared to Omfurn India FPO P/E ratio of 14.78.

KP Green Engineering IPO

Omfurn India FPO

Financial

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	13,635.62	9,506.65
Revenue	10,413.64	11,478.50
Profit After Tax	1,126.64	1,239.45
Reserves and Surplus	2,624.03	3,177.38
Amount in ₹ Lakhs

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,825.97	5,716.59	4,766.30	4,665.35
Revenue	4,474.78	7,108.10	3,229.79	2,184.54
Profit After Tax	289.16	414.87	59.81	-99.41
Net Worth	2,862.95	2,573.79	2,158.92	2,099.11
Reserves and Surplus	2,181.75	1,892.59	1,477.72	1,417.91
Total Borrowing	1,890.41	1,138.10	1,595.16	1,585.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.37%

73.40%

Promoter Shareholding (Post-Issue)

66.59%

50.96%

P/E Ratio

42.8

14.78

Market Cap

₹720.00 Cr.

₹88.31 Cr.

ROE

29.24%%

10.10%%

ROCE

23.05%%

10.28%%

Debt/Equity

1.11

EPS

₹3.36

₹5.08

RoNW

25.51%%

10.10%%

Shares Offered

In the KP Green Engineering IPO retail investors (RII) are offered 43,76,000 shares while in Omfurn India FPO retail investors are offered 43,76,000 shares. Qualified institutional buyers (QIB) are offered 25,00,000 shares in KP Green Engineering IPO and 11,73,600 shares in Omfurn India FPO.

	KP Green Engineering IPO	Omfurn India FPO
Anchor Investor Reserveration	37,50,000 shares	5,35,200 shares
Market Maker Reserveration	6,58,000 shares	1,80,000 shares
QIB	25,00,000 shares	11,73,600 shares
NII	18,76,000 shares	5,13,600 shares
RII	43,76,000 shares	11,97,600 shares
Employee	0 shares	0 shares
Others
Total	87,52,000 shares	28,84,800 shares

Bids Received (Subscription)

KP Green Engineering IPO subscribed 29.50x in total, whereas Omfurn India FPO subscribed 3.57x.

	KP Green Engineering IPO	Omfurn India FPO
QIB (times)	31.86x	1.00x
NII (times)	48.23x	3.02x
Big NII (times)
Small NII (times)
RII (times)	20.12x	6.33x
Employee (times)
Other (times)
Total (times)	29.50x	3.57x

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