1,881,000 Equity Shares of KP Green Engineering Limited are subject to a Lock-Up Agreement Ending on 18-JUN-2024.
June 17, 2024
Share
1,881,000 Equity Shares of KP Green Engineering Limited are subject to a Lock-Up Agreement Ending on 18-JUN-2024. These Equity Shares will be under lockup for 91 days starting from 19-MAR-2024 to 18-JUN-2024.
Details:
In addition to Minimum Promoters? Contribution which shall be locked-in for three years, the balance Equity Shares held by Promoter shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018
In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoters? Contribution as mentioned above shall be locked-in for a period of three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.
KP Green Engineering Limited is primarily engaged in the business of fabrication and galvanizing. The Company is focused on fabrication, galvanizing, fault rectification team, patrolling of optical fiber cables, site clearance work, solar rooftop installation, sale of solar electricity, EPC, mobile tower manufacturing and turnkey service provider to the mobile and renewable energy industries. Its products consist of transmission line towers, isolator division, substation and switch yard structures, windmill lattice towers, telecom towers, high mast towers, mono pole towers, and others. The Company operates a manufacturing facility along with a hot dip galvanizing facility, equipped with machinery for drilling, welding, lasser cutting, plasma operation, high speed solar machine, and W/Thrie beam manufacturing machine. It operates CNC angle line machines, which enable punching, drilling, stamping, cutting of steel in any shape and size.