KP Green Engineering Limited has submitted to the exchange the Monitoring Agency Report for the half year ended March 31, 2025
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KP Green Engineering Limited submitted its Monitoring Agency Report for the half year ended March 31, 2025, prepared by ICRA Limited. The company raised Rs. 189.504 crore through an SME IPO in March 2024 (net proceeds of Rs. 174.296 crore) to partly fund a new manufacturing unit (Rs. 156.145 crore) and for general corporate purposes (Rs. 18.151 crore). The report confirms no deviation from stated objects, with the manufacturing unit capex on schedule and general corporate purpose funds fully utilized. Only Rs. 0.361 crore remained unutilized in the public issue account as of March 31, 2025, including Rs. 0.065 crore of unutilized issue expenses. All required statutory approvals, including the Gujarat Pollution Control Board consent to establish certificate, have been obtained.
This is a routine compliance filing showing disciplined use of IPO proceeds with no red flags. Shareholders can take comfort that the company is deploying funds as promised, the capex project is progressing on time, and nearly all IPO money has been put to work.