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Incorporated in 2008, Gujarat based K.P.I. Global Infrastructure Limited is a company engaged in solar power generation. The company provides solar power, both as an Independent Power Producer under the brand name of 'Solarism' and as a service provider to Captive Power Producer ("CPP") customers.
K.P.I Global builds, owns, operates and maintains grid-connected solar power projects as IPP. It generates revenue by entering into Power Purchase Agreements with third parties for selling power generated through its solar projects. It has entered into bilateral PPA's with reputed businesses such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.
It also develops, transfers, operates and maintains grid-connected solar power projects for CPP customers. Both the businesses, IPP and CPP, carried out from its plant located at Bharuch, Gujarat.
The Company has established a 13.25 km long 66 KV transmission line from its Plant to the Gujarat Energy Transmission Corporation Limited ("GETCO") substation located at Amod, Bharuch, Gujarat, for evacuation of the solar power generated at the Plant.
The Promoter of the Company is Faruk G. Patel. He holds 92,20,000 Equity Shares, representing 70.52% of the pre-Issue paid-up equity share capital of the Company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 12,182.45 | 11,844.61 | 8,279.57 | 5,357.97 | ||
| Total Revenue | 1,820.80 | 3,158.28 | 2,602.09 | 2,751.12 | ||
| Profit After Tax | 387.17 | 1,140.92 | 812.49 | 767.97 | ||
The Objects of the Issue are-
1. To part finance setting up a 25 MW Solar Power Project at Bharuch district of Gujarat ("Proposed Project / Unit II"); and
2. For General Corporate Purposes.
| IPO Opening Date | Jan 8, 2019 |
| IPO Closing Date | Jan 11, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | 4,992,000 Eq Shares of ₹10 (aggregating up to ₹39.94 Cr) |
The KPI Global IPO open date is Jan 8, 2019, and the close date is Jan 11, 2019. The issue may list on Jan 22, 2019.
| IPO Open Date | Jan 8, 2019 |
| IPO Close Date | Jan 11, 2019 |
| Basis of Allotment Date | Jan 17, 2019 |
| Initiation of Refunds | Jan 18, 2019 |
| Credit of Shares to Demat Account | Jan 21, 2019 |
| IPO Listing Date | Jan 22, 2019 |
The KPI Global IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128,000 |
| Maximum | 1 | 1600 | ₹128,000 |
| Pre Issue Share Holding | 70.61% |
| Post Issue Share Holding | 51.10% |
First Company of the group KP Energy migrated to main board and has rewarded investors handsomely. This company is having different model of business and having a niche play in solar power generations with IPP and CPP verticals. Despite third party PPA, it has been funded by PFC for Unit 2 and this is perhaps happening for the first time (as claimed by the management). With onset of current project by July 2019 end management is confident of maintaining its growth pattern. Considering these aspects, investors may consider investment for long term. Read detail review...
The KPI Global IPO is subscribed 11.50 times on 1/11/2019 7:49:03 PM. The public issue subscribed 10.24 times in the retail category, times in the QIB category, and 12.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 12.42 |
| Retail | 10.24 |
| Total | 11.50 |
| Listing Date | Tuesday, January 22, 2019 |
| BSE Script Code | 542323 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE542W01017 |
| IPO Price | ₹80 per equity share |
| Face Value | ₹10 per equity share |
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K.P.I. Global Infrastructure Limited
Shop No A-1/2, Firdos Tower,
Near Fazal Tower, Adajan Patia,
Surat - 395 009, Gujarat,
Phone: +91-261-2764757
Email: info@kpgroup.co
Website: http://www.kpiglobal.kpgroup.co/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
KPI Global IPO is a SME IPO of 4,992,000 equity shares of the face value of ₹10 aggregating up to ₹39.94 Crores. The issue is priced at ₹80 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on Jan 8, 2019, and closes on Jan 11, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The KPI Global IPO opens on Jan 8, 2019 and closes on Jan 11, 2019.
KPI Global IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in KPI Global IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for KPI Global IPO will be done on Jan 17, 2019, and the allotted shares will be credited to your demat account by Jan 21, 2019. Check the KPI Global IPO allotment status.
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