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K.P.I. Global Infrastructure Limited IPO (KPI Global IPO) Detail

January 8, 2019 - January 11, 2019

KPI Global IPO is a fixed price issue of Rs 39.94 crores.

KPI Global IPO bidding started from January 8, 2019 and ended on January 11, 2019. The allotment for KPI Global IPO was finalized on Thursday, January 17, 2019. The shares got listed on BSE SME on January 22, 2019.

KPI Global IPO price is ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Vivro Financial Services Private Limited is the book running lead manager of the KPI Global IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to KPI Global IPO RHP for detailed information.

KPI Global IPO Details

IPO Date January 8, 2019 to January 11, 2019
Listing Date January 22, 2019
Face Value ₹10 per share
Price ₹80 per share
Lot Size 1600 Shares
Total Issue Size4,992,000 shares
(aggregating up to ₹39.94 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion249,600 shares

KPI Global IPO Reservation

KPI Global IPO offers 4,992,000 shares. 2,371,200 (47.50%) to NII, 2,371,200 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered249,600 (5.00%)
Other Shares Offered2,371,200 (47.50%)
Retail Shares Offered2,371,200 (47.50%)
Total Shares Offered4,992,000 (100%)

KPI Global IPO Timeline (Tentative Schedule)

KPI Global IPO opens on January 8, 2019, and closes on January 11, 2019.

IPO Open Date Tuesday, January 8, 2019
IPO Close Date Friday, January 11, 2019
Basis of Allotment Thursday, January 17, 2019
Initiation of Refunds Friday, January 18, 2019
Credit of Shares to Demat Monday, January 21, 2019
Listing Date Tuesday, January 22, 2019
Cut-off time for UPI mandate confirmation 5 PM on January 11, 2019

KPI Global IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹128,000
Retail (Max) 1 1600 ₹128,000
Lot Size Calculator

KPI Global IPO Promoter Holding

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.

Share Holding Pre Issue 70.61%
Share Holding Post Issue 51.10%

About K.P.I. Global Infrastructure Limited

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (KPI Global IPO Objectives)

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.

KPI Global IPO Review (May apply)

[Dilip Davda]  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...

KPI Global IPO Subscription Status (Bidding Detail)

The KPI Global IPO is subscribed 11.50 times on January 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)

CategorySubscription (times)

KPI Global IPO Prospectus

KPI Global IPO Rating

Rating:Rated 4.0 stars
Vote Here ...

KPI Global IPO Listing Details

Listing Date January 22, 2019
BSE Script Code 542323
ISIN INE542W01017
Final Issue Price ₹80 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

K.P.I. Global Infrastructure Limited Contact Details

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

KPI Global IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

KPI Global IPO - Buy or Not

KPI Global IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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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 share. The minimum order quantity is 1600 Shares.

The IPO opens on January 8, 2019, and closes on January 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 January 8, 2019 and closes on January 11, 2019.

KPI Global IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for KPI Global IPO will be done on Thursday, January 17, 2019, and the allotted shares will be credited to your demat account by Monday, January 21, 2019. Check the KPI Global IPO allotment status.

The KPI Global IPO listing date is on January 22, 2019.
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KPI Global IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



102. shivani |   Link |  Bookmark |January 28, 2019 10:55:11 AM
on lower circuit around 71
101. Pappi |   Link |  Bookmark |January 23, 2019 8:32:03 PM
Kpi Tommorow available at 74.

#pappi rockssss
100. Pappi |   Link |  Bookmark |January 22, 2019 10:13:55 PM
#pappi rocks....
Tom it will go below 80... wait watch...

#paaapi is always correct
100.1. Small Investor |   Link |  Bookmark |January 23, 2019 1:04:08 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
KPI Lower circuit hit 77.25 with 40000+ seller
jisne apna lot sell kr diya wo save ho gya
99. Small Investor |   Link |  Bookmark |January 22, 2019 12:48:25 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
Today LM hold Stock price above 81-82 and after tomorrow stock will came down side
98. Gaurav Sharma |   Link |  Bookmark |January 22, 2019 12:26:42 PM
How to sell k.p.i shares in hdfc securities?
98.1. Dinesh Singh |   Link |  Bookmark |January 22, 2019 12:38:56 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Go to your portfolio and select equity and then select shares and then negative sign.
97. CA nkn |   Link |  Bookmark |January 18, 2019 7:14:51 PM
listing gain 20%
97.1. Small Investor |   Link |  Bookmark |January 22, 2019 11:31:15 AM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
@ Dear CA Nkn
kpi m sab ko ( jisne apply nhi kiya usko bhi 20% listing gain mil rha h )
96. Dinesh Singh |   Link |  Bookmark |January 22, 2019 11:11:12 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
@SME EXPERTISE & Small Investor,

Your prediction becames true.

Your all are great guys and to be followed.

More ever I have already told that I play only for 1 or 2 day in any SME, hence I have sold my holding @ 82.

Now move on and concentrate on other SME IPO.

Bye Bye Kpi Global.
96.1. Small Investor |   Link |  Bookmark |January 22, 2019 11:28:42 AM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
@ Dinesh Ji
You save your money now you will apply in Surani and Rico Logistics for good return
10% listing gain may be in surani
95. Dinesh Singh |   Link |  Bookmark |January 21, 2019 2:16:41 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Without any fundamental a company can't be subscribed 13th times.

With so called Fundamental Deccan Health has subscribed only 2 times.

If Deccan can trade at 30% gain there is no way for it less than Deccan.
95.4. Small Investor |   Link |  Bookmark |January 22, 2019 9:41:37 AM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
at par 80 pr hi khulega
95.5. Small Investor |   Link |  Bookmark |January 22, 2019 9:46:26 AM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
@ dinesh singh
mubarak ho aapko 20% lisiting gain
abhi bhi time h sell kr do varna waa solar jesa hal hoga
94. Hiteshji |   Link |  Bookmark |January 22, 2019 9:42:51 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Poor listing
93. Hiteshji |   Link |  Bookmark |January 22, 2019 9:42:06 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
List at 81
92. Hiteshji |   Link |  Bookmark |January 22, 2019 9:41:57 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
List at 81
91. Hiteshji |   Link |  Bookmark |January 22, 2019 8:28:18 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Pls book small loss as early as possible and save your money.
90. Pappi |   Link |  Bookmark |January 21, 2019 10:27:47 PM
Can list at 76 save money
89. Carn Mohan |   Link |  Bookmark |January 21, 2019 8:15:17 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Tumlog Abhi isi chakar may phasay ho yah company strong hi yah company weak , Sub operater par dipend karta hi wo chahay tho weak company Ko double kar day and strong company Ko half.
89.1. Samraheja |   Link |  Bookmark |January 21, 2019 9:37:59 PM
100% Right
88. Hiteshji |   Link |  Bookmark |January 21, 2019 8:08:49 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Please exit early around 9:20 otherwise lower and lower.
87. Dhvoy |   Link |  Bookmark |January 21, 2019 3:04:02 PM
It is list more than 35% profit believe it or not so all allottee congrats for an allotment
87.1. Dinesh Singh |   Link |  Bookmark |January 21, 2019 3:17:33 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
You seems to be 100% correct.
87.2. Small Investor |   Link |  Bookmark |January 21, 2019 4:16:56 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
Summary of Outstanding Litigations from Draft of prospectus pg no 19
Following are the details of the outstanding litigations involving our Company, Promoter, Directors and
Group Companies:
Nature of Cases
No. of
ng cases
Amount to the
(in `)*
(I) Litigations against our Company/ Promoter / Group Company/ Directors
1. T ax Income Tax 1 29,80,800
2. C ivil Insolvency Applications before the National
Company Law Tribunal, Ahmedabad Bench**
2 Unascertainable
3. C ivil Other pending litigations filed against our Group
4 Unascertainable
(II) Litigations filed by our Company / Promoter / Group Company/ Directors
4. C riminal Complaints under Section 138 of the Negotiable
Instruments Act, 1881 filed by our Company
2 15,73,330
5. T ax Service Tax matter filed by our Group Company 1 4,31,62,979
6. C ivil
Other Pending Litigation filed by our Group
1 Unascertainable
86. uday patel |   Link |  Bookmark |January 21, 2019 11:35:33 AM
Where can i check what is share name for this company?
85. Dinesh Singh |   Link |  Bookmark |January 21, 2019 11:33:20 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Operators backed by LM are actic in this stock.

Please watch the movement of stock and then take decision.

Those who are not alloted trying to create panic to buy the stock on listing day Don't exit on pre open session.

Wait for 1 or 2 day to exit from this stock.

Fundamental works only in long term.

The stock will give you decent return.
84. Pappi |   Link |  Bookmark |January 20, 2019 10:18:10 PM
Fraud co. Huge debt
Plz exit on day 1 if u get above 82
Sell and save capital
Apply in Ritco h

83. vishnu sewag |   Link |  Bookmark |January 20, 2019 10:23:11 AM
Anyone tell me listing 9:00 PM ya 10:00PM
83.1. papon |   Link |  Bookmark |January 20, 2019 10:32:29 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
9.45 preopen price is discovered & 10.00 trading starts. U can sell at preopen discovered price if you want