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K.P.Energy IPO is a book build issue of ₹6.44 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹6.44 crore.
K.P.Energy IPO bidding started from Feb 15, 2016 and ended on Feb 17, 2016. The shares got listed on BSE SME on Feb 25, 2016.
K.P.Energy IPO price band is set at ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to K.P.Energy IPO RHP for detailed Information.
| IPO Date | February 15, 2016 to February 17, 2016 |
| Listing Date | February 25, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,20,000 shares (aggregating up to ₹6.44 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3360 Cr) |
| Net Offered to Public | 8,72,000 shares (aggregating up to ₹6.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,00,000 shares |
| Share Holding Post Issue | 34,20,000 shares |
KP Energy IPO offers total 9,20,000 shares. Out of which 4,36,000 (47.39%) allocated to NII, 4,36,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.22%) |
| NII (HNI) Shares Offered | 4,36,000 (47.39%) |
| Retail Shares Offered | 4,36,000 (47.39%) |
| Total Shares Offered | 9,20,000 (100.00%) |
K.P.Energy IPO opens on February 15, 2016, and closes on February 17, 2016.
| IPO Open Date | Mon, Feb 15, 2016 |
| IPO Close Date | Wed, Feb 17, 2016 |
| Tentative Listing Date | Thu, Feb 25, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 17, 2016 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 2010, K P Energy Limited (KPEL) is a Part of KP Group. The Company provides complete solutions from concept till completion of project life-cycle of Wind Projects.
Activities covered are Siting of Wind-farms, Lands & Permits acquisition, EPCC (Engineering, Procurement, Construction & Commissioning) of Wind Project Infrastructure including power transmission and Operations & Maintenance of entire Balance of Plant of a Utility Scale Wind-farm. Business model of the company is designed to bring scalability in wind sector by serving OEMs (Original Equipment Manufacturers) of Wind Turbines, IPPs (Independent Power Producers, Captive Users as well as Institutional Investment Programmes.
They have successfully executed power evacuation facilities of 67.2MW of Wind Energy till date and 12 Wind Turbines of 2.1MW each are already commissioned and evacuating power from this facility.
The Company K.P.Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of 2.10 MW wind power project as part of our IPP initiative, at Matalpar, Bhavnagar, Gujarat | 13.08 |
| 2 | General Corporate Purpose | 0.77 |
[Dilip Davda] <p><strong>As this issue is from the renewable energy segment that is heading for bright prospects ahead, risk savvy investors may consider parking of their funds for long term.</strong></p> Read detail review...
| Listing Date | February 25, 2016 |
| BSE Script Code | 539686 |
| NSE Symbol | |
| ISIN | INE127T01013 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹72.00 |
| Low | ₹70.00 |
| High | ₹72.00 |
| Last Trade | ₹70.95 |
K.P.Energy Ltd.
A-1/2, Firdos Tower,
Behind Fazal Shopping Centre,
Adajan Patia,
Surat, Gujarat, 395009
Phone: +91-261-2764757
Email: info@kpenergy.in
Website: http://www.kpenergy.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: info@kpenergy.in
Website: https://ipo.bigshareonline.com/IPO_Status.html
K.P.Energy IPO is a SME IPO of 9,20,000 equity shares of the face value of ₹10 aggregating up to ₹6.44 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on February 15, 2016, and closes on February 17, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in K.P.Energy IPO using UPI as a payment gateway. Zerodha customers can apply in K.P.Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in K.P.Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The K.P.Energy IPO opens on February 15, 2016 and closes on February 17, 2016.
K.P.Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in K.P.Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for K.P.Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the K.P.Energy IPO allotment status.
The K.P.Energy IPO listing date is on Thursday, February 25, 2016.
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