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K.P.I.Global Infrastructure IPO is a fixed price issue of ₹39.94 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹39.94 crore.
K.P.I.Global Infrastructure IPO bidding started from Jan 8, 2019 and ended on Jan 11, 2019. The allotment for K.P.I.Global Infrastructure IPO was finalized on Jan 17, 2019. The shares got listed on BSE SME on Jan 22, 2019.
K.P.I.Global Infrastructure IPO price is ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Vivro Financial Services Pvt.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 Airan Finstocks Pvt.Ltd..
Refer to K.P.I.Global Infrastructure IPO RHP for detailed Information.
| IPO Date | January 8, 2019 to January 11, 2019 |
| Listing Date | January 22, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,92,000 shares (aggregating up to ₹39.94 Cr) |
| Reserved for Market Maker | 2,49,600 shares Airan Finstocks Pvt.Ltd. (aggregating up to ₹2.00 Cr) |
| Net Offered to Public | 47,42,400 shares (aggregating up to ₹37.94 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,30,75,000 shares |
| Share Holding Post Issue | 1,80,67,000 shares |
KPI Global IPO offers total 49,92,000 shares. Out of which 23,71,200 (47.50%) allocated to NII, 23,71,200 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,49,600 (5.00%) |
| NII (HNI) Shares Offered | 23,71,200 (47.50%) |
| Retail Shares Offered | 23,71,200 (47.50%) |
| Total Shares Offered | 49,92,000 (100.00%) |
K.P.I.Global Infrastructure IPO opens on January 8, 2019, and closes on January 11, 2019.
| IPO Open Date | Tue, Jan 8, 2019 |
| IPO Close Date | Fri, Jan 11, 2019 |
| Tentative Allotment | Thu, Jan 17, 2019 |
| Initiation of Refunds | Fri, Jan 18, 2019 |
| Credit of Shares to Demat | Mon, Jan 21, 2019 |
| Tentative Listing Date | Tue, Jan 22, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 11, 2019 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 Company K.P.I.Global Infrastructure 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 | To part finance setting up a 25 MW Solar Power Project at Sudi village, Samiyala village, Tanchha village, located in Amod Tehsil in Bharuch District of Gujarat | 34.59 |
| 2 | For General Corporate Purposes | 3.54 |
[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...
| Listing Date | January 22, 2019 |
| BSE Script Code | 542323 |
| NSE Symbol | KPIGREEN |
| ISIN | INE542W01017 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹80.80 |
| Low | ₹80.55 |
| High | ₹82.45 |
| Last Trade | ₹81.30 |
K.P.I.Global Infrastructure Ltd.
Shop No A-1/2, Firdos Tower,
Near Fazal Tower, Adajan Patia,
Surat
Surat, Gujarat, 395009
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: https://ipo.bigshareonline.com/IPO_Status.html
K.P.I.Global Infrastructure IPO is a SME IPO of 49,92,000 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.
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.
Zerodha customers can apply online in K.P.I.Global Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in K.P.I.Global Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in K.P.I.Global Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The K.P.I.Global Infrastructure IPO opens on January 8, 2019 and closes on January 11, 2019.
K.P.I.Global Infrastructure IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in K.P.I.Global Infrastructure 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.I.Global Infrastructure 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 K.P.I.Global Infrastructure IPO allotment status.
The K.P.I.Global Infrastructure IPO listing date is on Tuesday, January 22, 2019.
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