Fixed Price IPO | ₹40 Cr | Listed at BSE SME | Tue, Jan 8, 2019 - Fri, Jan 11, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jan 8, 2019
IPO Close
Fri, Jan 11, 2019
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹144.54 Cr
| IPO Date | 8 to 11 Jan, 2019 |
| Listed on | Tue, Jan 22, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,92,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,49,600 shares Airan Finstocks Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 47,42,400 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 47,42,400 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,30,75,000 shares |
| Share Holding Post Issue | 1,80,67,000 shares |
| BSE Script Code | 542323 KPIGREEN |
| ISIN | INE542W01017 |
K.P.I.Global Infrastructure IPO comprises a total issue size of 49,92,000 shares. The net offer to the public is 47,42,400 shares, after excluding 2,49,600 shares allotted on a firm basis. Of the Net offer 23,71,200 (50.00%) allocated to NII 23,71,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,71,200 | 50.00% | 47.50% |
| Retail Shares Offered | 23,71,200 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,49,600 | 5.00% | |
| Total Shares Offered | 49,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The KPI Global IPO is subscribed 11.5 times on January 11, 2019 7:49:03 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 12.42 | 23,71,200 | 2,94,43,200 |
| Retail | 10.24 | 23,71,200 | 2,42,78,400 |
| Total | 11.5 | 47,42,400 | 5,45,21,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fee and reimbursements of market making fee, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers & out of pocket expenses. | 1.27 |
| 2 | Printing & Stationery and Postage Expenses | 0.02 |
| 3 | Marketing and Advertisement Expenses | 0.43 |
| 4 | Regulatory fees and other expenses | 0.08 |
| 5 | Other Miscellaneous expenses | 0.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹80.80 |
| Low | ₹80.55 |
| High | ₹82.45 |
| Last Trade | ₹81.30 |
Lead Manager Reports
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 ₹40 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Jan 8, 2019, and closes on Fri, Jan 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 Tue, Jan 8, 2019 and closes on Fri, Jan 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 Mon, Jan 21, 2019. Check the K.P.I.Global Infrastructure IPO allotment status.
The K.P.I.Global Infrastructure IPO listing date is on Tue, Jan 22, 2019.
