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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.
| 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 Size | 4,992,000 shares (aggregating up to ₹39.94 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,075,000 |
| Share holding post issue | 18,067,000 |
| Market Maker portion | 249,600 shares |
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 Offered | 249,600 (5.00%) |
| Other Shares Offered | 2,371,200 (47.50%) |
| Retail Shares Offered | 2,371,200 (47.50%) |
| Total Shares Offered | 4,992,000 (100%) |
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 |
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 | |||
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% |
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 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.
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 12.42 |
| Retail | 10.24 |
| Total | 11.50 |
| Listing Date | January 22, 2019 |
| BSE Script Code | 542323 |
| NSE Symbol | KPIGREEN |
| ISIN | INE542W01017 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹80.00 |
| ₹80.80 |
| ₹80.55 |
| ₹82.45 |
| ₹81.30 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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.
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