KPI Global IPO is all about to make its debut on 8 Jan 2019 with issue size of INR 39.94 cr
Solar power generation is the focus of Gujarat-based K.P.I. Global Infrastructure Limited, which was founded in 2008. The business offers solar energy as a service to Captive Power Producer (“CPP”) clients as well as as an Independent Power Producer (“IPP”) operating under the brand name “Solarism.”
K.P.I Global creates, owns, operates and maintains grid-connected solar power plants 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 famous organisations such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.
Moreover, it creates, relocates, runs, and maintains grid-connected solar power projects for CPP clients. IPP and CPP both operated out of the company’s plant in Bharuch, Gujarat.
INDUSTRY OVERVIEW
According to the Central Statistical Organization (CSO) and International Monetary Fund (IMF), India has the world’s fastest-growing major economy. During the next 10 to 15 years, India is anticipated to rank among the top three economic powers thanks to its robust democracy and partnerships. According to estimates, India’s GDP grew by 6.6% in 2017–18 and is projected to grow by 7.3% in 2018–19.
According to the Central Statistical Organization, India’s gross domestic product (GDP) increased by 7.2% in the September-December 2017 quarter (CSO). JM Financial predicts that corporate profits in India will increase by 15–20% in FY 2018–19, helped by a rebound in capital spending.India’s labour force is predicted to touch 160-170 million by 2020, based on rate of population growth, rising labour force participation, and higher education enrolment, among other factors, according to a report by ASSOCHAM and Thought Arbitrage Research Institute.
The week ending March 23, 2018, the RBI reported that India’s foreign exchange reserves were worth $422.53 billion.
KPI Global IPO Details
| IPO Date | Jan 8, 2019 to Jan 11, 2019 |
| Listing Date | Jan 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 |
KPI Global IPO Tentative Dates
KPI Global IPO opens on Jan 8, 2019, and closes on Jan 11, 2019.
| Event | Tentative Date |
| Opening Date | Jan 8, 2019 |
| Closing Date | Jan 11, 2019 |
| Basis of Allotment | Jan 17, 2019 |
| Initiation of Refunds | Jan 18, 2019 |
| Credit of Shares to Demat | Jan 21, 2019 |
| Listing Date | Jan 22, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Financials
| 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
The issues at stake are:
1. establishing a 25 MW solar power project in Gujarat’s Bharuch area (“Proposed Project / Unit II”), in part financing; and
2. For Generally Corporate Uses.
KPI Global IPO Prospectus
Company Contact Information
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/
KPI Global IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
KPI Global IPO Lead Manager(s)
- Vivro Financial Services Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
