KPI Global IPO Description – KPI Global is a solar power generating company, operating as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as Captive Power Producer (CPP). The company builds, owns, operates and maintains grid connected solar power projects as IPP and generates revenue by entering into Power Purchase Agreements (PPA) with third parties for selling power units generated through its solar projects.
It develops, transfers, operates and maintains grid connected solar power projects for CPP customers and generates revenue by selling these projects to third parties for their captive use requirements. Both these businesses, IPP and CPP, are currently carried out at its plant located at Sudi & Tanchha village, Amod, Bharuch, Gujarat (Solarism Plant). The company has also established a ~13.25 km long 66 KV transmission line from its Solarism Plant to the Gujarat Energy Transmission Corporation Limited (GETCO) substation located at Amod, Bharuch, Gujarat (Amod Substation), for evacuation of the solar power generated at the Solarism Plant.
The company plans to increase its solar power generation capacity by setting up another solar power project for 25 MW at Sudi, Samiyala & Tanchha village, Amod, Bharuch, Gujarat with an estimated cost of INR13,203.76 Lakh and with proposed date of commercial commencement in July 2019.
Promoters of KPI Global – Faruk G. Patel
| KPI Global Infrastructure IPO details | |
| Subscription Dates | 8 – 11 January 2019 |
| IPO Price band | INR80 per share |
| Fresh issue | 4,992,000 shares (INR39.94 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,992,000 shares (INR39.94 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- 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 – INR34.59 crore
- General corporate purposes – INR3.54 crore
- Issue Expenses – INR1.80 crore
| KPI Global’s financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 27.51 | 26.02 | 31.58 | 18.21 | ||
| Total expenses | 16.02 | 12.37 | 19.34 | 12.80 | ||
| Profit after tax | 7.68 | 8.12 | 11.41 | 3.87 | ||
KPI Global’s Contact Details
KPI Global Infrastructure Limited
Shop No A-1/2, Firdos Tower
Near Fazal Tower, Adajan Patia
Surat – 395 009
Phone: +91 261 2764757
Email: [email protected]
Website:Â www.kpiglobal.kpgroup.co
KPI Global IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 1.50 |
| Day 2 | 2.06 |
| Day 3 | 3.40 |
| Day 4 | 10.92 |
KPI Global Valuation (For FY2018)
Earnings Per Share (EPS): INR9.39
Price/Earnings (P/E) ratio: 9.20
Return on Net Worth (RONW): 20.12%
Net Asset Value (NAV): INR43.80 per share
Registrar of KPI Global IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
KPI Global IPO Allotment Status
KPI Global IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of KPI Global
IPO Opening Date: 8 January 2019
IPO Closing Date: 11 January 2019
Finalisation of Basis of Allotment: 17 January 2019
Initiation of refunds: 18 January 2019
Transfer of shares to demat accounts: 21 January 2019
Listing Date: 22 January 2019
Listing Price on BSE SME: INR80.8 per share (up 1% from IPO price)
Closing Price on BSE SME: INR81.3 per share (up 1.62% from IPO price)
