KPI Global Infrastructure IPO: Upcoming IPO of KPI Global Infra. Ltd.

KPI Global Infrastructure IPO: KPI Global Infrastructure Limited is issuing the Initial Public Offering (IPO) from 8-January-2019 to 11-January-2019.

KPI Global Infrastructure IPO

KPI Global Infrastructure IPO Details
Issue Type Fixed Price Issue IPO
Issue Open 8-January-2019
Issue Closes 11-January-2019
Face Value Rs 10 per Equity Share
Issue Price Rs 80 per Equity Share
Issue Size 49,92,000 Equity Shares (Rs 39.94 Crores)
Minimum Order 1600 Shares
Listing BSE SME
KPI Global Infrastructure IPO: Objects of the Issue

According to the KPI Global Infrastructure Limited, the net proceeds of the issue are proposed to be deployed for financing the following objects:

  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, and
  2. For general corporate purposes.
Company Details

K.P.I. Global Infrastructure Limited is a Surat, Gujarat based company which was established in the year 2008. This company is engaged in solar power generation. It focuses on providing solar power both as an Independent Power Producer (“IPP”) under the brand name of ‘Solarism’ and as a service provider to Captive Power Producer (“CPP”) customers. They build, own, operate and maintain grid-connected solar power projects as IPP and generate revenue by entering into Power Purchase Agreements (“PPA”) with third parties for selling power units generated through our solar projects.

The company has established a ~13.25 km long 66 KV transmission line from their Solarism Plant to the Gujarat Energy Transmission Corporation Limited substation located at Amod, Bharuch, Gujarat, for evacuation of the solar power generated at Solarism Plant. They have entered into bilateral PPA’s for a period of 3 years with Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited for the direct sale of the solar power.

As of 30-Sep-2018, the total asset of the company is Rs 12,182.45 Lakhs and total revenue is 1,820.80 Lakhs.

Promoter: Mr. Faruk G. Patel

Address of the Company: Shop No A-1/2, Firdos Tower, Near Fazal Tower, Adajan Patia, Surat – 395 009, Gujarat, India.

Telephone: +91-261-2764757



Lead Manager to the KPI Global Infrastructure IPO Issue

Vivro Financial Services Private Limited

Address: 607-608 Marathon Icon, Veer Santaji Lane, Opposite Peninsula Corporate Park, Off Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Telephone: +91-22-66668040

Registrar to the KPI Global Infrastructure IPO Issue

Bigshare Services Private Limited

Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059, Maharashtra, India
Telephone: + 91-22-62638200

Please go through this prospectus for more detailed information.

(Read: IPO process in India Steps)

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Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

Tags: #IPO #Stock Market #KPI Global IPO #investments

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