IPO Issue Details
Issue Price / Price Band₹80 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size49,92,000 shares (aggregating up to ₹39.94 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 08 Jan 2019
Subscription CloseFri, 11 Jan 2019
Anchor AllotmentMon, 07 Jan 2019
Basis of AllotmentThu, 17 Jan 2019
Initiation of RefundsFri, 18 Jan 2019
Credit of Shares to DematMon, 21 Jan 2019
Listing DateTue, 22 Jan 2019
UPI Mandate Deadline2019-01-11
Application & Investment Details
Retail — Min (1 Lots)₹1,28,000 — 1,600 shares
Retail — Max (13 Lots)₹1,664,000 (13 Lots)
HNI — Min (2 Lots)₹2,56,000 — 3,200 shares
Net Offer to Public47,42,400 shares (aggregating up to ₹37.94 Cr)
Reserved for Market Maker2,49,600 shares (aggregating up to ₹2.00 Cr)
Pre-IPO Promoter Holding1,30,75,000 shares
Post-IPO Promoter Holding1,80,67,000 shares
About K.P.I.Global Infrastructure Ltd.
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.
Objects of the Issue
K.P.I.Global Infrastructure Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
2 For General Corporate Purposes
3.54
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,30,75,000 shares
Post-IPO Promoter Holding
1,80,67,000 shares