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.
Company Promoters :
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.
Issue Detail:
»»Dates: 8th to 11th JAN 2019
»»Price : ₹ 80 Per Share
»»Bid Lot : 1600 Shares
»»Issue Size: 49,92,000 Shares
»»Retail Allocation : 23,71,200 Shares
»»Other Investor Allocation : 23,71,200 Shares
»»Market Maker Reservation : 2,49,600 Shares
»»Net Size (Amount) : 39.93 Crores
»»Retail Requirement for 1 time: 1482 Applications