Most awaited IPO from KPI Global Infrastructure Limited

KPI Global Infrastructure Limited is a solar power generation company that was established in Gujarat. The company is providing solar power both as an Independent Power Producer under the brand name of Solarism and Captive Power Producer as a service provider. As an IPP KPI Global builds, owns, operates, and maintains grid-connected solar power projects. The company generates revenue by selling the power generated through its solar projects and this is done by entering into power purchase agreements with third parties. Apart from this, it has entered into bilateral PPA’s with the most reputed businesses like Mafatlal Industries Limited, Meghmani Organics Limited, and Best Paper Mills Private Limited.

The company also develops, transfers, operates and maintains grid-connected solar power projects for CPP customers. All these businesses, IPP and CPP take place from its plant located at Bharuch, Gujarat. In 2014 the company has started a 13.25km long 66kv transmission line from its Solarism plant to Gujarat Energy Transmission Corporation Limited(GETCO) substation that is located at Amod, Bharuch, Gujarat for the evacuation of the solar power generated at the plant. After that, in 2016, it has commissioned the first solar power plant for 5MW and in 2017 they commissioned another solar power plant on their own land. Recently the company proposed to increase their solar power generation capacity by starting another solar power project for 25 MW at Sudi, Samiyala & Tanchha village, Amod, Bharuch, Gujarat. It is referred to as unit-II. It is estimated that the cost of this project would be 132 crores.

The promoter of the company is Faruk G.Patel. Now the company has announced an IPO with an objective to part finance setting up a 25 MW Solar Power Project at Bharuch district of Gujarat and to meet General corporate purposes. Mr.Santosh Singh and Ms.Bhadrabala D. Joshi are the members of the management team in the company. The issue will open on January 8, 2019, and closes on January 11, 2019. It is a fixed price issue with a face value of Rs.10 per equity share. The issue price is Rs.80 per equity share and the total number of shares available is 1600. There is an increase in the profit rate about 7.42% from last year. As the company is showing remarkable growth in recent years, it is observed that investment in this IPO is profitable. Before you make your investment go through the financial report of the company and make a perfect analysis.

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