KPI Global Infrastructure IPO – Review, Allotment, Subscription & DRHP

KPI Global Infrastructure is a solar power generating Company focused on providing solar power, both as an Independent Power Producer (“IPP”) under the brand name of ‘Solarism’ and as Captive Power Producer (“CPP”). KPI Global Infrastructure IPO comprises of  [●] Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the KPI Global Infrastructure IPO release date, IPO offer price, subscription, KPI Global Infrastructure IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


KPI Global Infrastructure IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of KPI Global Infrastructure IPO

KPI Global Infrastructure IPO KPI Global Infrastructure are a solar power generating Company focused on providing solar power, both as an Independent Power Producer (“IPP”) under the brand name of ‘Solarism’ and as Captive Power Producer (“CPP”). 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 their solar projects. They develop, transfer, operate and maintain grid connected solar power projects for CPP customers and generate revenue by selling these projects to third parties for their captive use requirements . The Issue comprises of a Public Issue of  [●]Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 3,159.89  Lakhs, Rs. 2,602.09 Lakhs and Rs.2,751.12 Lakhs, respectively representing growth of  21.40% from the FY 2018-17 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs.756.91 Lakhs, Rs. 1,011.03 Lakhs and Rs.1,069.46 Lakhs, respectively .

  • During the financial year 2017-18 the Other Income of our company increased to Rs.4.35  Lakhs as against Rs. 26.06 Lakhs for the financial year 2016-17 .
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 738.71  Lakhs from the year 2015-16 of Rs. 556.24 Lakhs showing an increase of 7.42% from last year, showing remarkable performance.

The Promoter of this company is  Mr. Faruk G. Patel . The lead manager to the issue is Vivro Financial Services Private Limited and the Registrar to this issue is Bigshare Services Private Limited .


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KPI Global Infrastructure IPO Date

The opening and the closing date of KPI Global Infrastructure  IPO is not known yet.


KPI Global Infrastructure IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


KPI Global Infrastructure IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


KPI Global Infrastructure IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


KPI Global Infrastructure IPO Equity Share Offering

[●] Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed.


KPI Global Infrastructure – Company Overview

KPI Global Infrastructure are a solar power generating Company focused on providing solar power, both as an Independent Power Producer (“IPP”) under the brand name of ‘Solarism’ and as Captive Power Producer (“CPP”). 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 their solar projects. They develop, transfer, operate and maintain grid connected solar power projects for CPP customers and generate revenue by selling these projects to third parties for their captive use requirements .

Both these businesses, IPP and CPP, are currently carried out at their 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 our 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 our Solarism Plant .

The Company is promoted by Mr. Faruk G. Patel and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of KPI Global Infrastructure :

  • Established infrastructure for evacuating power
  • Favorable geographical location of  solar power plant
  • Optimal design and structure of  solar power plant
  • Higher per unit revenue realization and assured revenue from PPAs
  • Experienced Promoter and management team

Business strategies of KPI Global Infrastructure :

  •  Capitalizing on the growth opportunities available in the renewable energy sector
  • Enhancement of installed capacity as an Independent Power Producer (IPP)
  • Focus on sales from Captive Power Producer (CPP)
  • Optimal utilization of resources

KPI Global Infrastructure – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 10,732.57 7,731.89 5,240.01  3,301.10 2,337.55
Total Revenue 3,159.89 2,602.09 2,751.12 634.05  894.90
Total Expense 2,402.98 1,591.06 1,681.66  594.49 824.08
Profit After Tax 756.91 1,011.03 1,069.46 39.56 70.82

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 6.08 5.44 7.53

From the above statements, one could find that the KPI Global Infrastructure may perform well.


KPI Global Infrastructure IPO – Promoters

The Promoter of this company are:

  1. Mr. Faruk G. Patel

List of Related Parties (Key Managerial Personnel)

  • Rajnikant Harilal Shah
  • Pritiben Rajnikant Shah
  • Rajnikant Harilal Shah Huf
  • Rashida Gulam Patel
  • Vahidabanu Faruk Patel
  • Ayesha Faruk Patel

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


KPI Global Infrastructure IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Issue of up to [●] Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per Equity Share aggregating up to Rs. 4,000 Lakh
 Of which:
 Reserved for Market Makers [●] Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakh.
 Net Issue to the Public [●] Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakh.
 Of which:
 Retail Investors Portion [●] Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakh.
 Non-Retail Investors Portion [●] Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakh.
 Equity Shares outstanding prior to the Issue 1,30,75,000 Equity Shares of Rs. 10 each
 Equity Shares outstanding after the Issue [●] Equity Shares of Rs. 10 each

KPI Global Infrastructure IPO Issue Object

These are the IPO Issue Objects of the company-

  • 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 (“Proposed Project / Unit II”)
  • For General Corporate Purposes

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KPI Global Infrastructure IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Favorable geographical location of  solar power plant
  • Optimal design and structure of solar power plant
  • Established infrastructure for evacuating power
  • Higher per unit revenue realization and assured revenue from PPAs
  • Experienced Promoter and management team
  • Existing synergies within the Promoter Group

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16 7.53 55.48
31-Mar-17 5.44 19.56
31-Mar-18 6.08 14.94 38.19

 


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KPI Global Infrastructure IPO Lead Managers

Lead Managers
Vivro Financial Services Private Limited
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; Fax: +91-22-6666 8047
Email:
Website: www.vivro.net
Investor Grievance Email:
Contact Person: Mr. Anish Akruwala / Mr. Yogesh Malpani
SEBI Registration Number: INM000010122
CIN: U67120GJ1996PTC029182

KPI Global Infrastructure IPO Registrar to offer

Registrar to the Offer
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059, Maharashtra, India
Telephone: + 91-22-62638200;
Fax: +91-22-62638299;
Email:
Website: www.bigshareonline.com
Investor Grievance Email:
Contact Person: Mr. Babu Raphael
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534

Other Details:

  • Statutory Auditor –  M/s K A Sanghvi & Co. LLP, Chartered Accountants
  • Peer Review Auditor –  M/s K A Sanghvi & Co. LLP, Chartered Accountants
  • Bankers to the Company – State Bank of India and Axis Bank Limited

KPI Global Infrastructure IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

KPI Global Infrastructure IPO Grey Market Premium

The KPI Global Infrastructure IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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KPI Global Infrastructure IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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