KPI Global Infra IPO opens on 8th January
KPI Global Infrastructure Ltd (KPI) plans to raise around Rs.40 crore through its SME-IPO priced at Rs.80/share for its Rs.10 paid-up equity share. The IPO comprises a fresh issue of up to 49,92,000 equity shares, of which 2,49,600 equity shares are reserved for subscription by the market maker. The issue closes on Friday, 11 January 2019. KPI is a solar power generating company that operates through two segments: (i) Independent Power Producer (IPP) and (ii) as a service provider to Captive Power Producer (CPP) customers. Its EBIDTA/ PAT have grown at 12%/ 22% CAGR over FY16-18. For FY18, it reported an operating income of Rs.31.56 crore with PAT of Rs.11.41 crore. Its net worth as at 30 September 2018 is Rs.61.48 crore.