KPI Global In­fra IPO opens on 8th Jan­uary

Money Times - - Press Release Bull’s Eye -

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.

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