KPI Global Infrastructure IPO Review

KPI Global Infrastructure Limited is engaged in solar power generation. It is a Gujarat based company. Today we are going to demonstrate KPI Global Infrastructure IPO Review along with its issue details, objectives and financial details.

KPI Global Infrastructure IPO Review Issue Details :

  • IPO Opens on – January 08, 2018.
  • IPO Closes on – January 11, 2018.
  • Face Value – Rs 10 Per Equity Share.
  • Issue Price – Rs 80 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – 1600 shares.
  • Minimum Order Quantity – 1600 shares.
  • Issue Size – 4,992,000 Equity Shares of Rs 10 aggregating up to Rs 39.94 Cr.
  • Listing Exchange – BSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue of the Company :

  • The object of the issue is 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 of this company.

About The Company –

  • K.P.I. Global Infrastructure Limited is incorporated in 2013.
  • This 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 which is known as CPP customers.
  • K.P.I. Global Infrastructure Limited builds, owns, operates and maintains grid-connected solar power projects as IPP.
  • This company has entered into bilateral PPA’s with reputed businesses such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.
  • K.P.I. Global Infrastructure Limited generates revenue by entering into Power Purchase Agreements with third parties for selling power generated through its solar projects.
  • This company also develops, transfers operate and maintains grid-connected solar power projects for CPP customers.
  • Both the businesses of K.P.I. Global Infrastructure Limited, IPP and CPP, carried out from its plant located at Bharuch, Gujarat.
  • This company has established a 13.25 km long 66 KV transmission line from its Plant to the Gujarat Energy Transmission Corporation Limited which known as GETCO.
  • The Gujarat Energy Transmission Corporation Limited substation located at Amod, Bharuch, Gujarat for evacuation of the solar power generated at the Plant.

K.P.I. Global Infrastructure Limited

Location :

A-1/2, Firdous Tower,
New Rander Road, Adajan Patia,
SURAT-395009, GUJARAT (INDIA).

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The promoter of K.P.I. Global Infrastructure :

  • Mr. Faruk G. Patel, aged 46 years is Chairman and Managing Director of this Company.

The Board of Directors of this company :

  • Mr. Faruk G. Patel, aged 46 years, is the Chairman and Managing Director of the Company.
  • Mr. Santosh Singh, aged 38 years, is Whole Time Director of this Company.
  • Ms. Bhadrabala D. Joshi, aged 60 years, is the Director of the Company.
  • Mr. Rajnikant H. Shah, aged 65 years, is the Director of this Company.
  • Mr. Raghavendra Rao Bondada, aged 44 years, is an Independent Director of the Company.
  • Mr. Mohamed Hanif Mohamed Habib Dalchawal, aged 62 years, is the Independent Director of this Company.
  • Mr. Vendhan G. Mudaliar, aged 45 years, is the Independent Director of the Company.

Business Strategy of K.P.I. Global Infrastructure :

  • The main business strategy of K.P.I. Global Infrastructure Limited is capitalizing on the growth opportunities available in the renewable energy sector.
  • Enhancement of installed capacity as an Independent Power Producer (IPP) is another strategy of this company.
  • The main business strategy of K.P.I. Global Infrastructure Limited is focused on sales from Captive Power Producer (CPP).
  • One of the strategies of this company is the optimal utilization of resources.

Competitive Strengths of K.P.I. Global Infrastructure :

  • The main competitive strengths of K.P.I. Global Infrastructure Limited is a favorable geographical location of this solar power plant.
  • Optimal design and structure of this solar power plant are other strengths of this company.
  • One of the competitive strengths of K.P.I. Global Infrastructure Limited is an established infrastructure for evacuating power.
  • Higher per unit revenue realization and assured revenue from PPAs of this company.
  • One of the competitive strengths of K.P.I. Global Infrastructure Limited is an experienced promoter and management team.
  • Existing synergies within the promoter group of this company.

Company Financials :

However, let’s come to the most vital part of KPI Global Infrastructure IPO Review.

K.P.I. Global Infrastructure IPO

KPI Global Infrastructure IPO Review:

The attached data is derived from the profit-loss statement of the company. The chart reflects the past three years company financial performance which shows Fy18 gains maximum profit over the years. The first 2 quarters of FY18 also left its marks in the company profit. Now, let’s check the fundamental ratios of the company from the DHRP (draft red herring prospectus). Basic and Diluted EPS (earnings per share) as per the FY18 was 6.08. For some reason, the company has not revealed its P/E ratio (price to earnings ratio). Return on Net Worth (RoNW) was at the level of 14.94% as of 2018. Nav/Share stands at 38.19. Hence, based on our analysis KPI Global Infrastructure IPO Review carries a NEUTRAL view. Investors can take a chance here.



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