By Accommodation Times Bureau
KPI Global Infrastructure Limited a solar power generating Company focused on providing solar power, is set to raise Rs 39.93 crores through Initial Public Offering (IPO).
The IPO is up to 49,92,000 equity shares which will open on January 8.
Vivro Financial Services Private Limited is the Lead Managers to the Issue. The Registrar to the Issue is Bigshare Services Private Limited. The Equity Shares are proposed to be listed on the SME Platform of BSE.
KPI is in a move to expand its existing 15 MW plant to 40 MW for which it requires total around Rs 132 crores. Out of that Rs 86 crores has already sanctioned from Power Finance Corporation, some around Rs 3.5 crores from internal management, Rs 7.9 crores from other source and Rs 39.93 crore from IPO.
The company has its existing land around 209 acres in Bharuch, Gujarat where several works are been carried out.