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The company's board has authorized and declared the opening of the issue on Monday, 18 December 2023.
The floor price of Rs 1,245 is at a discount of 9.78% to the previous day's closing price of Rs 1,379.90 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
The firm said that its board will meet on Thursday, 21 December 2023 to consider and determine the issue price to equity shares to be issued pursuant to the QIP.
KPI Green Energy is the solar and hybrid vertical of KP Group. It is a prominent Gujarat based solar and hybrid power generating company.
The company’s consolidated net profit jumped 64.2% to Rs 34.75 crore on 34.6% increase in net sales to Rs 215.07 crore in Q2 FY24 over Q2 FY23.
The scrip declined 3.70% to Rs 1,328.85 on the BSE.
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