KPI Green Energy stock price touched a 5% lower circuit after four consecutive sessions winning streak. Despite the latest fall, KPI Green is a multi-bagger with gains of as high as 8,351% in 5 years. In less than 5 months of 2024, the stock has already surged by over 105%. KPI Green is in focus this month for its upcoming stock split and fundraising plan. Earlier this year, KPI Green delivered bonus shares reward.
KPI Green Energy Share Price:
KPI Green Energy's share price froze at its 5% lower circuit to Rs 1,959 apiece on BSE. This will be a fall after rising by 14% from May 2-7th.
The stock's 52-week high and low are at Rs 2,109.25 and Rs 312.86 apiece respectively.
YTD, the stock has rallied by a whopping 106% on BSE, while in a year, KPI surged by 520%. In 5-years, the stock skyrocketed by a whopping 8,351.25%.
5-years ago, the stock was merely at Rs 25 on January 25, 2019. If an investor bought KPI Green shares for Rs 1.5 lakh 5 years ago, their corpus is now valued around Rs 1.27 crore.
KPI Green Energy Fundraising:
KPI's board of directors is set to meet on May 13 to consider a proposal for obtaining an enabling resolution from the shareholders for fundraising by the Company, by way of inter alia, issue of equity shares or any other equity-linked instruments or securities including convertible preference shares and warrants entitling the warrant holder(s) to apply for equity shares, or any other eligible securities through inter alia, a Private Placement or through one or more Qualified Institutions Placements (QIPs) or further public issue of Equity or through any other permissible mode and/or combination thereof.
Earlier, in Q3FY24, KPI Green made a big achievement was raising Rs 300 Cr through a Qualified Institutional Placement (QIP) by issuing shares to Qualified Institutional Buyers (QIBs), marking a major milestone in its journey. The QIP was oversubscribed three times within hours of opening, reflecting the overall trust of large institutional investors in KP Group and its growth prospects. SBI Capital Markets was the book-running lead manager (BRLM).
KPI Green Energy Stock Split:
Furthermore, KPI Green's board is also scheduled to meet on May 23 to consider and approve the proposal for alteration in the capital of the Company by subdivision/split of existing equity shares of the Company having a face value of Rs. 10/- each, fully paid up.
This will be KPI Green's first-ever stock split.
KPI Green Energy Bonus Issue:
KPI Green has delivered a 1:2 bonus issue. The company allotted 2,00,94,203 equity shares having a face value of Rs.10/- each as bonus equity shares, in the ratio of One (1) equity share having a face value of Rs. 10/- each for every Two (2) existing equity share having face value of Rs. 10/- each, to the Members whose names appeared in the Register of Members/List of beneficial owners as on February 15, 2024, being the record date fixed for that purpose.
Consequently, KPI Green said, the paid-up equity share capital of the Company has increased from Rs. 40,18,84,050/-comprising 4,01,88,405 (Four Crores One Lakh Eighty-Eight Thousand Four Hundred and Five) Equity Shares of Rs. 10/- each to Rs. 60,28,26,080, comprising 6,02,82,608/- equity shares of Rs. 10/- each.
KPI Green Energy (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February 2008, focused on providing Renewable power through different Business verticals.
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