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A wholly owned subsidiary and the investment banking arm of State Bank of India
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Sole Banker to highly Successful QIP of KPI Green Energy of INR 300 Crores

2023

Key Deal Highlights

  • Leading renewable energy player with a strong track record of developing, constructing and operating renewable power projects, driven by an experienced teams across all stages of the process
  • Successfully completed 47 IPP projects and 81 CPP projects with a cumulative commissioned capacity of ~343 MW as of September 30, 2023, across 25 sites in Gujarat

Key Deal Highlights and SBICAPS Value Add

  • The issue was oversubscribed with a demand of ~ 3x of the issue size
  • First fund raise post company’s IPO in 5 years. The issue witnessed strong participation across institutional investor categories
  • SBICAPS played a crucial role as the sole banker enabling a seamless and successful closure
  • SBICAPS was instrumental in completing the QIP in less than 3 months, in a crowded window with multiple ECM transactions
  • SBICAPS was crucial in converting marquee long-only investors and hand holding the management throughout the QIP Process
  • The transaction success reflects the increasing investor interest in India’s clean energy transition and its potential to transform India’s energy landscape

Offering Summary

QIP Size INR 300 Cr
SEBI Floor Price INR 1,245.00
QIP Price INR 1,183
Launch Date 21st December 2023

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