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KPI Green Energy Raises Rs 300 Crore Via QIP
The issue price indicates a discount of 4.98% to the floor price of Rs 1,245 per share.
22 Dec 2023, 12:04 AM IST 
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(Source: KPI Green Energy website)
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KPI Green Energy Ltd. has raised Rs 300 crore via qualified institutional placements at an issue price of Rs 1,183 per share.
The issue price indicates a discount of 4.98% to the floor price of Rs 1,245 per share, according to an exchange filing.
The company's issue price includes a premium of Rs 1,173 per equity share, which takes into account a discount of Rs 62 per share on the floor price amounting to Rs 1,245 per share.
Shares of KPI Green Energy India closed 1.21% higher at Rs 1,291.45 apiece on the NSE, as compared with a 0.50% advance in the benchmark Nifty 50.
