<p>The renewable energy firm KPI Green Energy, situated in Gujarat, reached a record high of Rs 1,719.75 per share, which was also its 5% upper circuit. The fact that the share price of KPI Green stopped at its upper circuit on February 22nd meant that there were no sellers. The stock has seen incredible increases and has emerged as a multi-bagger. Following its ex-bonus, the share price of KPI Green has been moving at a 1:2 ratio.</p>
<p><img decoding=”async” class=”alignnone wp-image-437649″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-12-bonus-issue-after-rising-by-564-from-one-year-lows-the-rs-1720-green-energy-sto.jpg” alt=”theindiaprint.com 12 bonus issue after rising by 564 from one year lows the rs 1720 green energy sto” width=”1078″ height=”607″ title=”1:2 Bonus Issue: After Rising By 564% From One-Year Lows, The Rs 1,720 Green Energy Stock Sets A New Record 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-12-bonus-issue-after-rising-by-564-from-one-year-lows-the-rs-1720-green-energy-sto.jpg 600w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-12-bonus-issue-after-rising-by-564-from-one-year-lows-the-rs-1720-green-energy-sto-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-12-bonus-issue-after-rising-by-564-from-one-year-lows-the-rs-1720-green-energy-sto-150×85.jpg 150w” sizes=”(max-width: 1078px) 100vw, 1078px” /></p>
<p>The closing price of KPI Green shares on the BSE was Rs 1,719.75 a share, or the 5% upper circuits. Nevertheless, KPI Green’s stock has surged a staggering 563.58% on the board.</p>
<p>KPI Green is a small business that has a Rs 10,367.10 crore market valuation.</p>
<p>In accordance with the ratio of one (1) equity share with a face value of Rs. 10/-per for every two (2) existing equity shares with a face value of Rs. 10/-per, KPI Green has announced the allotment of 2,00,94,203 bonus equity shares to members whose names were listed in the Register of Members/List of Beneficial Owners as of February 15, 2024, the record date set for that purpose.</p>
<p>As a result, according to KPI Green, the company’s paid-up equity share capital increased from Rs. 40,18,84,050/-, which consisted of 4,01,88,405 (Four Crores One Lakh Eighty-Eight Thousand Four Hundred and Five) Equity Shares of Rs. 10/-per share, to Rs. 60,28,26,080, which consisted of 6,02,82,608/-each Equity Share.</p>
<p>The newly granted Bonus Equity shares will rank equally with the company’s current Equity Shares in every way. It said that the necessary compliances for the credit of Bonus Equity Shares in the Shareholders’ demat accounts would be finished soon.</p>
<p>The company’s consolidated net profit for Q3FY24 was Rs 50.60 crore, up from Rs 34.45 crore in Q3FY23 and Rs 34.74 crore in Q2FY24. Compared to Rs 179.21 crore in Q3FY23 and Rs 215.06 crore in Q2FY24, the combined income from operations was Rs 330.11 crore in Q3FY24.</p>
<p>A significant turning point in KPI Green’s journey was reached in the third quarter when the company raised Rs 300 Cr via a Qualified Institutional Placement (QIP) by issuing shares to Qualified Institutional Buyers (QIBs). Within hours of its launch, the QIP was oversubscribed three times, demonstrating the broad confidence of major institutional investors in KP Group’s development ambitions. The primary manager for book-running (BRLM) was SBI Capital Markets.</p>
<p>The following are KPI Green’s growth strategies:</p>
<p>1. The business takes advantage of the robust and expanding market for renewable energy solutions, particularly in light of international initiatives to halt climate change and transition to sustainable practices. There is a chance for KPI Green to increase sales and market share due to the growing demand for renewable energy sources.</p>
<p>2. Building trust with stakeholders, investors, and consumers requires honesty and openness in all company operations. KPI thinks it can get more customers and a competitive edge in the market by upholding strong ethical standards and effective communication.</p>
<p>3. Its reputation is improved and customer connections are reinforced when project deadlines are met and promises are kept. Ongoing growth may be facilitated by timely project completion, which can result in recurring business and favorable word-of-mouth recommendations.</p>
<p>4. The firm invests in combining different renewable sources including wind, solar, and storage technologies because it understands that hybrid renewable energy projects are the way of the future. This kind of diversification not only increases profit possibilities and opens up new income sources, but it also improves energy dependability.</p>
<p>5. With goals for 500 MW and 50% capacity of renewable resources, there is enough push and concentration on renewables at the national level. The ambitious goal of Center is to achieve net zero by 2070. In October 2023, the Gujarati government also unveiled its renewable strategy, which would sufficiently promote renewable energy sources throughout the next five years. The removal of capacity restrictions and monthly energy banking would greatly aid in the deployment of renewable energy sources.</p>
<p>The well-known Gujarat-based renewable power producing business KPI Green Energy, formerly known as K.P.I. Global Infrastructure Limited, is the renewable vertical of the KP Group. incorporated in February 2008 with a primary goal of supplying renewable energy across several business sectors.</p>
