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KNR Constructions IPO is a book built issue of Rs 133.87 crores.
KNR Constructions IPO bidding started from January 24, 2008 and ended on January 29, 2008. The shares got listed on BSE, NSE on February 18, 2008.
KNR Constructions IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,300.
Axis Bank Limited is the book running lead manager of the KNR Constructions IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to KNR Constructions IPO RHP for detailed information.
| IPO Date | January 24, 2008 to January 29, 2008 |
| Listing Date | February 18, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 7,874,570 shares (aggregating up to ₹133.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 20,248,890 |
| Share holding post issue | 28,123,460 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,300 |
| Retail (Max) | 31 | 1085 | ₹195,300 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 99.33% |
| Share Holding Post Issue | 71.52% |
Incorporated in 1995, KNR Constructions Limited is an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh.
Some of the major projects completed by KNR:
Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.
Rehabilitation and upgrading of Surat (Gujrat).
Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.
Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.
Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
| KPI | Values |
|---|---|
| RoNW | 35.79% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Further Equity investment in BOT projects;
2. Purchase of capital equipment;
3. For meeting working capital requirement;
4. For General Corporate Purpose.
The KNR Constructions IPO is subscribed 1.25 times on January 29, 2008 5:00:00 PM. The public issue subscribed 0.28 times in the retail category, 1.38 times in the QIB category, and 3.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
KNR Constructions Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average, in relation to other listed equity securities in India.
| Listing Date | February 18, 2008 |
| BSE Script Code | 532942 |
| NSE Symbol | KNRCON |
| ISIN | INE634I01011 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹180.00 |
| ₹180.00 |
| ₹151.15 |
| ₹199.00 |
| ₹154.35 |
| NSE |
|---|
| ₹180.00 |
| ₹210.00 |
| ₹151.30 |
| ₹210.00 |
| ₹154.90 |
KNR Constructions Limited
6-3-635, 3rd Floor,
Akash Ganga, Khairathabad,
Hyderabad 500 004, India
Phone: +91-40-23323435
Email: ipo@knrcl.com
Website: http://www.knrcl.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: knr.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
KNR Constructions IPO is a main-board IPO of 7,874,570 equity shares of the face value of ₹10 aggregating up to ₹133.87 Crores. The issue is priced at ₹170 to ₹180 per share. The minimum order quantity is 35 Shares.
The IPO opens on January 24, 2008, and closes on January 29, 2008.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The KNR Constructions IPO opens on January 24, 2008 and closes on January 29, 2008.
KNR Constructions IPO lot size is 35 Shares, and the minimum amount required is ₹6,300.
You can apply in KNR Constructions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for KNR Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the KNR Constructions IPO allotment status.
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