FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Konstelec Engineers IPO is a book built issue of Rs 28.70 crores. The issue is entirely a fresh issue of 41 lakh shares.
Konstelec Engineers IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for Konstelec Engineers IPO was finalized on Thursday, January 25, 2024. The shares got listed on NSE SME on January 30, 2024.
Konstelec Engineers IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Konstelec Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Konstelec Engineers IPO is Spread X Securities.
Refer to Konstelec Engineers IPO RHP for detailed information.
IPO Date | January 19, 2024 to January 24, 2024 |
Listing Date | January 30, 2024 |
Face Value | ₹10 per share |
Price Band | ₹66 to ₹70 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
Fresh Issue | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 11,000,000 |
Share holding post issue | 15,100,000 |
Market Maker portion | 206,000 shares Spread X Securities |
Konstelec Engineers IPO offers 4,100,000 shares. 778,000 (18.98%) to QIB, 586,000 (14.29%) to NII, 1,364,000 (33.27%) to RII and 1,166,000 (28.44%) to Anchor investors.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | 1,166,000 (28.44%) |
Market Maker Shares Offered | 206,000 (5.02%) |
QIB Shares Offered | 778,000 (18.98%) |
NII (HNI) Shares Offered | 586,000 (14.29%) |
Retail Shares Offered | 1,364,000 (33.27%) |
Total Shares Offered | 4,100,000 (100%) |
Konstelec Engineers IPO raises Rs 8.16 crore from anchor investors. Konstelec Engineers IPO Anchor bid date is January 18, 2024. Konstelec Engineers IPO Anchor Investors list
Bid Date | January 18, 2024 |
Shares Offered | 1,166,000 |
Anchor Portion Size (In Cr.) | 8.16 |
Anchor lock-in period end date for 50% shares (30 Days) | February 24, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | April 24, 2024 |
Konstelec Engineers IPO opens on January 19, 2024, and closes on January 24, 2024.
IPO Open Date | Friday, January 19, 2024 |
IPO Close Date | Wednesday, January 24, 2024 |
Basis of Allotment | Thursday, January 25, 2024 |
Initiation of Refunds | Monday, January 29, 2024 |
Credit of Shares to Demat | Monday, January 29, 2024 |
Listing Date | Tuesday, January 30, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹140,000 |
Retail (Max) | 1 | 2000 | ₹140,000 |
HNI (Min) | 2 | 4,000 | ₹280,000 |
Lot Size Calculator |
Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah are the promoters of the company.
Share Holding Pre Issue | 91.65% |
Share Holding Post Issue | 66.77% |
Founded in December 1995, Konstelec Engineers Limited is active in the fields of engineering, procurement and construction/commissioning (EPC).
The company offers a wide range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning. The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects of varying size and complexity, including 45 major projects worth over 400 crores.
The company's clients include Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Ltd, Navin Fluorine International Ltd and IGPL, etc.
The company provides services in more than 15 states in India and Nigeria.
As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation.
The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.
Konstelec Engineers Limited's revenue increased by 42.17% and profit after tax (PAT) rose by 120.8% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 16,223.23 | 14,612.99 | 11,884.44 | 10,364.02 |
Revenue | 9,434.05 | 15,500.05 | 10,902.31 | 10,617.16 |
Profit After Tax | 456.16 | 777.77 | 352.25 | 190.34 |
Net Worth | 6,647.68 | 6,191.50 | 5,423.73 | 5,071.48 |
Reserves and Surplus | 5,547.68 | 6,091.50 | 5,323.73 | 4,971.48 |
Total Borrowing | 4,109.45 | 3,507.15 | 2,650.59 | 2,548.12 |
Amount in ₹ Lakhs |
The market capitalization of Konstelec Engineers IPO is Rs 105.7 Cr.
KPI | Values |
---|---|
ROE | 13.39% |
ROCE | 16.81% |
Debt/Equity | 0.57 |
RoNW | 12.56% |
P/BV | 1.24 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 7.07 | 6.04 |
P/E (x) | 9.9 | 11.59 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is an EPC contractor having Pan-India presence and ongoing projects in 15 states. It has specialization in electrical installations and has orders worth Rs. 380 cr. for ongoing projects. Based on its financial performance, the issue appears reasonably priced. Investors may consider parking of funds for the medium to long term rewards. Read detail review...
The Konstelec Engineers IPO is subscribed 341.80 times on January 24, 2024 7:30:00 PM. The public issue subscribed 437.67 times in the retail category, 113.80 times in the QIB category, and 421.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 113.80 |
NII | 421.36 |
Retail | 437.67 |
Total | 341.80 |
Total Application : 298,488 (437.67 times)
Listing Date | January 30, 2024 |
BSE Script Code | |
NSE Symbol | KONSTELEC |
ISIN | INE0QEI01011 |
Final Issue Price | ₹70 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹70.00 |
₹210.00 |
₹210.00 |
₹220.50 |
₹220.50 |
Konstelec Engineers Limited
308, Creative Industrial Estate
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098
Phone: +91 2243 421551
Email: compliance@konstelec.com
Website: https://www.konstelec.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide
Konstelec Engineers IPO is a SME IPO of 4,100,000 equity shares of the face value of ₹10 aggregating up to ₹28.70 Crores. The issue is priced at ₹66 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on January 19, 2024, and closes on January 24, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Konstelec Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Konstelec Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Konstelec Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Konstelec Engineers IPO opens on January 19, 2024 and closes on January 24, 2024.
Konstelec Engineers IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Konstelec Engineers 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 Konstelec Engineers IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024. Check the Konstelec Engineers IPO allotment status.
Useful Articles
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|