Konstelec Engineers Limited IPO
NSE SMEListed On: Jan 30, 2024 at ₹ 210.0
₹ 280000 /4000 Shares
*Min Investment
19 Jan, 2024
Open Date24 Jan, 2024
Close Date25 Jan, 2024
Allotment Date30 Jan, 2024
Listing DateKonstelec Engineers Limited IPO Issue Details
- Issue Price ₹66-70 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 41,00,000 shares(aggregating up to ₹28.7 crore)
- Fresh Share 41,00,000 shares(aggregating up to ₹28.7 crore)
- Listing at NSE SME
- List Price 210.0
- Listing Date 2024-01-30
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Konstelec Engineers Limited IPO Reservation
Konstelec Engineers Limited IPO offers total 4,100,000 shares. Out of which 778,000 (18.98%) allocated to QIB, 586,000 (14.29%) allocated to NII,1,364,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1,166,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Limited IPO Details
Konstelec Engineers Limited IPO is an SME IPO, priced at ₹66-70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 41,00,000 equity shares, aggregating up to ₹28.7 crores..
The IPO bidding window is open from Jan 19, 2024 to Jan 24, 2024. The allotment is expected to be finalized on Jan 25, 2024, and the tentative listing date is Jan 30, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Konstelec Engineers Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 778,000 / 586,000 | 1,364,000 | 2,728,000 |
Day 1 19-01-24 06:00 PM | 7.09 / 19.77 x | 40.02 x | 26.28 x |
Day 2 23-01-24 06:00 PM | 12.80 / 116.81 x | 234.58 x | 146.02 x |
Day 3 24-01-24 06:00 PM | 113.80 / 421.70 x | 437.62 x | 341.85 x |
Konstelec Engineers Limited Valuations
Konstelec Engineers Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 14,612.99 | 11,884.44 | 10,364.02 |
| Revenue | 15,500.05 | 10,902.31 | 10,617.16 |
| Profit After Tax | 777.77 | 352.25 | 190.34 |
| Net Worth | 6,191.50 | 5,423.73 | 5,071.48 |
| Reserves & Surplus | 6,091.50 | 5,323.73 | 4,971.48 |
| Total Borrowing | 3,507.15 | 2,650.59 | 2,548.12 |
About Konstelec Engineers Limited Company
Konstelec Engineers Limited was found in December 1995 and is operating in the areas of engineering, procurement and construction/commissioning (EPC).
Its various services comprise of engineering and drawing, procurement operations and maintenance project management construction as well as commissioning. These are its services in areas: electrical installation installation of a solar power plant instrumentation, and automation. The company completed more than 200 projects of various scales and complexity: 45 main projects amounting to more than 400 crores.
The company's clients are of a different nature. They 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 services provided by the company to its customers span more than 15 states in India and Nigeria.
As on November 30, 2023, the order book of Konstelec Engineers Limited exceeds more than 57 major projects to the order book value of about 573 crores. They employ over 800 people, mainly in India and Africa: above 120 engineers and above 250 technicians, amongst various locally employed staff.
Konstelec Engineers Limited - Promoter(s)
Mr. Biharilal Ravilal Shah
Mr. Amish Biharilal Shah
Pre Issue Share Holding : 91.65%
Post Issue Share Holding : 66.77%
Konstelec Engineers Limited IPO - Issue Objectives
To Meet Working Capital Requirements
General corporate purposes
To meet Public Issue Expenses.
Konstelec Engineers Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Konstelec Engineers Limited | 7.07 | 7.07 | 56.29 | 9.9 | 12.56 | 1.24 | Consolidated |
| Skipper Limited | 3.46 | 3.46 | 74.75 | 27.77 | 4.63 | 1.29 | Consolidated |
Notes:
- RoNW is computed as Consolidated Net Profit after Tax divided by the Consolidated closing net worth.
- Net worth has been computed as the sum of share capital and reserves and surplus reduced by preliminary expenses, if any.
- NAV is computed as the Consolidated closing net worth divided by the closing outstanding number of equity shares.
- Current Market Price (CMP) is taken as the closing price of respective scripts as of March 31, 2023, at NSE, as applicable.
- For the Company, the Current Market Price is the same as the issue price of equity shares.
Contact Details
Konstelec Engineers Limited
308, Creative Industrial Estate, Sundar Nagar Lane No. 2, Kalina, Santacruz (East), Mumbai- 400098
+91 2243 421551
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Konstelec Engineers Limited IPO - FAQs
Ans. Konstelec Engineers Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 19, 2024, and closes on Jan 24, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Konstelec Engineers Limited IPO opens on Jan 19, 2024 and closes on Jan 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Konstelec Engineers Limited IPO is 4,100,000 shares(aggregating up to ₹28.70 Cr).
Ans. The Konstelec Engineers Limited IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Konstelec Engineers Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Konstelec Engineers Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Konstelec Engineers Limited IPO is Jan 25, 2024.
Ans. The Konstelec Engineers Limited IPO will be listed on Jan 30, 2024.
Ans. Follow the steps to check the Konstelec Engineers Limited IPO allotment status online.
