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Knowledge Marine IPO is a fixed price issue of ₹10.12 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹10.12 crore.
Knowledge Marine IPO bidding started from Mar 9, 2021 and ended on Mar 12, 2021. The shares got listed on BSE SME on Mar 22, 2021.
Knowledge Marine IPO price is ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Knowledge Marine IPO RHP for detailed Information.
| IPO Date | March 9, 2021 to March 12, 2021 |
| Listing Date | March 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,36,000 shares (aggregating up to ₹10.12 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.5328 Cr) |
| Net Offered to Public | 25,92,000 shares (aggregating up to ₹9.59 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,02,36,000 shares |
KMEW IPO offers total 27,36,000 shares. Out of which 12,96,000 (47.37%) allocated to NII, 12,96,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.26%) |
| NII (HNI) Shares Offered | 12,96,000 (47.37%) |
| Retail Shares Offered | 12,96,000 (47.37%) |
| Total Shares Offered | 27,36,000 (100.00%) |
Knowledge Marine IPO opens on March 9, 2021, and closes on March 12, 2021.
| IPO Open Date | Tue, Mar 9, 2021 |
| IPO Close Date | Fri, Mar 12, 2021 |
| Tentative Listing Date | Mon, Mar 22, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 12, 2021 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, Knowledge Marine & Engineering works Limited is primarily engaged in Marine Crafts and Marine Infrastructure Engineering and construction work. It is an established player in the small-crafts business segment in India.
The business operates in two segments; one is owning and operating Marine Craft and another comprised of ancillary services like repairing and maintenance, offering technical manpower solutions, conducting marine hydrographic and magnetometer surveys, etc.
The company has agreements with International Seaport Dredging Private Limited, Indian Port Dredging Private Limited, Paradip Port Trust, Solitaire Marine & Offshore Private Limited, and Visakhapatnam Port Trust to offer various services. The company owns many marine crafts such as River Pearl 1, River Pearl 2, River Pearl 3, and River Pearl 4.
Competitive strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,381.29 | 3,550.60 | 2,994.45 | 1,409.29 | |
| Total Revenue | 1,634.39 | 2,417.97 | 1,059.52 | 1,064.19 | |
| Profit After Tax | 380.06 | 424.78 | 270.92 | 143.82 | |
The Company Knowledge Marine IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 7.60 |
| 2 | General Corporate Purpose | 1.47 |
[Dilip Davda] Spectacular performance for last 18 months and orders worth Rs. 120 cr. on hand augurs well. The issue is priced at a P/E of around 5 making it a reasonably priced offer. With the developments of ports, dredging and marine crafts repair business is set to grow. Investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | March 22, 2021 |
| BSE Script Code | 543273 |
| NSE Symbol | KMEW |
| ISIN | INE0CJD01011 |
| Final Issue Price | ₹37 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹38.00 |
| Low | ₹37.10 |
| High | ₹38.50 |
| Last Trade | ₹38.25 |
Knowledge Marine & Engineering Works Ltd.
Office No. 402, Sai Samarath Business Park,
Deonar Village Road,
Govandi (East)
Mumbai, Maharashtra, 400088
Phone: +91-022-49739383
Email: info@kmew.in
Website: http://www.kmew.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: kmewl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Knowledge Marine IPO is a SME IPO of 27,36,000 equity shares of the face value of ₹10 aggregating up to ₹10.12 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on March 9, 2021, and closes on March 12, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Knowledge Marine IPO using UPI as a payment gateway. Zerodha customers can apply in Knowledge Marine IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Knowledge Marine IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Knowledge Marine IPO opens on March 9, 2021 and closes on March 12, 2021.
Knowledge Marine IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Knowledge Marine IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Knowledge Marine IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Knowledge Marine IPO allotment status.
The Knowledge Marine IPO listing date is on Monday, March 22, 2021.
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