Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Tue, Mar 9, 2021 - Fri, Mar 12, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 9, 2021
IPO Close
Fri, Mar 12, 2021
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹37.87 Cr
| IPO Date | 9 to 12 Mar, 2021 |
| Listed on | Mon, Mar 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,36,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.5328 Cr) |
| Fresh Issue (Ex Market Maker) | 25,92,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 25,92,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,02,36,000 shares |
| BSE Script Code | 543273 KMEW |
| ISIN | INE0CJD01011 |
Knowledge Marine IPO comprises a total issue size of 27,36,000 shares. The net offer to the public is 25,92,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 12,96,000 (50.00%) allocated to NII 12,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,96,000 | 50.00% | 47.37% |
| Retail Shares Offered | 12,96,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.26% | |
| Total Shares Offered | 27,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 7.60 |
| 2 | General Corporate Purpose | 1.47 |
The KMEW IPO is subscribed 2.87 times on March 12, 2021 7:49:00 AM (Day 4). The public issue subscribed 3.65 times in the retail category, [.] times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.09 | 13,68,000 | 28,56,000 |
| Retail | 3.65 | 13,68,000 | 49,92,000 |
| Total | 2.87 | 27,36,000 | 78,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.71 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹38.00 |
| Low | ₹37.10 |
| High | ₹38.50 |
| Last Trade | ₹38.25 |
Lead Manager Reports
Knowledge Marine IPO is a SME IPO of 27,36,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Mar 9, 2021, and closes on Fri, Mar 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 Tue, Mar 9, 2021 and closes on Fri, Mar 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 Mon, Mar 22, 2021.
