Bookbuilding IPO | ₹29 Cr | Listed at NSE SME | Fri, Jan 19, 2024 - Wed, Jan 24, 2024
Konstelec Engineers IPO is a book build issue of ₹28.70 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹28.70 crore.
Konstelec Engineers IPO bidding started from Jan 19, 2024 and ended on Jan 24, 2024. The allotment for Konstelec Engineers IPO was finalized on Jan 25, 2024. The shares got listed on NSE SME on Jan 30, 2024.
Konstelec Engineers IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Konstelec Engineers IPO RHP for detailed Information.
IPO Open
Fri, Jan 19, 2024
IPO Close
Wed, Jan 24, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹105.70 Cr
| IPO Date | 19 to 24 Jan, 2024 |
| Listed on | Tue, Jan 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 41,00,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 2,06,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 38,94,000 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 38,94,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,51,00,000 shares |
| NSE Symbol | KONSTELEC |
| ISIN | INE0QEI01011 |
Konstelec Engineers IPO comprises a total issue size of 41,00,000 shares. The net offer to the public is 38,94,000 shares, after excluding 2,06,000 shares allotted on a firm basis. Of the Net offer 19,44,000 (49.92%) are allocated to QIB, 5,86,000 (15.05%) allocated to NII 13,64,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,44,000 | 49.92% | 47.41% |
| − Anchor Investor Shares Offered | 11,66,000 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 7,78,000 | 18.98% | |
| NII (HNI) Shares Offered | 5,86,000 | 15.05% | 14.29% |
| Retail Shares Offered | 13,64,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,06,000 | 5.02% | |
| Total Shares Offered | 41,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Konstelec Engineers IPO raises ₹8.16 crore from anchor investors. Konstelec Engineers IPO Anchor bid date is January 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 18, 2024 |
| Shares Offered | 11,66,000 |
| Anchor Portion (₹ Cr.) | 8.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 24, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 162.23 | 146.13 | 118.84 | 103.64 |
| Total Income | 94.34 | 155.00 | 109.02 | 106.17 |
| Profit After Tax | 4.56 | 7.78 | 3.52 | 1.90 |
| NET Worth | 66.48 | 61.92 | 54.24 | 50.71 |
| Reserves and Surplus | 55.48 | 60.92 | 53.24 | 49.71 |
| Total Borrowing | 41.09 | 35.07 | 26.51 | 25.48 |
| 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 | 18.00 |
| 2 | General corporate purposes | 7.00 |
| 3 | Public Issue Expenses | 3.70 |
| KPI | |
|---|---|
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| PAT Margin | 5.07% |
| Price to Book Value | 1.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.07 | 6.04 |
| P/E (x) | 9.9 | 11.59 |
| Promoter Holding | 91.65% | 66.77% |
| Market Cap | ₹105.70 Cr. |
The Konstelec Engineers IPO is subscribed 341.8 times on January 24, 2024 7:30:00 PM (Day 3). The public issue subscribed 437.67 times in the retail category, 113.8 times in the QIB category, and 421.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 113.8 | 7,78,000 | 8,85,36,000 |
| NII* | 421.36 | 5,86,000 | 24,69,18,000 |
| Retail | 437.67 | 13,64,000 | 59,69,76,000 |
| Total | 341.8 | 27,28,000 | 93,24,30,000 |
Total Application : 2,98,488
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including Underwriting Commission | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to legal advisor to the Issue | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.15 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.08 |
| 6 | Fees payable to Peer Review Auditor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Escrow Bank Fees | 0.21 |
| 9 | Other Expenses | 2.83 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹210.00 |
| Low | ₹210.00 |
| High | ₹220.50 |
| Last Trade | ₹220.50 |
Lead Manager Reports
Konstelec Engineers IPO is a SME IPO of 41,00,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jan 19, 2024, and closes on Wed, Jan 24, 2024.
Skyline Financial Services Pvt.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 Fri, Jan 19, 2024 and closes on Wed, Jan 24, 2024.
Konstelec Engineers IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Konstelec Engineers 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 Konstelec Engineers IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Mon, Jan 29, 2024. Check the Konstelec Engineers IPO allotment status.
The Konstelec Engineers IPO listing date is on Tue, Jan 30, 2024.
