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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 ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,32,000 (2000 shares). The minimum lot size investment for 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 Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 41,00,000 shares (aggregating up to ₹28.70 Cr) |
| Reserved for Market Maker | 2,06,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.44 Cr) |
| Net Offered to Public | 38,94,000 shares (aggregating up to ₹27.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,51,00,000 shares |
Konstelec Engineers IPO offers total 41,00,000 shares. Out of which 19,44,000 (47.41%) allocated to QIB, 7,78,000 (18.98%) allocated to QIB, 5,86,000 (14.29%) allocated to NII, 13,64,000 (33.27%) allocated to RII and 11,66,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,06,000 (5.02%) |
| QIB Shares Offered | 19,44,000 (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 (14.29%) |
| Retail Shares Offered | 13,64,000 (33.27%) |
| Total Shares Offered | 41,00,000 (100.00%) |
Konstelec Engineers IPO raises ₹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 | 11,66,000 |
| 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 | Fri, Jan 19, 2024 |
| IPO Close Date | Wed, Jan 24, 2024 |
| Tentative Allotment | Thu, Jan 25, 2024 |
| Initiation of Refunds | Mon, Jan 29, 2024 |
| Credit of Shares to Demat | Mon, Jan 29, 2024 |
| Tentative Listing Date | Tue, Jan 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 24, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹105.70 Cr.
| KPI | Values |
|---|---|
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| Price to Book Value | 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...
| Listing Date | January 30, 2024 |
| BSE Script Code | |
| NSE Symbol | KONSTELEC |
| ISIN | INE0QEI01011 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹210.00 |
| Low | ₹210.00 |
| High | ₹220.50 |
| Last Trade | ₹220.50 |
Konstelec Engineers Ltd.
308, Creative Industrial Estate
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098
Mumbai, Maharashtra
Phone: +91 2243 421551
Email: compliance@konstelec.com
Website: https://www.konstelec.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Konstelec Engineers IPO is a SME IPO of 41,00,000 equity shares of the face value of ₹10 aggregating up to ₹28.70 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on January 19, 2024, and closes on January 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 January 19, 2024 and closes on January 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 Monday, January 29, 2024. Check the Konstelec Engineers IPO allotment status.
The Konstelec Engineers IPO listing date is on Tuesday, January 30, 2024.
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