The Konstelec Engineers IPO date has been confirmed from January 19, 2024 and closes on January 24, 2024. Read the post to learn about Konstelec Engineers IPO GMP.
Konstelec Engineers IPO is a fixed price issue of Rs 28.70 crores. The price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
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Key Details Of Konstelec Engineers IPO:
Bidding Dates
January 19-24
Price Range
₹66 to ₹70
Face Value
₹10 per share
GMP
₹105
Konstelec Engineers IPO GMP
The Konstelec Engineers IPO GMP Today is ₹105.
Konstelec Engineers IPO Overview
Konstelec Engineers IPO is a book-built issuance worth Rs 28.70 crore. The issue is wholly new, with 41 lakh shares issued. Konstelec Engineer initial public offering (IPO) will begin on January 19, 2024 and end on January 22, 2024. The allotment for Konstelec Engineers’ IPO is planned to be completed on Tuesday, January 23, 2024. Konstelec Engineers’ IPO will be listed on NSE SME, with a tentative listing date of Thursday, January 25, 2024. The Konstelec Engineers IPO price band is from ₹66 to ₹70 per share.
The minimum lot size for an application is 2000 shares. Retail investors require a minimum investment of ₹140,000. The minimum investment for HNI is 2 lots (4,000 shares) worth ₹280,000. As of August 31, 2023, Konstelec Engineers Limited had an order book of over 50 significant projects valued around 565 crores in various stages of implementation. The company employs 884 people throughout India and Africa.
Konstelec Engineers IPO Details
| IPO Date | January 19, 2024 to January 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
| Fresh Issue | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,000,000 |
| Share holding post issue | 15,100,000 |
| Market Maker portion | 206,000 shares |
Konstelec Engineers Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 and Surplus | 6,091.50 | 5,323.73 | 4,971.48 |
| Total Borrowing | 3,507.15 | 2,650.59 | 2,548.12 |
Konstelec Engineers IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Monday, January 22, 2024 |
| Basis of Allotment | Tuesday, January 23, 2024 |
| Initiation of Refunds | Wednesday, January 24, 2024 |
| Credit of Shares to Demat | Wednesday, January 24, 2024 |
| Listing Date | Thursday, January 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 22, 2024 |
Company Profile
Konstelec Engineers Limited, founded in December 1995, stands as an EPC business, which engages in the engineering, procurement, and construction/commissioning. From professionally-produced engineering drawings to procurement, commissioning and operations management, I cover every stage of hydropower and oil and gas plant construction and maintenance. The company’s main activity is electric installation, setting up of the solar power generating plant, instrumentation, and automation. The company is characterized by its breadth of experience with more than 200 projects of all dimensions and complexities wherein it has successfully finished 45 major projects costing more than 400 crores.
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, among others. The company serves over 15 states in India and Nigeria.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Konstelec Engineers Limited |
| Phone number | +91 2243 421551 |
| Email ID | [email protected] |
| Website | konstelec.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Konstelec Engineers IPO FAQs
When Konstelec Engineers IPO will open?
The Konstelec Engineers IPO opens on January 19, 2024 and closes on January 22, 2024.
What is the lot size of Konstelec Engineers IPO?
Konstelec Engineers IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
When is Konstelec Engineers IPO allotment?
The finalization of Basis of Allotment for Konstelec Engineers IPO will be done on Tuesday, January 23, 2024, and the allotted shares will be credited to your demat account by Wednesday, January 24, 2024.
When is Konstelec Engineers IPO listing date?
The Konstelec Engineers IPO listing date is not yet announced. The tentative date of Konstelec Engineers IPO listing is Thursday, January 25, 2024.
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