The Konstelec Engineers date has been confirmed from January 19, 2024 and closes on January 24, 2024.
Konstelec Engineers Developers 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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Bidding Dates
January 19-24
Price Range
₹66 to ₹70 per share
Face Value
₹10 per share
GMP
₹105
Konstelec Engineers IPO GMP
The Konstelec Engineers IPO GMP is ₹105.
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, is an EPC business that specialises in engineering, procurement, and construction/commissioning. The organisation provides a variety of services, including engineering and drawings, procurement, operations and maintenance, project management, and construction and commissioning. The company specialises in electrical installation, solar power plant installation, instrumentation, and automation. The company has completed over 200 projects of all sizes and complexity, including 45
significant projects costing over 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 | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Konstelec Engineers Limited |
| Phone number | +91 2243 421551 |
| Email ID | compliance@konstelec.com |
| Website | konstelec.com |
IPO Strenghts
- 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.
