Konstelec Engineers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 66 to ₹ 70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 41,00,000 shares (aggregating up to ₹ 28.70 Cr) |
| Fresh Issue | 41,00,000 shares (aggregating up to ₹ 28.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,10,00,000 |
| Share holding post issue | 1,51,00,000 |
| Market Maker portion | 2,06,000 shares Spread X Securities |
About Konstelec Engineers Limited IPO
Konstelec Engineers Ltd. (KEL) is in the business of Engineering, Procurement, and Construction/ Commissioning (EPC) contractors offering a full range of EPC services in India and abroad. Its services find applications across several processing and various kinds of manufacturing industries such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes, domestically and internationally. It has designed, developed, and executed several complex and integrated projects requiring cutting-edge electrical, instrumentation and automation systems. KEL's key offerings include engineering design and drawings, procurement, operations and maintenance, project management and construction and commissioning. It provides a one-stop solution to clients for various kinds of engineering projects. KEL's expertise includes Electrical Installation, Solar Power Plant Setup, Instrumentation & Automation.
It is an EPC company and specializes in delivering full-scale project management, procurement support, and detailed engineering services for various kinds of electrical infrastructure projects across India and abroad. Konstelec Engineers IPO is a book built issue of Rs 28.70 crores. The issue is entirely a fresh issue of 41 lakh shares. Konstelec Engineers IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Konstelec Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Konstelec Engineers IPO is Spread X Securities.
Objectives of Konstelec Engineers IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Working Capital Requirements.
- 2. General corporate purposes.
- 3. To meet Public Issue Expenses.
Konstelec Engineers IPO Review
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.
Konstelec Engineers Limited IPO Financial Information
Latest Revenue
9,434.05
₹ Crore
Profit After Tax
456.16
₹ Crore
Net Worth
6,647.68
₹ Crore
Total Borrowing
4,109.45
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 16,223.23 | 9,434.05 | 456.16 | 6,647.68 | 4,109.45 | ||||
| 31 Mar 2023 | 14,612.99 | 15,500.05 | 777.77 | 6,191.50 | 3,507.15 | ||||
| 31 Mar 2022 | 11,884.44 | 10,902.31 | 352.25 | 5,423.73 | 2,650.59 | ||||
| 31 Mar 2021 | 10,364.02 | 10,617.16 | 190.34 | 5,071.48 | 2,548.12 | ||||
| Amount in ₹ Crore | |||||||||
Konstelec Engineers Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| P/BV | 1.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.07 | 6.04 |
| P/E (x) | 9.9 | 11.59 |
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Competitive Strengths
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Konstelec Engineers Limited IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |