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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.
Konstelec Engineers IPO Overview
| 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 | 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 Spread X Securities |
Konstelec Engineers IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Konstelec Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Konstelec Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,166,000 (28.44%) |
| Market Maker Shares Offered | 206,000 (5.02%) |
| QIB Shares Offered | 778,000 (18.98%) |
| NII (HNI) Shares Offered | 586,000 (14.29%) |
| Retail Shares Offered | 1,364,000 (33.27%) | Total Shares Offered | 4,100,000 (100%) |
Konstelec Engineers IPO Promoter Holding
| Share Holding Pre Issue | 91.65% |
| Share Holding Post Issue | 66.77% |
Konstelec Engineers IPO Anchor Investors Details
| Bid Date | January 18, 2024 |
| Shares Offered | 1,166,000 |
| 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 |
Company & Financials
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.
Konstelec Engineers Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
FAQs for Konstelec Engineers IPO
-
What is the Konstelec Engineers Ltd IPO?
Konstelec Engineers IPO is a book-built IPO. The dates for the IPO are January 19, 2024, to January 23, 2024.
-
When will Konstelec Engineers Ltd IPO be allotted?
The basis of allotment will be finalized on Wednesday, January 24, 2024. The credit of shares to the demat accounts will take place on Thursday, January 25, 2024.
-
When will Konstelec Engineers Ltd IPO open for subscription?
The IPO subscription window is from January 19, 2024, to January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO is 2,000 shares per lot.
-
When will Konstelec Engineers Ltd list on exchanges?
Konstelec Engineers Ltd will be listed on the NSE Emerge on Monday, January 29, 2024.
Konstelec Engineers IPO Subscription Status
Category
Subscription (times)
QIB
113.80
NII
421.36
Retail
437.67
Total
341.80
RHP:
RHP of Konstelec Engineers Limited IPO
Anchor Investor Link:
Anchor Investor Link of Konstelec Engineers Limited IPO
-
What is the Konstelec Engineers Ltd IPO?
Konstelec Engineers IPO is a book-built IPO. The dates for the IPO are January 19, 2024, to January 23, 2024.
-
When will Konstelec Engineers Ltd IPO be allotted?
The basis of allotment will be finalized on Wednesday, January 24, 2024. The credit of shares to the demat accounts will take place on Thursday, January 25, 2024.
-
When will Konstelec Engineers Ltd IPO open for subscription?
The IPO subscription window is from January 19, 2024, to January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO is 2,000 shares per lot.
-
When will Konstelec Engineers Ltd list on exchanges?
Konstelec Engineers Ltd will be listed on the NSE Emerge on Monday, January 29, 2024.
Konstelec Engineers IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 113.80 |
| NII | 421.36 |
| Retail | 437.67 |
| Total | 341.80 |
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