Knowledge Marine & Engineering Works Limited IPO Detail
Incorporated in 2015, Knowledge Marine & Engineering works Limited is primarily engaged in Marine Crafts and Marine Infrastructure Engineering and construction work. It is an established player in the small-crafts business segment in India.
The business operates in two segments; one is owning and operating Marine Craft and another comprised of ancillary services like repairing and maintenance, offering technical manpower solutions, conducting marine hydrographic and magnetometer surveys, etc.
The company has agreements with International Seaport Dredging Private Limited, Indian Port Dredging Private Limited, Paradip Port Trust, Solitaire Marine & Offshore Private Limited, and Visakhapatnam Port Trust to offer various services. The company owns many marine crafts such as River Pearl 1, River Pearl 2, River Pearl 3, and River Pearl 4.
Competitive strengths
- Diversified range of modern technology Marine Crafts.
- Leading player in the small-crafts segment in India.
- Experienced and qualified management.
- Strong order book value.
- Consistent financial performance track record.
Company Promoters
Mr. Saurabh M. Daswani and Mrs. Kanak S. Kewalramani are the company promoters.IPO Details
| IPO Opening Date | Mar 09, 2021 |
| IPO Closing Date | Mar 12, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹10.12 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Knowledge Marine & Engineering Works Limited IPO open date is Mar 09, 2021, and the close date is Mar 12, 2021. The issue may list on Mar 22, 2021.
| IPO Open Date | Mar 09, 2021 |
| IPO Close Date | Mar 12, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | Mar 22, 2021 |
IPO Lot Size
The Knowledge Marine & Engineering Works Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹111000 |
| Maximum | 1 | 3000 | ₹111000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 3,381.29 | 1,634.39 | 380.06 |
| 31-Mar-20 | 3,550.60 | 2,417.97 | 424.78 |
| 31-Mar-19 | 2,994.45 | 1,059.52 | 270.92 |
| 31-Mar-18 | 1,409.29 | 1,064.19 | 143.82 |
Objects of the Issue:
The IPO proceed will be used towards the following purposes;
- To raise funds for business expansion (Building new craft river pearl 5, 20 Knots speed patrol boat for Visakhapatnam).
- To meet business working capital requirements.
- To meet general corporate purposes.
- To meet issue related expenditures.
