Konstelec Engineers Limited InvIT IPO Detail
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.
As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation.
The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.
Company Promoters
Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal ShahIPO Details
| IPO Opening Date | Jan 19, 2024 |
| IPO Closing Date | Jan 23, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 - 70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹28.70 Cr |
| Fresh Issue | ₹28.70 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 7.09x | - | - | 19.76x | 39.81x | 26.17x |
| Day 2 | 7.09x | - | - | 20.02x | 41.55x | 27.10x |
| Day 3 | 12.80x | - | - | 116.60x | 233.35x | 145.37x |
IPO Tentative Timetable
The Konstelec Engineers Limited InvIT IPO open date is Jan 19, 2024, and the close date is Jan 23, 2024. The issue may list on Jan 29, 2024.
| IPO Open Date | Jan 19, 2024 |
| IPO Close Date | Jan 23, 2024 |
| Basis of Allotment Date | Jan 24, 2024 |
| Initiation of Refunds | Jan 25, 2024 |
| Credit of Shares to Demat Account | Jan 25, 2024 |
| IPO Listing Date | Jan 29, 2024 |
IPO Lot Size
The Konstelec Engineers Limited InvIT IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 91.65% |
| Post Issue Share Holding | 66.77% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 10364.02 | 10617.16 | 190.34 |
| 31-Mar-22 | 11884.44 | 10902.31 | 352.25 |
| 31-Mar-23 | 14612.99 | 15500.05 | 777.77 |
| 30-Sep-23 | 16223.23 | 9434.05 | 456.16 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses.
Konstelec Engineers Limited InvIT IPO Registrar:
Skyline Financial Services Private Ltd
Konstelec Engineers Limited InvIT IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Konstelec Engineers Limited InvIT
308, Creative Industrial Estate
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098
