Konstelec Engineers IPO

Konstelec Engineers IPO will open for subscription from 19 January 2024. The company aims for an issue size of ₹28.70 Cr through this IPO.

Company Overview

Full nameKonstelec Engineers Limited
SectorCapital Goods
Company Websitehttps://www.konstelec.com/

About Company

Konstelec Engineers operates as an Engineering, Procurement, and Construction/Commissioning (EPC) contractor, providing a comprehensive range of EPC services both in India and globally. These services cater to diverse processing and manufacturing industries, including but not limited to oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, healthcare, and commercial complexes, spanning across domestic and international markets.

The company holds an electrical contractor license and has accomplished over 200 projects, varying in size and complexity. Among them, 45 were major projects valued at more than INR 400 crores, executed both in India and abroad. As of 31 August 2023, Konstelec Engineers boasts an order book comprising more than 50 major projects, valued at approximately INR 565 crores.

The company is honored to serve a distinguished clientele, including esteemed names such as 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. Konstelec Engineers offers its services across more than 15 states in India and in Nigeria.

The Objectives of the Issue

  • To Meet Working Capital Requirements
  • General corporate purposes
  • To meet Public Issue Expenses.

Konstelec Engineers IPO Timetable

IPO Opening date19 January 2024
IPO Closing24 January 2024
Basis of Allotment25 January 2024
Initiation Refund29 January 2024
Credit to Demat Account29 January 2024
Listing Date30 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 24, 2024)

Konstelec Engineers IPO details

Issue typeBook Built Issue IPO
IPO issue size₹28.70 Cr – 4,100,000 shares
Fresh Issue₹28.70 Cr – 4,100,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹66 to ₹70 per share
Lot size2000 Shares
Market Maker portion206,000 shares
Shareholding pre-issue11,000,000
Shareholding post-issue15,100,000
Listing ExchangeNSE SME

Konstelec Engineers IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Konstelec Engineers IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,166,000 (28.44%)
Market Maker Shares Offered206,000 (5.02%)
QIB Shares Offered778,000 (18.98%)
NII (HNI) Shares Offered586,000 (14.29%)
Retail Shares Offered1,364,000 (33.27%)
Total Shares Offered4,100,000 (100%)

Konstelec Engineers IPO Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income1.903.527.784.56
(Amount in ₹ Crores)

Konstelec Engineers IPO Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.34 – 9.90
RONW (%)3.756.4912.56
ROCE (%)7.269.0016.81
EBITDA (%)4.585.469.22

Company Promoters

  • Mr. Biharilal Ravilal Shah
  • Mr. Amish Biharilal Shah

Promoter Holding

Pre Issue Share Holding91.65%
Post Issue Share Holding66.77%

Konstelec Engineers IPO Lead Manager(s)

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com

Konstelec Engineers Registrar

D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020, India
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Konstelec Engineers Contact Details

308, Creative Industrial Estate,
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098, Maharashtra
Phone: +91 2243421551
E-mail: compliance@konstelec.com
Website: www.konstelec.com

Konstelec Engineers IPO Allotment Status

Konstelec Engineers IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

Konstelec Engineers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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