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 name | Konstelec Engineers Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | https://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 date | 19 January 2024 |
| IPO Closing | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation Refund | 29 January 2024 |
| Credit to Demat Account | 29 January 2024 |
| Listing Date | 30 January 2024 |
Konstelec Engineers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹28.70 Cr – 4,100,000 shares |
| Fresh Issue | ₹28.70 Cr – 4,100,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 206,000 shares |
| Shareholding pre-issue | 11,000,000 |
| Shareholding post-issue | 15,100,000 |
| Listing Exchange | NSE SME |
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 Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 104.89 | 107.05 | 153.41 | 93.05 |
| Expenses | 103.38 | 104.21 | 143.86 | 88.94 |
| Net income | 1.90 | 3.52 | 7.78 | 4.56 |
Konstelec Engineers IPO Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.73 | 3.20 | 7.07 |
| PE ratio | – | – | 9.34 – 9.90 |
| RONW (%) | 3.75 | 6.49 | 12.56 |
| NAV | 46.10 | 49.31 | 56.29 |
| ROCE (%) | 7.26 | 9.00 | 16.81 |
| EBITDA (%) | 4.58 | 5.46 | 9.22 |
| Debt/Equity | 0.50 | 0.49 | 0.57 |
Company Promoters
- Mr. Biharilal Ravilal Shah
- Mr. Amish Biharilal Shah
Promoter Holding
| Pre Issue Share Holding | 91.65% |
| Post Issue Share Holding | 66.77% |
Konstelec Engineers IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
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
KONSTELEC ENGINEERS LIMITED
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
