19-Jan-2024
2 mins read
Konstelec Engineers Limited IPO SME 2024 is open for subscription from January 19, 2024, Friday to January 23, 2024, Tuesday. The price band is set at Rs 66 to Rs 70 per share. The minimum lot size of this IPO is 2000 shares. Meanwhile, the maximum lot size for the HNI category is (2 lot) 4000 shares. The minimum amount of investment required for retail investors is Rs 1,40,000. (70 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (70 x 4000 shares). Konstelec Engineers Limited IPO 2024 is a book-built issue of Rs 28.70 crore. This issue is entirely fresh and consists of 41 lakh equity shares. The allotment for this IPO is expected to be finalised on Wednesday, January 24, 2024. Konstelec Engineers IPO will be listed on NSE SME, and the listing date will be decided on Monday, January 29, 2024. The book-running lead manager of Konstelec Engineers Limited is Beeline Capital Advisors Pvt Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for Konstelec Engineers IPO is Spread X securities.
About Konstelec Engineers Limited
Konstelec Engineers Limited was incorporated on December 5, 1995, as a private company. It started its business operations as a Design Engineering company. As time flew, Konstelec expanded its business services and constantly upgraded its technology, systems, and processes of doing business. Konstelec is an EPC company, so they are specialised in delivering full-scale project management. Moreover, they also specialise in procurement support and detailed engineering services for various kinds of electrical infrastructure projects. Konstelec has a skilled team and strong project execution capabilities. With a client-centric focus, they are committed to delivering high-quality, safe and innovative solutions that meet the needs of the customers. Their expertise covers the entire project life cycle, ensuring the timely delivery of the most complex projects. The clients of Knostelec Engineers include prominent names like JSW Steel, Indian Oil, BPCL, HPCL, ACC, Reliance Industries and many more.
Objectives of Konstelec Engineers Limited IPO 2024
The funds raised from this IPO will be utilised to meet the working capital requirements and to meet the public issue expenses. The other objective for this IPO is to expand the business and provide satisfactory results to their clients. The General corporate purpose is one of the objectives that will be fulfilled by the IPO.
Financial Performance of Konstelec Engineers Limited (In Rs Lakh)
Konstelec Engineers Limited’s revenue increased by 42.17% and profit after tax (PAT) rose by 120.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Other Important Details of Konstelec Engineers Limited IPO
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | 29-Jan-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 66 to Rs 70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,100,000 shares (aggregating up to Rs 28.70 Cr) |
| Fresh Issue | 4,100,000 shares (aggregating up to Rs 28.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,000,000 |
| Shareholding post issue | 15,100,000 |
| Market Maker portion | 206,000 shares Spread X Securities |
Lot Size of Konstelec Engineers Limited IPO
| Application | Lots | Shares | Amount (In Rs) |
| Retail (Min) | 1 | 2000 | 140,000 |
| Retail (Max) | 1 | 2000 | 140,000 |
| HNI (Min) | 2 | 4,000 | 280,000 |
IPO Reservation of Konstelec Engineers Limited
| 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%) |
Promoters of Konstelec Engineers Limited IPO
Biharilal Ravilal Shah and Amish Biharilal Shah are the promoters of the company.
Promoter Holdings of Konstelec Engineers Limited IPO 2024
| Shareholding Pre-Issue | 91.65% |
| Shareholding Post Issue | 66.77% |
Anchor Investors Details of Konstelec Engineers Limited IPO 2024
| Bid Date | 18-Jan-24 |
| Shares Offered | 1,166,000 |
| Anchor Portion Size (In Cr.) | 8.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | 6-Mar-24 |
| Anchor lock-in period end date for remaining shares (90 Days) | 6-Jun-24 |
Key Performance Indicator of Konstelec Engineers Limited IPO 2024
| KPI | Values |
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| P/BV | 1.24 |
Subscription Status of Konstelec Engineers Limited IPO 2024
| Category | Subscription (times) | Shares Offered | Shares bid for |
| QIB | 3.52 | 7,78,000 | 27,38,000 |
| NII* | 6.47 | 5,86,000 | 37,90,000 |
| Retail | 20.76 | 13,64,000 | 2,83,14,000 |
| Total | 12.77 | 27,28,000 | 3,48,42,000 |
Lead Manager(s) of Konstelec Engineers Limited IPO 2024
The lead manager for Konstelec Engineers Limited IPO is Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
How to Apply for Konstelec Engineers Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Konstelec Engineers Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Konstelec Engineers Limited IPO 2024
The registrar for Konstelec Engineers Limited IPO is Skyline Financial Services Private Ltd. To check your allotment status, please click on this link https://www.skylinerta.com/
FAQs
- What is Konstelec Engineers Limited IPO 2024?
Konstelec Engineers Limited IPO 2024 is a book-built issue of Rs 28.70 crore. This issue is entirely fresh issue consists of 41 lakh equity shares. The allotment for this IPO is expected to be finalised on Wednesday, January 24, 2024.
- Who are the lead managers for the Konstelec Engineers Limited IPO 2024?
Beeline Capital Advisors Pvt Limited are appointed as the lead managers for the IPO.
- What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for Konstelec Engineers Limited, handling the IPO’s administrative aspects.
- How can I apply for the Konstelec Engineers Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul’s website here for the application process.
- How will the net proceeds from the IPO be utilised?
The funds raised from this IPO will be utilised to meet the working capital requirements and to meet the public issue expenses. The other objective for this IPO is to expand the business and provide satisfactory results to their clients.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Konstelec Engineers Limited IPO 2024 by visiting https://www.skylinerta.com/
- What is the financial performance of Konstelec Engineers Limited?
Konstelec Engineers Limited’s revenue increased by 42.17%, and profit after tax increased by 120.8% between the financial year ending March 31, 2023, and March 31, 2022.