Konstelec Engineers Limited IPO

19 Jan 2024 - 23 Jan 2024 Individual Category SME IPO NSE

Min Investment

₹264000

Price Band

₹66-₹70

Issue Size

41 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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19 Jan 2024

Open Date

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23 Jan 2024

Close Date

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24 Jan 2024

Allotment Date

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29 Jan 2024

Listing Date

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.

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About Konstelec Engineers Limited Ipo

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.

Founded

1995

Managing Director

Biharilal Ravilal Shah

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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