Konstelec Engineers IPO is a book built issue of Rs 28.70 crores. The issue is entirely a fresh issue of 41 lakh shares.
Konstelec Engineers IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The allotment for the Konstelec Engineers IPO is expected to be finalized on Wednesday, January 24, 2024. Konstelec Engineers IPO will list on NSE SME with tentative listing date fixed as Monday, January 29, 2024.
Konstelec Engineers IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Konstelec Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Konstelec Engineers IPO is Spread X Securities.
Refer to Konstelec Engineers IPO RHP for detailed information.
Konstelec Engineers IPO Details
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
| Fresh Issue | 4,100,000 shares (aggregating up to ₹28.70 Cr) |
| Issue Type | Book Built Issue InvIT |
| Listing At | NSE SME |
| Share holding pre issue | 11,000,000 |
| Share holding post issue | 15,100,000 |
| Market Maker portion | 206,000 shares Spread X Securities |
Konstelec Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Konstelec Engineers IPO Timeline (Tentative Schedule)
Konstelec Engineers IPO opens on January 19, 2024, and closes on January 23, 2024.
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
Konstelec Engineers IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Konstelec Engineers IPO Promoter Holding
Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah are the promoters of the company.
| Share Holding Pre Issue | 91.65% |
| Share Holding Post Issue | 66.77% |
About Konstelec Engineers Limited
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.
Konstelec Engineers Limited Financial Information (Restated Consolidated)
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 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Konstelec Engineers IPO is Rs 105.7 Cr.
| KPI | Values |
|---|---|
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| P/BV | 0 |
Check Konstelec Engineers IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.07 | 5.15 |
| P/E (x) | 9.9 | 13.59 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.
Objects of the Issue (Konstelec Engineers IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:onstelec Engineers Limited Contact Details
Konstelec Engineers Limited
308, Creative Industrial Estate
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098
Phone: +91 2243 421551
Email: compliance@konstelec.com
Website: https://www.konstelec.com/
Konstelec Engineers IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php