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 IPO – Details
| IPO Opening Date | 19 January 2024 |
| IPO Closing Date | 24 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 41,00,000 Shares Worth ₹28.70 Crore Fresh Issue: 41,00,000 Shares Worth ₹28.70 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Konstelec Engineers IPO – Date Schedule
| IPO Open Date | 19 January 2024 |
| IPO Close Date | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation of Refund | 29 January 2024 |
| Credit of Shares to Demat Account | 29 January 2024 |
| IPO Listing Date | 30 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 24, 2024 |
Konstelec Engineers IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,40,000 |
| Retail (Maximum) | 1 | 2000 | 1,40,000 |
| HNI (Minimum) | 2 | 4000 | 2,80,000 |
Competitive Strengths
- Expertise and Experience.
- Strong Project Management.
- Comprehensive Service Offering.
- Diverse and Skilled Workforce.
- Robust Technical Infrastructure.
- Strong Client Relationships.
- Track Record of Successful Projects.
Company Promoters
- Mr. Biharilal Ravilal Shah
- Mr. Amish Biharilal Shah
Object Of The Issue
- To Meet Working Capital Requirements.
- General corporate purposes.
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 106.17 | 103.37 | 1.90 | 25.48 |
| 31 March 2022 | 109.02 | 104.21 | 3.52 | 26.50 |
| 31 March 2023 | 155.00 | 143.86 | 7.77 | 35.07 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| P/BV | 0 |
Konstelec Engineers IPO Promoter Holding
| Pre Issue Share Holding | 91.65% |
| Post Issue Share Holding | 66.77% |
Konstelec Engineers IPO Prospectus
Company Contact Information
| 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 |
Konstelec Engineers IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Konstelec Engineers IPO FAQs
| What is Konstelec Engineers IPO? Konstelec Engineers IPO is a SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Konstelec Engineers IPO will open? The IPO is to open on 19 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Konstelec Engineers IPO? You can apply Konstelec Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Konstelec Engineers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Konstelec Engineers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Konstelec Engineers IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Konstelec Engineers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Konstelec Engineers IPO Size? Konstelec Engineers IPO size is ₹28.70 crores. |
| What is Konstelec Engineers IPO Price Band? Konstelec Engineers IPO Price Band is ₹66 – ₹70. |
| What is Konstelec Engineers IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Konstelec Engineers IPO Allotment Date? Konstelec Engineers IPO allotment date is 25 January 2024. |
| What is the Konstelec Engineers IPO Listing Date? Konstelec Engineers IPO listing date is 30 January 2024. The IPO is to list on NSE SME. |
