Konstelec Engineers Limited IPO (Konstelec Engineers IPO)

Konstelec Engineers Limited IPO
Upcoming Konstelec Engineers IPO | New Konstelec Engineers IPO

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

Konstelec Engineers IPO – Details

IPO Opening Date19 January 2024
IPO Closing Date24 January 2024
Issue TypeBook Built Issue IPO
Issue Size41,00,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Konstelec Engineers IPO – Date Schedule

IPO Open Date19 January 2024
IPO Close Date24 January 2024
Basis of Allotment25 January 2024
Initiation of Refund29 January 2024
Credit of Shares to Demat Account29 January 2024
IPO Listing Date30 January 2024
Cut-off time for UPI mandate confirmation5 PM on Jan 24, 2024

Konstelec Engineers IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,40,000
Retail (Maximum)120001,40,000
HNI (Minimum)240002,80,000

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.
Konstelec Engineers IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021106.17103.371.9025.48
31 March 2022109.02104.213.5226.50
31 March 2023155.00143.867.7735.07
Amount in ₹ Crore

Key Performance Indicator


Konstelec Engineers IPO Promoter Holding

Pre Issue Share Holding91.65%
Post Issue Share Holding66.77%

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

Konstelec Engineers IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com

Konstelec Engineers IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Konstelec Engineers IPO FAQs

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.
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