IPO Details
Bidding Dates
18 Jan '24 - 22 Jan '24
Minimum Investment
₹140,000 / 1 Lots ( 2000 Shares )
Price Range
₹66 - ₹70
Maximum Investment
₹140,000 / 1 Lots ( 2000 Shares )
Retail Discount
Not Applicable
Issue Size
₹28.70 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jan 18, 2024
Closing Date
Jan 22, 2024
Basis of Allotment
Jan 23, 2024
Initiation of Refunds
Jan 24, 2024
Credit of Shares to Demat
Jan 24, 2024
Listing Date
Jan 28, 2024
Cut-off time for UPI mandate confirmation
Jan 22, 2024
About Konstelec Engineers Ltd
Konstelec Engineers Ltd was incorporated on December 5, 1995, as a private limited company and started business operations as a design engineering company. They are Engineering, Procurement, and Construction (EPC) contractors offering a full range of EPC services such as engineering design and drawings, procurement, operations and maintenance, project management and construction.
They currently specialise in delivering full-scale project management, procurement support, and detailed engineering services for various kinds of electrical infrastructure projects across India and abroad. To be specific, their expertise includes Electrical Installation, Solar Power Plant Setup, Instrumentation and Automation.
Their services find applications across several kinds of manufacturing industries such as oil and gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes, domestically and internationally.
As of February 2023, India’s installed solar energy capacity has increased by 24.4 times in the last 9 years and stands at 63.3 GW. India’s power consumption grew by 11.65% in H1 FY23. Therefore, an organised infrastructure developer like Konstelec Engineers can benefit from an expansion of the power sector, especially the solar power industry, over time.
Konstelec Engineers Ltd IPO Details
Konstelec Engineers Ltd IPO Date
The dates for bidding for the Konstelec Engineers IPO are January 19, 2024, to January 23, 2024.
Konstelec Engineers Ltd IPO Price Band
Konstelec Engineers is a book-built IPO. The exact price range is ₹66 to ₹70 per share.
Konstelec Engineers Ltd IPO Lot Size
The Konstelec Engineers Ltd IPO lot size is 2,000 shares per lot.
Konstelec Engineers Ltd IPO Lot Size
The net proceeds from the issue are proposed to be utilised towards the following objects:
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses
Peer Details
As per DRHP, Skippers Limited is a listed peer company of Konstelec Engineers in India.
How To Check the Allotment Status of the Konstelec Engineers Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Konstelec Engineers Ltd
Registered office: 308, Creative Industrial Estate, Sundar Nagar Lane No. 2, Kalina, Santacruz (East), Mumbai- 400098, Maharashtra, India
Phone: +91 2243 421551
E-mail: compliance@konstelec.com
Company Financials
| Particulars | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 15,500.05 | 10,902.31 | 10,617.16 |
| Profit After Tax | 777.77 | 352.25 | 190.34 |
| Return on Capital Employed | 16.81% | 9.00% | 6.89% |
| Return on Equity | 13.39% | 6.71% | 3.81% |
| Current Ratio | 1.73 | 1.75 | 1.86 |
Know before investing
Strengths
3-
With over two decades of experience in the EPC industry, the team has developed extensive expertise in handling a diverse range of projects.
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As a full-service EPC company, they provide a complete suite of project management, engineering, procurement, and construction services. This helps them diversify their offerings and build closer relationships with their clients as they offer end-to-end solutions.
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They have a geographical presence across multiple states in India as well as Nigeria, thus helping them diversify their areas of operation.
Risks
3-
Their top ten customers contributed 59.82%, 70.02%, and 85.16% of their total revenue from operations for the financial year ended on March 31, 2023, 2022 and 2021, respectively. This indicates excess concentration of revenue sources which makes their profits vulnerable to loss of clients.
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Their top ten suppliers contributed 46.54%, 51.54% and 45.40% of their total purchases for the financial year ended on March 31, 2023, 2022 and 2021, respectively. This shows an excess concentration of sources of inputs which makes their supply chain vulnerable to disruptions.
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The business of the company is working capital intensive. The successful operation of our business thus heavily relies on significant working capital requirements, which, if not met, may disrupt the company’s operations.
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Konstelec Engineers Ltd IPO FAQs
Konstelec Engineers IPO is a book-built IPO. The dates for the IPO are January 19, 2024, to January 23, 2024.
The basis of allotment will be finalised on Wednesday, January 24, 2024. The credit of shares to the demat accounts will take place on Thursday, January 25, 2024.
The IPO subscription window is from January 19, 2024, to January 23, 2024.
The lot size for the IPO is 2,000 shares per lot.
Konstelec Engineers Ltd will be listed on the NSE Emerge on Monday, January 29, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Monday, January 29, 2024.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
