The Konstelec Engineers IPO is a book-built issue with a total size of Rs 28.70 crores, consisting entirely of a fresh issue of 41 lakh shares. The subscription period for the IPO is from January 19, 2024, to January 22, 2024. The allotment is expected to be finalized on Tuesday, January 23, 2024, and the listing on NSE SME is tentatively scheduled for Thursday, January 25, 2024.
Key details of the Konstelec Engineers IPO:
– **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)
– **Listing At:** NSE SME
– **Minimum Investment for Retail Investors:** ₹140,000
– **Minimum Lot Size Investment for HNI:** ₹280,000
**Konstelec Engineers IPO Reservation:**
– **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):**
– IPO Open Date: Friday, January 19, 2024
– IPO Close Date: Monday, January 22, 2024
– Basis of Allotment: Tuesday, January 23, 2024
– Initiation of Refunds: Wednesday, January 24, 2024
– Credit of Shares to Demat: Wednesday, January 24, 2024
– Listing Date: Thursday, January 25, 2024
– Cut-off time for UPI mandate confirmation: 5 PM on January 22, 2024
**Konstelec Engineers IPO Lot Size:**
Investors can bid for a minimum of 2000 shares and in multiples thereof. The minimum and maximum investment by retail investors and HNIs are specified.
**Konstelec Engineers IPO Promoter Holding:**
– Promoters: Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah
– Share Holding Pre Issue: 91.65%
– Share Holding Post Issue: To be determined after the IPO
**About Konstelec Engineers Limited:**
Established in December 1995, Konstelec Engineers Limited is an EPC (Engineering, Procurement, and Construction/Commissioning) company operating in various fields such as electrical installation, solar power plant installation, instrumentation, and automation. The company has completed over 200 projects, including 45 major projects worth over 400 crores. Konstelec Engineers’ clients include prominent entities like Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, and more.
As of August 31, 2023, the company has an order book of over 50 major projects worth around 565 crores at different stages of implementation, with a workforce of 884 employees in India and Africa.
**Konstelec Engineers Limited Financial Information (Restated Consolidated):**
– Revenue increased by 42.17%, and profit after tax (PAT) rose by 120.8% between March 31, 2022, and March 31, 2023.
– Key Performance Indicators: ROE (Return on Equity) 13.39%, ROCE (Return on Capital Employed) 16.81%, Debt/Equity 0.57, and RoNW (Return on Net Worth) 12.56%.
**Objects of the Issue (Konstelec Engineers IPO Objectives):**
The net proceeds from the fresh issue will be utilized for meeting working capital requirements, general corporate purposes, and covering public issue expenses.
