What you must know about Konstelec Engineers IPO?
by 5paisa Research Team
15 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 30-Jan-24
- IPO Price Range ₹ 66 to ₹ 70
- Listing Price ₹ 210
- Listing Change 200.0%
- Last Traded Price ₹ 298.95
- Current Change 327.1%
Konstelec IPO Details
- Open Date 19-Jan-24
- Close Date 24-Jan-24
- Lot Size 2000
- IPO Size ₹ 28.70 Cr
- IPO Price Range ₹ 66 to ₹ 70
- Min Investment ₹ 132000
- Listing Exchange NSE SME
- Basis of Allotment 25-Jan-24
- Refunds 29-Jan-24
- Credit to Demat Account 29-Jan-24
- Listing Date 30-Jan-24
Konstelec Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jan-24 | 7.09 | 19.77 | 40.02 | 26.28 |
| 23-Jan-24 | 12.80 | 116.62 | 233.40 | 145.40 |
| 24-Jan-24 | 113.80 | 421.34 | 437.62 | 341.77 |
Konstelec IPO Synopsis
Konstelec Engineers Limited IPO is all set to open from 19th January to 24th January 2024. Konstelec Engineers operates as an Engineering, Procurement, and Construction/ Commissioning (EPC) company. The IPO includes a fresh issue of 4,100,000 shares worth ₹28.70 cr. The share allotment date is 25th January 2024, and the IPO will be listed on 30th January 2024 on the stock exchanges. The price band is ₹66 to ₹70 and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Konstelec Engineers IPO:
Konstelec Engineers Limited plans to utilize the raised capital from the IPO to:
● To fulfill working capital requirements.
● General corporate purposes.
● To fund the issue expenses.
About Konstelec Engineers
Incorporated in 1995, Konstelec Engineers Limited operates as an Engineering, Procurement, and Construction/ Commissioning (EPC) company. It started as a Design Engineering Company but over the years has specialized in offering full-scale project management, procurement support, and detailed engineering services for a wide range of electrical infrastructure projects.
Konstelec Engineers provides EPC services to clients in various industries including oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes in 15 States of India as well as abroad in countries like Nigeria.
The company has four categories in which it operates:
● Engineering Design & Consultancy Services
● Construction and commissioning
● Operation and maintenance
● Project Management
Some of the renowned clients that Konstelec Engineer has worked with are 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, and more.
Peer Comparison
● Skipper Limited
For More Information:
Webstory on Konstelec IPO
Konstelec Engineers Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 153.40 | 107.04 | 104.89 |
| EBITDA | 14.15 | 5.84 | 4.81 |
| PAT | 7.78 | 3.52 | 1.90 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 146.13 | 118.84 | 103.64 |
| Share Capital | 1.00 | 1.00 | 1.00 |
| Total Borrowings | 84.21 | 64.61 | 52.93 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -4.57 | 0.43 | -3.34 |
| Net cash from / (used in) investing activities | -0.62 | -0.12 | -2.23 |
| Net cash flow from / (used in) financing activities | 4.98 | -1.16 | 5.31 |
| Net increase (decrease) in cash and cash equivalents | -0.21 | -0.85 | -0.27 |
Konstelec IPO Key Points
-
Strengths
1. The company has over two decades of experience in the industry.
2. It operates as a full-service EPC company and offers comprehensive services.
3. It has a diverse and skilled workforce.
4. In-house design setup is a big plus.
5. The comedy maintains the highest industry standard for quality.
6. It has a strong and robust order book.
7. Long-standing relationships with established customers.
8. Well-experienced management team.
-
Risks
1. High working capital requirements.
2. The revenue stream is difficult to predict and is subject to seasonal variations.
3. The company is exposed to risks on fixed-price or lump-sum turnkey contracts that could impact the business negatively.
4. Exposed to foreign currency exchange rate fluctuations.
5. It has reported negative cash flows in the past.
Konstelec
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Konstelec IPO FAQs
When does the Konstelec Engineers IPO opens and closes?
Konstelec Engineers IPO opens from 19th January to 23rd January 2024.
What is the size of the Konstelec Engineers IPO?
The size of Konstelec Engineers IPO is ₹28.70 cr.
How to apply for the Konstelec Engineers IPO?
To apply for Konstelec Engineers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Konstelec Engineers Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Konstelec Engineers IPO?
The GMP value of every IPO changes daily. To view today's GMP of Konstelec Engineers IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Konstelec Engineers IPO?
The price band of Konstelec Engineers IPO is fixed at ₹66 to ₹70 per share.
What is the minimum lot size and investment required for the Konstelec Engineers IPO?
The minimum lot size of Konstelec Engineers IPO is 2000 shares and the investment required is ₹1,32,000.
What is the allotment date of the Konstelec Engineers IPO?
The share allotment date of Konstelec Engineers IPO is 24th January 2024.
What is the Konstelec Engineers IPO listing date?
The Konstelec Engineers IPO will be listed on 29th January 2024.
Who are the book runners for the Konstelec Engineers IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Konstelec Engineers IPO.
What is the objective of Konstelec Engineers IPO?
Konstelec Engineers Limited plans to utilize the raised capital from the IPO to:
1. To fulfill working capital requirements.
2. General corporate purposes.
3. To fund the issue expenses.
Contact Details of Konstelec Engineers IPO
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 Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Konstelec Engineers IPO Lead Manager
Beeline Capital Advisors Pvt Ltd.
Konstelec IPO Related Articles
