Konstelec Engineers is scheduled to hit the market on January 19, 2024 and close on January 23, 2024. Konstelec Engineers plans to raise around ₹28.70 Cr through an IPO with a sale of up to 4,100,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in December 1995, Konstelec Engineers Limited operates as a leading EPC (Engineering, Procurement, and Construction/Commissioning) firm, specializing in diverse sectors. The company provides comprehensive services encompassing engineering design, procurement, project management, operations, maintenance, and construction and commissioning. Notably, Konstelec Engineers Limited has demonstrated its prowess in electrical installations, solar power plant setups, instrumentation, and automation.
Having successfully executed over 200 projects with a cumulative value exceeding 400 crores, the company has delivered 45 significant projects. Some of its notable clients span a wide spectrum, including prominent names like 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, among others.
Konstelec Engineers PO Details
Konstelec Engineers IPO opens on Jan 19, 2024, and closes on Jan 23, 2024. The Listing date for Konstelec Engineers IPO is on Jan 29, 2024. The price band for IPO is ₹66 to ₹70 per share and lot size of 2000 Shares.
| IPO Date | Jan 19, 2024 to Jan 23, 2024 |
| Listing Date | Jan 29, 2024 |
| Price | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹28.70 Cr |
| Face Value | ₹10 per share |
Konstelec Engineers IPO Tentative Timetable
Konstelec Engineers opening date is January 19, 2024 and close date is January 23, 2024. The IPO allotment date is January 24, 2024. The refund initiation of IPO is on January 25, 2024. The credit of shares in demat account is on January 25, 2024. The listing date is on January 29, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 19, 2024 |
| IPO Closing | Jan 23, 2024 |
| IPO Allotment Date | Jan 24, 2024 |
| Refund Initiation | Jan 25, 2024 |
| Shares Credit to Demat | Jan 25, 2024 |
| Lisiting Date | Jan 29, 2024 |
Konstelec Engineers IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹140,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹140,000 |
| Retail(Maximum) | 1 | 2000 | ₹140,000 |
| HNI (Minimum) | 2 | 4000 | ₹280,000 |
Konstelec Engineers IPO Promoter Holding
| Pre Issue Share Holding | 91.65% |
| Post Issue Share Holding | 66.77% |
Konstelec Engineers IPO Review
Konstelec Engineers Limited has carved a notable presence in the market, extending its services across over 15 states in India and Nigeria. A significant indicator of its growth trajectory is its robust order book, which as of August 31, 2023, stands at 50 major projects valued around 565 crores. This not only demonstrates the company's operational reach but also signifies its market acceptance and credibility. Financially, the company has shown commendable performance, marked by a 42.17% increase in revenue and a remarkable 120.8% rise in profit after tax between FY22 and FY23. Such figures highlight a strong growth momentum and a promising future outlook for Konstelec Engineers Limited. Delving deeper into its financial health, key metrics such as Return on Equity (ROE) at 13.39% and Return on Capital Employed (ROCE) at 16.81% depict efficient capital utilization and financial stability. Additionally, the Debt/Equity ratio of 0.57 indicates a balanced approach to financing its operations.
However, while the company showcases several strengths, potential investors should tread with caution on certain fronts. One notable concern is the expected decline in Earnings Per Share (EPS) post-issue, dropping from 7.07 to 5.15. This reduction might raise questions about the company's future earnings potential. Moreover, with a post-issue Price-to-Earnings (P/E) ratio of 13.59, the IPO valuation seems slightly on the higher side, especially when juxtaposed with the anticipated decline in EPS. Furthermore, a closer look at the utilization of the IPO proceeds reveals that the primary focus is on meeting working capital requirements and general corporate purposes. While these are essential aspects of business operations, potential investors might seek a more detailed breakdown to gain clarity on how the funds will be allocated and the expected returns on investment.
In conclusion, Konstelec Engineers Limited presents a compelling investment opportunity, given its expansive geographical reach, robust order book, and strong growth trajectory. However, investors should conduct thorough due diligence, considering the declining EPS post-issue and the slightly elevated P/E ratio. Monitoring the company's post-IPO performance, market dynamics, and execution capabilities will be pivotal in assessing its long-term viability and potential returns.
Konstelec Engineers IPO Subscription Status (Bidding Details)
Table not foundKonstelec Engineers IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Konstelec Engineers IPO FAQs
What is Konstelec Engineers IPO?
Konstelec Engineers is issuing 4,100,000 equity shares with a face value of ₹10 each, totaling up to ₹28.70 Cr. The shares are being offered at a price of ₹66 to ₹70 each, with a minimum order quantity of 2000 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Konstelec Engineers IPO will open?
Konstelec Engineers will open on January 19, 2024 for QIB, NII, and Retail Investors.
When Konstelec Engineers IPO will end?
Konstelec Engineers will end on January 23, 2024.
What is Konstelec Engineers IPO Size?
Konstelec Engineers IPO size is ₹28.70 Cr.
What is Konstelec Engineers IPO Price Band?
Konstelec Engineers price band is ₹66 to ₹70 per share.
What is the Konstelec Engineers IPO Allotment Date?
Konstelec Engineers allotment date is January 24, 2024.
What is the Konstelec Engineers IPO Listing Date?
Konstelec Engineers listing date is January 29, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Konstelec Engineers IPO through Zerodha?
To apply for the IPO “Konstelec Engineers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Konstelec Engineers IPO through Upstox?
To apply for the IPO “Konstelec Engineers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Konstelec Engineers IPO Allotment Status?
For Konstelec Engineers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Konstelec Engineers IPO GMP?
You can check out here: Konstelec Engineers IPO GMP