Konstelec Engineers Limited IPO is set to launch on 19 January, 2023. The company initiated its business operations in the year 1995. It works in the field of EPC (engineering, procurement and construction.) The services offered by the company includes procurements, drawings, project management, operations and maintenance, construction and commissioning. It is an expert in the field of solar power installation, electrical installation and automation and instrumentation. Till date it has completed over 200 projects and this includes 45 projects worth over 400 Crore Rs. It provides its services in 15 states in Nigeria and India. The biggest clients of the company include Reliance, JSW Steel, BPCL, Oil India, HPCL, MRPL, CPCL, ACC, ISRO, NTPC, BARC, Adani, Tata Steel etc.
Konstelec Engineers Limited IPO DETAILS
Konstelec Engineers Limited IPO is set to launch on 19 January, 2023. The subscription timeline extends till 24 January, 2023. The size for the IPO is 28.70 Crore Rs. Shares issued through fresh issue mode are worth 28.70 Crore Rs. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 66 Rs to 70 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Konstelec Engineers Limited IPO
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 24 January, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 66 Rs to 70 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 28.70 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 28.70 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 30 January, 2023 |
Konstelec Engineers Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 24 January, 2023 |
| IPO ALLOTMENT DATE | 25 January, 2023 |
| REFUNDS | 29 January, 2023 |
| DEMAT A/C CREDITED ON | 29 January, 2023 |
| IPO LISTING DATE | 30 January, 2023 |
Konstelec Engineers Limited IPO begins for subscription from 19 January, 2023. The IPO subscription would continue till 24 January, 2023. The allotment status for the shareholders who applied would come on 25 January, 2023. The refunds for the ones who did not get allotment would be initiated on 29 January, 2023. The DEMAT accounts of shareholders would be credited on 29 January, 2023. The listing of the company would be completed on 30 January, 2023.
Konstelec Engineers Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 140000 Rs. |
| Maximum | 4000 shares | 280000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 10364 | 11884 | 14612 |
| Revenue | 10617 | 10902 | 15500 |
| PAT | 190 | 352 | 777 |
Konstelec Engineers Limited had an asset base of 10364 Lakh Rs in 2021 which decreased to 11884 Lakh Rs in 2022. The asset base increased to 14612 Lakh Rs in 2023. The revenue of the company was 10617 Lakh Rs in 2021 which increased to 10902 Lakh Rs in 2022 and 15500 Lakh Rs in 2023. The profit of the company was 190 Lakh Rs in 2021. This decreased to 352 Lakh Rs in 2022. The profit of the company jumped to 777 Lakh Rs in 2023.
PROS
- The services offered by the company includes procurements, drawings, project management, operations and maintenance, construction and commissioning.
- It is an expert in the field of solar power installation, electrical installation and automation and instrumentation.
- Till date it has completed over 200 projects and this includes 45 projects worth over 400 Crore Rs.
- It provides its services in 15 states in Nigeria and India.
- The biggest clients of the company include Reliance, JSW Steel, BPCL, Oil India, HPCL, MRPL, CPCL, ACC, ISRO, NTPC, BARC, Adani, Tata Steel etc.
Konstelec Engineers Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Konstelec Engineers Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
