Konstelec Engineers
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 19 to Jan 24, 2024
Price Band
₹66-70
Current GMP
₹210 (200%)
Subscription
341.80 times
IPO Details
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Face Value | ₹10 per share |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,000,000 |
| Share holding post issue | 15,100,000 |
| Market Maker portion | 206,000 shares Spread X Securities |
IPO Date
January 19, 2024 to January 24, 2024
Listing Date
Tuesday, January 30, 2024
Face Value
₹10 per share
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)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
11,000,000
Share holding post issue
15,100,000
Market Maker portion
206,000 shares Spread X Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 113.80 |
| Non-Institutional Buyers* | 421.36 |
| Retail Investors | 437.67 |
| Total ** | 341.80 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
113.80
Non-Institutional Buyers*
421.36
Retail Investors
437.67
Total **
341.80
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 19, 2024 | 7.09 | 19.77 | 40.02 | 26.28 |
| Day 2 Jan 23, 2024 | 12.80 | 116.81 | 234.58 | 146.03 |
| Day 3 Jan 24, 2024 | 113.80 | 421.36 | 437.67 | 341.80 |
DayDay 1
Jan 19, 2024
QIB7.09
NII*19.77
Retail40.02
Total26.28
DayDay 2
Jan 23, 2024
QIB12.80
NII*116.81
Retail234.58
Total146.03
DayDay 3
Jan 24, 2024
QIB113.80
NII*421.36
Retail437.67
Total341.80
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-01-2024 | 70.00 | 105 (150%) | 175 |
| 29-01-2024 | 70.00 | 105 (150%) | 175 |
| 28-01-2024 | 70.00 | 90 (128.57%) | 160 |
| 27-01-2024 | 70.00 | 90 (128.57%) | 160 |
| 26-01-2024 | 70.00 | 90 (128.57%) | 160 |
| 25-01-2024 | 70.00 | 90 (128.57%) | 160 |
| 24-01-2024 | 70.00 | 90 (128.57%) | 160 |
| 23-01-2024 | 70.00 | 57 (81.43%) | 127 |
| 22-01-2024 | 70.00 | 57 (81.43%) | 127 |
| 21-01-2024 | 70.00 | 70 (100%) | 140 |
| 20-01-2024 | 70.00 | 70 (100%) | 140 |
| 19-01-2024 | 70.00 | 70 (100%) | 140 |
| 18-01-2024 | 70.00 | 45 (64.29%) | 115 |
| 17-01-2024 | 70.00 | 20 (28.57%) | 90 |
| 16-01-2024 | 70.00 | 8 (11.43%) | 78 |
| 15-01-2024 | 70.00 | 8 (11.43%) | 78 |
| 14-01-2024 | 70.00 | 8 (11.43%) | 78 |
| 13-01-2024 | 70.00 | 0 (0%) | 70 |
Date30-01-2024
Price70.00
GMP105 (150%)
Estimate List Price175
Date29-01-2024
Price70.00
GMP105 (150%)
Estimate List Price175
Date28-01-2024
Price70.00
GMP90 (128.57%)
Estimate List Price160
Date27-01-2024
Price70.00
GMP90 (128.57%)
Estimate List Price160
Date26-01-2024
Price70.00
GMP90 (128.57%)
Estimate List Price160
Date25-01-2024
Price70.00
GMP90 (128.57%)
Estimate List Price160
Date24-01-2024
Price70.00
GMP90 (128.57%)
Estimate List Price160
Date23-01-2024
Price70.00
GMP57 (81.43%)
Estimate List Price127
Date22-01-2024
Price70.00
GMP57 (81.43%)
Estimate List Price127
Date21-01-2024
Price70.00
GMP70 (100%)
Estimate List Price140
Date20-01-2024
Price70.00
GMP70 (100%)
Estimate List Price140
Date19-01-2024
Price70.00
GMP70 (100%)
Estimate List Price140
Date18-01-2024
Price70.00
GMP45 (64.29%)
Estimate List Price115
Date17-01-2024
Price70.00
GMP20 (28.57%)
Estimate List Price90
Date16-01-2024
Price70.00
GMP8 (11.43%)
Estimate List Price78
Date15-01-2024
Price70.00
GMP8 (11.43%)
Estimate List Price78
Date14-01-2024
Price70.00
GMP8 (11.43%)
Estimate List Price78
Date13-01-2024
Price70.00
GMP0 (0%)
Estimate List Price70
IPO Important Dates
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
IPO Open Date
Friday, January 19, 2024
IPO Close Date
Wednesday, January 24, 2024
Basis of Allotment
Thursday, January 25, 2024
Initiation of Refunds
Monday, January 29, 2024
Credit of Shares to Demat
Monday, January 29, 2024
Listing Date
Tuesday, January 30, 2024
Cut-off time for UPI mandate confirmation
5 PM on January 24, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹140,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹140,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹280,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 16,223.23 | 14,612.99 | 11,884.44 |
| Revenue | 9,434.05 | 15,500.05 | 10,902.31 |
| Profit After Tax | 456.16 | 777.77 | 352.25 |
| Net Worth | 6,647.68 | 6,191.50 | 5,423.73 |
| Reserves and Surplus | 5,547.68 | 6,091.50 | 5,323.73 |
| Total Borrowing | 4,109.45 | 3,507.15 | 2,650.59 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 202316,223.23
31 Mar 202314,612.99
31 Mar 202211,884.44
Period EndedRevenue
30 Sep 20239,434.05
31 Mar 202315,500.05
31 Mar 202210,902.31
Period EndedProfit After Tax
30 Sep 2023456.16
31 Mar 2023777.77
31 Mar 2022352.25
Period EndedNet Worth
30 Sep 20236,647.68
31 Mar 20236,191.50
31 Mar 20225,423.73
Period EndedReserves and Surplus
30 Sep 20235,547.68
31 Mar 20236,091.50
31 Mar 20225,323.73
Period EndedTotal Borrowing
30 Sep 20234,109.45
31 Mar 20233,507.15
31 Mar 20222,650.59
Key Performance Indicator
| ROE | 13.39% |
| ROCE | 16.81% |
| Debt/Equity | 0.57 |
| RoNW | 12.56% |
| P/BV | 1.24 |
| EPS (Rs) | 7.07 |
ROE
13.39%
ROCE
16.81%
Debt/Equity
0.57
RoNW
12.56%
P/BV
1.24
EPS (Rs)
7.07
IPO Reservation
| Anchor Investor Shares Offered | 1,166,000 (28.44%) |
| Market Maker Shares Offered | 206,000 (5.02%) |
| QIB Shares Offered | 778,000 (18.98%) |
| NII (HNI) Shares Offered | 586,000 (14.29%) |
| Retail Shares Offered | 1,364,000 (33.27%) |
| Total Shares Offered | 4,100,000 (100%) |
Anchor Investor Shares Offered
1,166,000 (28.44%)
Market Maker Shares Offered
206,000 (5.02%)
QIB Shares Offered
778,000 (18.98%)
NII (HNI) Shares Offered
586,000 (14.29%)
Retail Shares Offered
1,364,000 (33.27%)
Total Shares Offered
4,100,000 (100%)
Information about company
Founded in December 1995, Konstelec Engineers Limited is active in the fields of engineering, procurement and construction/commissioning (EPC).
The company offers a wide range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning. The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects of varying size and complexity, including 45 major projects worth over 400 crores.
The company's clients include 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, etc.
The company provides services in more than 15 states in India and Nigeria.
As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation.
The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.
Disclaimer
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