Konstelec Engineers IPO Date, Review, Price, Allotment Details

Konstelec Engineers IPO is an initial public offering (IPO) worth Rs 28.70 crores that offers 41 lakh shares for sale to investors through book-build.

Konstelec Engineers IPO will open for subscription on January 19 and close on January 22, 2024 with allotment expected to occur by Tuesday January 23, 2024 – listing will likely take place Thursday January 25, 2024 on NSE SME Exchange.

Konstelec Engineers IPO price band has been set between Rs66 to Rs70 per share with 2000 shares being the minimum lot size required per application and minimum investment by retail investors at Rs140,000 while HNI investors must invest two lots (4,000 shares totalling to approximately Rs286,000).

Konstelec Engineers IPO

About Konstelec Engineers

Konstelec Engineers is an engineering, procurement, and construction (EPC) firm in India specialized in design and procuring materials for building electrical, instrumentation and automation systems across a range of industries.

Products and Services:

  • Electrical installations encompass designing and installing power distribution systems, control panels, lighting systems and any additional electrical equipment necessary.
  • Instrumentation and automation systems: Instrumentation and automation specialists specialize in designing and installing advanced control systems for use within process industries, power plants and other facilities such as SCADA systems, PLC programming and data acquisition solutions.
  • Project Management: Konstelec offers complete project management services, from planning, scheduling and budgeting through on-site supervision and implementation.
  • Maintenance and Commissioning Services: They also offer maintenance and commissioning services for their installed systems to ensure they perform efficiently and reliably.
  • Areas of Expertise: Industrial Projects: Our professionals possess vast expertise across numerous industries such as oil and gas, chemical processing, pharmaceutical development, textile production and food processing.
  • Port Projects: Konstelec’s electrical and automation expertise makes them experts at developing port projects.
  • Commercial Complexes: Electrical and automation engineers design and construct electrical and automation systems for shopping malls, hotels and other commercial properties.
  • Konstelec’s international projects: Konstelec has also worked on international projects in countries like UAE and Oman.

Key Strengths:

  • Extensive experience in electrical, instrumentation and automation systems.
  • Reputable client relations and successful project completion.
  • Focus on quality, safety, and client satisfaction.
  • Maintain a competitive edge through constant investment in technology and employee development.

Pros and Cons:

FeatureProsCons
Expertise and ExperienceStrong expertise in electrical, instrumentation, and automation systems. – Proven track record of successful project completion across diverse industries. – Extensive experience in project management and execution.
Client Focus and ReputationStrong client relationships and positive reputation in the EPC and C market. – Focus on quality, safety, and client satisfaction.Dependence on client base and project availability.
Technology and InnovationContinuous investment in technology and employee training to maintain a competitive edge. – Expertise in implementing advanced control systems for complex applications.
Market Position and CompetitionLeading player in EPC and C services for electrical and automation systems in India. – Established brand name and industry recognition.Intense competition from other well-established players in the market.
Financial Performance (Limited Information)Financials not publicly available due to being privately held. – Recent successful project completion highlights operational expertise and efficiency.Lack of public financial information makes comprehensive assessment of financial stability and growth potential difficult.

Offer details and objectives:

  • Reaching Working Capital Requirements
  • General corporate purposes :
  • Meet Public Issue Expenses.

Konstelec Engineers IPO Dates & Band Price Details:

IPO DateJanuary 19, 2024 to January 22, 2024
Listing DateThursday, January 25, 2024
Face Value₹10 per share
Price Band₹66 to ₹70 per share
Lot Size2000 Shares
Total Issue Size4,100,000 shares
(aggregating up to ₹28.70 Cr)
Fresh Issue4,100,000 shares
(aggregating up to ₹28.70 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue11,000,000
Share holding post issue15,100,000
Market Maker portion206,000 shares

Konstelec Engineers IPO Market Lot :

Investors may place bids for at least 2000 shares and multiples thereof, and in multiples thereof. The below table depicts retail investors’ minimum and maximum investments by shares and amount.

ApplicationLotsSharesAmount
Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Konstelec Engineers IPO Dates and details:

Konstelec Engineers IPO opens for subscription on January 19 and closes for subscription on January 22, 2024.

IPO Open DateFriday, January 19, 2024
IPO Close DateMonday, January 22, 2024
Basis of AllotmentTuesday, January 23, 2024
Initiation of RefundsWednesday, January 24, 2024
Credit of Shares to DematWednesday, January 24, 2024
Listing DateThursday, January 25, 2024
Cut-off time for UPI mandate confirmation5 PM on January 22, 2024

Konstelec Engineers Company Financial Report

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets14,612.9911,884.4410,364.02
Revenue15,500.0510,902.3110,617.16
Profit After Tax777.77352.25190.34
Net Worth6,191.505,423.735,071.48
Reserves and Surplus6,091.505,323.734,971.48
Total Borrowing3,507.152,650.592,548.12
Screenshot 2024 01 15 212736

Peer Group of companies

India-based EPC and C for Electrical & Automation:

  • TECPRO Systems Ltd.
  • CES Projects Ltd.
  • Voltas Ltd.
  • Larsen & Toubro Ltd. (L&T)
  • Jyoti Structures Ltd.

International EPC in Electrical & Automation:

ABB Ltd.
Siemens AG
Schneider Electric SE
Emerson Electric Co.
Honeywell International Inc.

Company Details:

CategoryDetails
Company NameKonstelec Engineers Limited
Company Address308, Creative Industrial Estate, Sundar Nagar Lane No. 2, Kalina, Santacruz (East), Mumbai-400098
Company Phone+91 2243 421551
Company Email[email protected]
Company WebsiteKonstelec Engineers
IPO RegistrarSkyline Financial Services Private Ltd
Registrar Phone022-28511022
Registrar Email[email protected]
Registrar WebsiteSkyline Financial Services

What is Konstelec Engineers IPO?

Konstelec Engineers IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share

When Konstelec Engineers IPO will open?

The IPO is to open on 19 January 2024 for QIB, NII, and Retail Investors.

What is Konstelec Engineers IPO Investors Portion?

The investors’ portion for QIB is 75%NII is 15%, and Retail is 10%.

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