Konstelec Engineers was incorporated on December 05, 1995. The company is in the business of engineering, procurement, and construction/commissioning (EPC) contracting, engaged in offering a full range of EPC services in India and abroad. Its services find applications across several processing and various kinds of manufacturing industries, such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, healthcare, and commercial complexes, both domestically and internationally.
| Bidding Dates |
|---|
| 19 Jan 2024 - 24 Jan 2024 |
| Subscription |
|---|
| 317.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 2000 | 4.1 M | ₹66 - ₹70 | 66.77 % | ₹270.6 M - ₹287.0 M | RHP DOC |
Konstelec Engineers IPO SUBSCRIPTION STATUS
24 Jan '24Konstelec Engineers IPO overall subscription rate was 317.87 times the total available shares
Konstelec Engineers IPO retail subscription rate was 581.34 times in the retail segment
Konstelec Engineers IPO non-institutional investor subscription rate was 561.52 times in the non-institutional investor category
Konstelec Engineers IPO Qualified Institutional Bidder subscription rate was 60.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jan 2024 (Day 3) | 581.34x | 561.52x | 60.35x |
23 Jan 2024 (Day 2) | 306.95x | 155.34x | 6.79x |
19 Jan 2024 (Day 1) | 52.07x | 26.19x | 3.76x |
Konstelec Engineers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 45.6 | 930.5 | -51.7 | -52.3 | 7.6% |
| FY23 | 77.8 | 1,534.0 | -45.7 | -62.3 | 9.2% |
| FY22 | 35.2 | 1,070.5 | 4.3 | -0.7 | 5.5% |
| FY21 | 19.0 | 1,048.9 | -33.4 | -45.7 | 4.6% |
Konstelec Engineers IPO SUBSCRIPTION STATUS DETAILS
Konstelec Engineers had 4.1 M shares on offer
Konstelec Engineers IPO offer price was in the range ₹66 - ₹70
Konstelec Engineers IPO minimum Investment was ₹132000
Konstelec Engineers IPO issue size was ₹ 270.6 M - ₹ 287.0 M
Konstelec Engineers had a minimum lot size of 2000 Shares per application
Konstelec Engineers NUMBER OF SHARES ON OFFER
Konstelec Engineers IPO IMPORTANT DATES
| Issue Open Date | 19 Jan 2024 |
| Issue close Date | 24 Jan 2024 |
| Allotment Date | 25 Jan 2024 |
| Refund Date | 29 Jan 2024 |
| Demat Account Credit Date | 29 Jan 2024 |
| Listing Date | 30 Jan 2024 |
| Listing on Exchange(s) | NSE |
| Konstelec Engineers Allotment Status | Exchange |
Konstelec Engineers IPO subscription opened on 19 Jan 2024, and closed on 24 Jan 2024
IPO allotment for Konstelec Engineers was finalized on Thursday, 25 Jan 2024
IPO listing for Konstelec Engineers was on NSE on Tuesday, 30 Jan 2024
Konstelec Engineers IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 210.0 |
| Listing Close Price | 220.5 |
| Listing Gain% | 200.0% |
| Current Gain% | -10.6% |
Konstelec Engineers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Konstelec Engineers Ltd. | 62.6 | 94.5 | 13 | 0.2 | 0.4 | 6.9 | 2.7 | 212.7 | 8.7 | 7.3 | 53.5 | 4.8 | 53.5 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Konstelec Engineers INFORMATION ON IPO ISSUE
About Konstelec Engineers
Konstelec Engineers was incorporated on December 05, 1995. The company is in the business of engineering, procurement, and construction/commissioning (EPC) contracting, engaged in offering a full range of EPC services in India and abroad. Its services find applications across several processing and various kinds of manufacturing industries, such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, healthcare, and commercial complexes, both domestically and internationally.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses
Konstelec Engineers - PROMOTERS
| Name |
|---|
| Biharilal Ravilal Shah |
| Amish Biharilal Shah |
Konstelec Engineers Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Konstelec Engineers Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Konstelec Engineers Strengths
Expertise and experience
With over two decades of experience in the EPC industry, the company has developed extensive expertise in handling a diverse range of projects
Comprehensive service offering
As a full-service EPC company, it provides a complete suite of project management, engineering, procurement, and construction services. From conceptualisation to commissioning, it handles every aspect of the project lifecycle, offering clients a one-stop solution
Robust order book
As of August 31, 2023, the company has an order book position for the execution of around Rs 565 crores, which are at different stages of implementation
Konstelec Engineers Risks
Dependent on few customers
The company is dependent on a few customers for sales. The loss of any of these large customers may affect its revenues and profitability
Outstanding litigation
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the business, reputation, and results of operations
Negative cash flows
The company has experienced negative cash flows from operations in the recent past, and it may experience negative cash flows in the future
IPO FAQs
The promoters of the company are Biharilal Ravilal Shah and Amish Biharilal Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 66.0 - 70.0.
The IPO application opens on Jan 19, 2024 and closes on Jan 24, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Jan 25, 2024.
The refund will be credited to your account on Jan 29, 2024.
The allotted shares will be credited to your demat on Jan 29, 2024.
Konstelec Engineers Ltd.’s shares listed on the stock exchanges on Jan 30, 2024.