Knowledge Marine & Engineering Works was incorporated on October 26, 2015. The company is engaged in the business of owning and operating of marine crafts for dredging along with repairs and maintenance/refits of marine crafts and marine infrastructure.
| Bidding Dates |
|---|
| 09 Mar 2021 - 12 Mar 2021 |
| Subscription |
|---|
| 2.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 3000 | 2.7 M | ₹37 | 73.27 % | ₹101.2 M | RHP DOC |
Knowledge Marine Engg IPO SUBSCRIPTION STATUS
12 Mar '21Knowledge Marine Engg IPO overall subscription rate was 2.87 times the total available shares
Knowledge Marine Engg IPO retail subscription rate was 3.65 times in the retail segment
Knowledge Marine Engg IPO non-institutional investor subscription rate was 2.09 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
10 Mar 2021 (Day 2) | 1.3x | 1.31x | - |
11 Mar 2021 (Day 3) | 1.3x | 1.31x | - |
12 Mar 2021 (Day 4) | 3.65x | 2.09x | - |
09 Mar 2021 (Day 1) | 0.47x | 0.81x | - |
Knowledge Marine Engg 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) |
| H1FY21 | 38.0 | 163.2 | 61.1 | 60.9 |
| FY20 | 42.5 | 239.1 | 12.4 | -78.2 |
| FY19 | 27.1 | 105.7 | 112.2 | 17.4 |
| FY18 | 14.4 | 106.0 | 30.2 | -79.8 |
Knowledge Marine Engg IPO SUBSCRIPTION STATUS DETAILS
Knowledge Marine Engg had 2.7 M shares on offer
Knowledge Marine Engg IPO offer price was ₹37
Knowledge Marine Engg IPO minimum Investment was ₹111000
Knowledge Marine Engg IPO issue size was ₹ 101.2 M
Knowledge Marine Engg had a minimum lot size of 3000 Shares per application
Knowledge Marine Engg NUMBER OF SHARES ON OFFER
Knowledge Marine Engg IPO IMPORTANT DATES
| Issue Open Date | 09 Mar 2021 |
| Issue close Date | 12 Mar 2021 |
| Allotment Date | 17 Mar 2021 |
| Refund Date | 18 Mar 2021 |
| Demat Account Credit Date | 19 Mar 2021 |
| Listing Date | 22 Mar 2021 |
| Listing on Exchange(s) | BSE |
| Knowledge Marine Engg Allotment Status | Exchange |
Knowledge Marine Engg IPO subscription opened on 09 Mar 2021, and closed on 12 Mar 2021
IPO allotment for Knowledge Marine Engg was finalized on Wednesday, 17 Mar 2021
IPO listing for Knowledge Marine Engg was on BSE on Monday, 22 Mar 2021
Knowledge Marine Engg IPO LISTING GAINS
| Issue Price (adjusted) | 18.5 |
| Listing Open Price | 38.0 |
| Listing Close Price | 38.3 |
| Listing Gain% | 2.7% |
| Current Gain% | 13567.0% |
Knowledge Marine Engg 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Knowledge Marine & Engineering Works Ltd. | 2528.4 | 2588.1 | 81.1 | 1.4 | 25 | 13.8 | 9.6 | 271.9 | 32 | 78.8 | 58.9 | 31.2 | 57.2 |
| Adani Ports & Special Economic Zone Ltd. | 1693.5 | 365819.5 | 27.9 | 1.7 | 9 | 13.3 | 6.9 | 40854.4 | 26.2 | 12806.2 | 15.5 | 60.7 | 16.1 |
| JSW Infrastructure Ltd. | 335.8 | 78229.8 | 52.7 | -7.6 | 14 | 14 | 7.5 | 5707.4 | 18.2 | 1523.3 | 1.3 | 6.4 | -6.9 |
| Cochin Shipyard Ltd. | 1519.7 | 39980.4 | 55.8 | -4.2 | 8 | 12.2 | 4.9 | 5431.7 | 4.3 | 716.7 | -13.4 | 27.2 | -13.4 |
| Aegis Vopak Terminals Ltd. | 285.3 | 31611 | 126.4 | 1.9 | 36.7 | 7.2 | 3.7 | 960.5 | 48.4 | 310.5 | 144 | 2.3 | 67.7 |
| Gujarat Pipavav Port Ltd. | 151.6 | 7330.4 | 14.2 | 0.5 | 6.3 | 21.6 | 17 | 1231.7 | 15.2 | 515.2 | 29.8 | 10.7 | 29.8 |
Knowledge Marine Engg INFORMATION ON IPO ISSUE
About Knowledge Marine Engg
Knowledge Marine & Engineering Works was incorporated on October 26, 2015. The company is engaged in the business of owning and operating of marine crafts for dredging along with repairs and maintenance/refits of marine crafts and marine infrastructure.
Object of the Issue
- To raise funds for business expansion (Building new craft river pearl 5, 20 Knots speed patrol boat for Visakhapatnam).
- To meet business working capital requirements
- To meet general corporate purposes
- To meet issue related expenditures
Knowledge Marine Engg - PROMOTERS
| Name |
|---|
| Saurabh M. Daswani |
| Kanak S. Kewalramani |
Knowledge Marine Engg Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Knowledge Marine Engg Registrar to the Offer
Link Intime India Private Limited
kmewl.ipo@linkintime.co.in
Knowledge Marine Engg Strengths
Diverse, young and technologically advanced fleet
The company's fleet comprises a diverse range of modern and technologically advanced marine crafts
Strong order book
The company's primary focus is to own and operate marine crafts for the Government of India by rendering them marine services such as dredging, manning, technical maintenance, operations of marine vessels, hydrographical and magnetometer surveys at various ports
Consistent financial performance
Total revenue and net profit as restated in the financial statements have shown a healthy CAGR in the last three Financial years
Knowledge Marine Engg Risks
Dependent on marin activities
The demand for the company's services is, to a large extent, dependent on the levels of marine activities
Geographically concentrated
The company is substantially dependent on maintenance and dredging work from Kolkata Port, Visakhapatnam Port and Paradip Port (Ports) which comprised approximately 100% of income from operations in fiscal 2020
IPO FAQs
Knowledge Marine & Engineering Works Ltd. IPO listing opened at Rs 38.00 while the issue price was Rs 37.00 giving 2.70% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 18.50 giving 13567.03% gains since its IPO listing.
The promoters of the company are Saurabh M. Daswani and Kanak S. Kewalramani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 37.0 - 37.0.
The IPO application opens on Mar 09, 2021 and closes on Mar 12, 2021.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Mar 17, 2021.
The refund will be credited to your account on Mar 18, 2021.
The allotted shares will be credited to your demat on Mar 19, 2021.
Knowledge Marine & Engineering Works Ltd.’s shares listed on the stock exchanges on Mar 22, 2021.