Konstelec Engineers IPO : Price, Detail, GMP, Opening Date, Financial Report and More

Established in December 1995, Konstelec Engineers Limited is an EPC (engineering, procurement, and construction/commissioning) company. They offer a broad spectrum of services, including engineering, procurement, operations, maintenance, project management, and construction/commissioning. Their expertise spans electrical installation, solar power plant installation, instrumentation, and automation.

With over 200 completed projects, including 45 significant ones valued at over 400 crores, Konstelec Engineers has a robust track record. Notable clients include Reliance Industries, Engineers India, JSW Steel, Indian Oil, and more. They operate in 15 states in India and Nigeria.

As of August 31, 2023, the company has an order book exceeding 50 major projects, valued at around 565 crores, at different stages of implementation. With 884 employees in India and Africa, Konstelec Engineers continues to be a key player in the EPC sector.

Key Points Regarding Konstelec Engineers

IPO DateJanuary 19, 2024 to January 22, 2024
Price Band₹66 to ₹70 per share
Face ValueRs 10 per share
Lot Size2000 Shares
Total Issue Size4,100,000 shares
(aggregating up to ₹28.70 Cr)
Listing DateThursday, January 25, 2024
Listing AtNSE SME

Konstelec Engineers IPO Details:

  • Book Built Issue: Rs 28.70 crores
  • Entirely Fresh Issue: 41 lakh shares
  • Subscription Dates:
    • Opens: January 19, 2024
    • Closes: January 22, 2024
  • Allotment Date:
    • Expected: Tuesday, January 23, 2024
  • Listing:
    • NSE SME
    • Tentative Listing Date: Thursday, January 25, 2024
  • Price Band:
    • ₹66 to ₹70 per share
  • Application Details:
    • Minimum Lot Size: 2000 Shares
    • Retail Investors: Minimum Investment of ₹140,000
  • For HNI (High Net Worth Individuals):
    • Minimum Lot Size: 2 lots (4,000 shares)
    • Minimum Investment: ₹280,000

Konstelec Engineers Limited Financial Information (Restated Consolidated)

Konstelec Engineers Limited earned 42.17% more revenue, and their profit after tax (PAT) increased by 120.8% from the financial year ending on March 31, 2022, to March 31, 2023. (Amount in ₹ Lakhs)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
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

Contact Details

Konstelec Engineers Limited
308, Creative Industrial Estate
Sundar Nagar Lane No. 2, Kalina,
Santacruz (East), Mumbai- 400098
Phone: +91 2243 421551
Email: [email protected]

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