Konstelec Engineers Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹105(150.00%)
Premium (ELP)
The Initial Public Offering of Konstelec Engineers Limited's culminated in its successful listing on Jan 30, 2024 at the NSE trading platform. The company secured 41,00,000 Shares through this capital market exercise, with 41,00,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹66 to ₹70, with minimum investment requirements of 2000 shares. The subscription period from Jan 19, 2024 to Jan 24, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 25, 2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in December 1995, Konstelec Engineers Limited specializes in engineering, procurement, and construction/commissioning (EPC) services, offering expertise in electrical installation, solar power plants, instrumentation, and automation. The company provides engineering, procurement, operations, maintenance, project management, and construction services, having completed over 200 projects, including 45 major ones worth over ₹400 crores. Serving clients like Reliance Industries, ISRO, Adani, NTPC, and Tata Steel, it operates across 15+ states in India and Nigeria. As of November 30, 2023, its order book includes 57 major projects worth approximately ₹573 crores. The company employs over 800 personnel, including 120+ engineers and 250 technicians.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Biharilal Ravilal Shah
- Mr. Amish Biharilal Shah
Konstelec Engineers Limited
Skyline Financial Services Private Limited