The Konstelec Engineers IPO started on January 19, 2024, and ended on January 24, 2024. Shares were allocated on January 25, 2024, and refund processes began on January 29, 2024. On January 29, 2024, the shares were credited to investors demat accounts. Konstelec Engineers was officially listed on the stock exchange on January 30, 2024.
During the IPO, Konstelec Engineers offered shares at a price range of ₹66 to ₹70 per share, and the lot size was 2000 shares. The total issue size was ₹28.70 crores, with ₹28.70 crores from new shares. The IPO was listed on the NSE SME.
Konstelec Engineers IPO Subscription Update Video
Konstelec Engineers IPO Subscription Status
The Konstelec Engineers IPO on January 20, 2023 was subscribed 27.10 times, with the retail category being subscribed 41.55 times, the NII (Non-Institutional Investor) category being subscribed 20.02 times, the QIB (Qualified-Institutional Buyers) category being subscribed 7.09 times.
| Category | Subscription |
| QIB | 7.09x |
| NII | 20.02x |
| Retail | 41.55x |
| Total | 27.10x |
Konstelec Engineers IPO Basic Details
| Company Name | Konstelec Engineers Limited |
| Konstelec Engineers IPO Open Date | January 19, 2024 |
| Konstelec Engineers IPO Close Date | January 24, 2024 |
| Konstelec Engineers IPO Allotment Date | January 25, 2024 |
| Konstelec Engineers IPO Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | 4,100,000 shares of ₹10 (aggregating up to ₹28.70 Cr) |
| Fresh Issue | 4,100,000 shares of ₹10 (aggregating up to ₹28.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah |
About Konstelec Engineers Limited
Established in December 1995, Konstelec Engineers Limited is a dynamic player in the realms of engineering, procurement, and construction/commissioning (EPC).
Our comprehensive suite of services encompasses engineering and drawings, procurement, operations and maintenance, project management, as well as construction and commissioning. Specializing in electrical installation, solar power plant installation, instrumentation, and automation, we take pride in successfully delivering over 200 projects of diverse sizes and complexities, including 45 major projects valued at over 400 crores.
Konstelec Engineers Limited boasts an impressive client portfolio, featuring renowned names such as Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Ltd, Navin Fluorine International Ltd, and IGPL, among others.
Our footprint spans more than 15 states in India and Nigeria, showcasing our commitment to delivering top-notch services across borders.
As of November 30, 2023, our order book stands strong with over 57 major projects, amounting to around 573 crores, at various stages of implementation.
With a dedicated team of over 800 professionals across India and Africa, including 120 engineers, 250 technicians, and various locally employed staff, Konstelec Engineers Limited is poised for continued success in meeting the evolving needs of our clients.
Konstelec Engineers IPO Should you subscribe?
Konstelec Engineers IPO More Details Click Here
Konstelec Engineers IPO FAQs
What is the start and end date of Konstelec Engineers IPO Subscription?
The Konstelec Engineers IPO started on January 19, 2024 and ended on January 24, 2024.
When does Konstelec Engineers IPO Subscription open?
The Konstelec Engineers IPO open on January 19, 2024.
When does Konstelec Engineers IPO Subscription close?
The Konstelec Engineers IPO Close on January 24, 2024.
What is the allotment date of Konstelec Engineers IPO?
The allotment date for Konstelec Engineers IPO is January 25, 2024.
When is the initial refund date of Konstelec Engineers IPO?
The initial Refund date for Konstelec Engineers IPO is January 29, 2024.
When were the shares credited to investors demat accounts for the Konstelec Engineers IPO?
The shares for the Konstelec Engineers IPO were credited to investors demat accounts on January 29, 2024.
When will Konstelec Engineers IPO be listed on the stock market?
Konstelec Engineers IPO stock market will be listed on January 30, 2024 at 10 am.
What was the price range of the Konstelec Engineers IPO shares?
The Konstelec Engineers IPO shares were offered at a price range of ₹66 to ₹70 per share.
What was the lot size for the Konstelec Engineers IPO shares?
The lot size for the Konstelec Engineers IPO shares was 2000 shares.
What was the total issue size of the Konstelec Engineers IPO?
The total issue size of the Konstelec Engineers IPO was ₹28.70 crores.
On which stock exchanges was the Konstelec Engineers IPO listed?
The Konstelec Engineers IPO was listed on the NSE SME.
What is the Konstelec Engineers IPO Subscription Status?
Konstelec Engineers IPO is subscribed 27.10 Times.
