₹25 crores through an Initial Public Offering (IPO), the company said in a statement released today. In order to be listed on NSE Emerge, the company has already filed its draft red herring prospectus (DRHP) to Securities and Exchange Board of India (SEBI), the capital market regulator.
With its headquarters located in Mumbai, Konstelec Engineers is the top provider of electrical engineering, procurement, and construction (EPC) services in India. The small- and medium-sized business (SME) IPO is scheduled for January of this year.
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