Konstelec Engineers IPO: Check GMP, subscription status on day 1, other key details
₹66 to ₹70 apiece. Konstelec Engineers IPO lot size consists of 1,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof.
With its headquarters located in Mumbai, Konstelec Engineers is the top provider of electrical engineering, procurement, and construction (EPC) services in India. A few of the company's clients are BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Ltd, Navin Fluorine International Ltd, IGPL, and Reliance Industries Limited. The company offers its services in over fifteen states in Nigeria and India.
Between March 31, 2022, and March 31, 2023, Konstelec Engineers Limited's profit after tax (PAT) climbed by 120.8%, while its revenue increased by 42.17%. Also Read: Konstelec Engineers IPO price band fixed. GMP, date, other details of upcoming NSE SME IPO The SME IPO consists of a fresh offering of up to 41 lakh equity shares at book-build price, each having a face value of ₹10.
The majority of the proceeds raised will go towards working capital, high-quality product acquisition for long-term projects, and collateral security; the remaining funds will be utilised for general corporate purposes and public-issue expenses. The issue's registrar is Skyline Financial Services Private Ltd, and the book running lead manager is Beeline Capital Advisors Private Ltd. Also Read: Konstelec Engineers aims to raise ₹25 crore through SME IPO; to list on NSE Emerge Konstelec Engineers IPO subscription status is 12.16 times on day 1, so far.
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