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Konstelec Engineers IPO
Price Band
₹66.0–70.0
Issue Size
₹28.7 Cr
Lot Size
2,000 shares
Min Investment
₹140,000
GMP
+₹105.0 (150.0%)
Issue Price
₹70.0
Subject to Sauda
₹159600
Paid only if allotted
Konstelec Engineers IPO AI Summary
- Konstelec Engineers IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹66.0–₹70.0 per share, lot size 2,000 shares (min. investment ₹140,000).
- Subscription window: 19 Jan–24 Jan 2024, listing on 30 Jan 2024.
- Current GMP is +₹105.0 (150.0%), an estimated listing price of ₹175 — unofficial and can change daily.
Konstelec Engineers Limited is an established player in the civil construction sector with a strong order book and a diverse client base. The company is raising funds through its IPO to enhance working capital and support corporate purposes. Investors should consider the potential risks and rewards associated with investing in this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Konstelec Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Konstelec Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹105.0
GMP %
+150.0%
Est. Listing
₹175.0
Updated: 25 Jul 2026 14:07
About the Company
Founded in December 1995, Konstelec Engineers Limited is active in the fields of engineering, procurement and construction/commissioning (EPC). The company offers a wide range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning. The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects of varying size and complexity, including 45 major projects worth over 400 crores. The company's clients include 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, etc. The company provides services in more than 15 states in India and Nigeria. As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation. The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 162.23 | 146.13 | 118.84 | 103.64 |
| Total Income | 94.34 | 155.00 | 109.02 | 106.17 |
| Profit After Tax | 4.56 | 7.78 | 3.52 | 1.90 |
| NET Worth | 66.48 | 61.92 | 54.24 | 50.71 |
| Reserves and Surplus | 55.48 | 60.92 | 53.24 | 49.71 |
| Total Borrowing | 41.09 | 35.07 | 26.51 | 25.48 |
Key Ratios
EPS
₹7.07
NAV
₹56.29
ROE
13.39%
ROCE
16.81%
RoNW
12.56%
P/B Value
1.24
P/E Ratio
9.9
Market Cap
₹105.70 Cr
PAT Margin
5.07%
Debt/Equity
0.57
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Skipper Limited | 74.75 | 4.63% | 27.77 | 3.46 | 3.46 |
| Konstelec Engineers Limited This IPO | 56.29 | 12.56% | 9.9 | 7.07 | 7.07 |
Promoters
Biharilal Ravilal Shah and Amish Biharilal Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 18.00 2 General corporate purposes 7.00 3 Public Issue Expenses 3.70
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹106.17 Cr in the year ending 31 Mar 2021, rising to ₹109.02 Cr by 31 Mar 2022, then increasing further to ₹155.00 Cr by 31 Mar 2023. However, as of 30 Sep 2023, total income decreased to ₹94.34 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.90 Cr in the year ending 31 Mar 2021, increasing to ₹3.52 Cr by 31 Mar 2022, and rising again to ₹7.78 Cr by 31 Mar 2023. By 30 Sep 2023, profit after tax was ₹4.56 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹70.0, Konstelec Engineers Limited has an implied P/E of 9.9, priced at roughly 9.9 trailing earnings, versus peers trading at a P/E range of 27.77.
Grey Market Premium, Explained
The grey market refers to the unofficial market where IPO shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the premium at which the shares are expected to list compared to the issue price. A higher GMP suggests strong demand for the shares in the grey market, while a lower GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and volatility.
Listing Gains — The Risk
Listing day gains refer to the potential profit an investor can make by selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware that while listing gains can be attractive, they also come with risks.
This evaluation is generated from Konstelec Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Konstelec Engineers IPO GMP today?
Konstelec Engineers IPO GMP today is +₹105.0 (150.0%), indicating an estimated listing price of ₹175. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Konstelec Engineers IPO?
The price band of Konstelec Engineers IPO is ₹66.0–₹70.0 per share.
When does Konstelec Engineers IPO open and close?
Konstelec Engineers IPO opens on 19 January 2024 and closes on 24 January 2024.
When does Konstelec Engineers IPO list on the stock exchange?
Konstelec Engineers IPO listed on 30 January 2024 at ₹175.0.
What is the lot size for Konstelec Engineers IPO?
The lot size for Konstelec Engineers IPO is 2000 shares, requiring a minimum investment of ₹140,000.
What is the price band for the IPO?
The price band for the IPO is ₹66.0 to ₹70.0.
What is the minimum investment required?
The minimum investment required is ₹140,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on January 19, 2024, and closes on January 24, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares are likely to list compared to the issue price.
When is the listing date?
The listing date for the IPO is January 30, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Jan 2024
Close
24 Jan 2024
Allotment
25 Jan 2024
Listing
30 Jan 2024
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