Konstelec Engineers Ltd Share Price – NSE

Infrastructure Developers & Operators, Small Cap

Konstelec Engineers will hold a meeting of the Board of Directors of the Company on 12 November 2024

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Konstelec Engineers announced that the 29th Annual General Meeting (AGM) of the company will be held on 16 September 2024.

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Konstelec Engineers will hold a meeting of the Board of Directors of the Company on 10 May 2024.

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The scrip was listed at Rs 210, a premium of 200% compared with the initial public offer (IPO) price. The stock was currently trading with gains of 2.50% over its listing price.

The counter hit a high of Rs 220.50 and a low of Rs 210. About 20.72 lakh shares of the company changed hands at the counter.

Konstelec Engineers's IPO was subscribed 227.47 times. The issue opened for bidding on 19 January 2023 and it closed on 23 January 2023. The price band of the IPO was fixed between Rs 66 to Rs 70 per share.

The IPO comprised fresh issue of 41,00,000 shares. The promoter and promoter shareholding diluted to 66.77% from 91.65% pre-IPO.

The company intends to utilize the net proceeds to meet working capital requirements, to meet public issue expenses and general corporate purposes.

Ahead of the IPO, Konstelec Engineers on 18 January 2023, raised Rs 8.16 crore from anchor investors. The board allotted 11.66 lakh shares at Rs 70 per share to 7 anchor investors.

Konstelec Engineers engaged in the business of offering full range of engineering, procurement, and construction/ commissioning (EPC) services in India and abroad. Its services find applications across several processing and various kinds of manufacturing industries such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes, domestically and internationally. The company’s key offerings include engineering design and drawings, procurement, operations and maintenance, project management and construction and commissioning.

The company provides one-stop solution to its clients for various kinds of engineering projects. The company has the privilege of serving a number of esteemed clients such as Reliance Industries, Engineers India, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries, Adani, NTPC, Tata Steel, Navin Fluorine International and IGPL, etc. The company has 884 employees at various project sites across India and Africa.

The company recorded revenue from operations of Rs 93.05 crore and net profit of Rs 4.56 crore for the period as on 30 September 2023.

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