Konstelec Engineers IPO Allotment Status, Share Price, GMP Today

The Konstelec Engineers IPO date is already fixed. The IPO process has already started from 19 January 2024. The IPO was closed on 23 January 2024. The company is a national stock exchange SME IPO Will distribute an IPO of 28.70 crores. The Konstelec Engineers IPO Price band is fixed at a price of ₹66-₹70. However if you want to buy a lot then this will include 2000 shares.

Konstelec Engineers IPO Allotment Status

Konstelec Engineers company Was originated as the name of Konstelec Engineers private Limited. After that their company converted from a private limited to public limited company under shareholder resolution passed in an extraordinary General meeting which was taken on 30 June 2023. Now that Company on 25 August 2023 certified as Konstelec Ltd. The company is registered in Mumbai. The corporate identification number of the company you can check. To know all about Konstelec Engineers IPO Allotment Status stay with us in this post at last.

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At the present situation the company provides various specifications, engineering, procedures ,instruction commission etc and are engaged in the business of offering a full range of EPC service in India and abroad. They offer various types of engineering designs and drawings that include projects and management and construction and commissioning.

Konstelec Engineers IPO Allotment Status Overview

Company Konstelec Engineers Limited
Category IPO
IPO Open 19 January 2024
IPO Size 28.70 crores
IPO Closes 23 January 2024
Price Band 66 to 70 per Share
Face Value 10 Rupees Per Share
Konstelec Engineers IPO Allotment Status
Konstelec Engineers IPO Allotment Status

Konstelec Engineers IPO Date

The objective behind The release of the IPO is to meet working capital requirements. The other objective is for general corporate purposes and anyone can apply to this IPO. The IPO procedure was started on 19 January 2024.

The IPO will be closed on 23 January 2024 and the IPO size is 28.70 crore with 4100000 equity shares.  The face value of share is ₹10 per share and price band of IPO is ₹66-₹70 per equity share. The IPO will be listed on the national stock exchange.

Konstelec Engineers IPO Price Band

The IPO price band is ₹66-₹70 per equity share. Konstelec Engineers IPO Allotment Status Will be finalised and currently there is no data available regarding allotment status. The retail quota of the stock is 35% of the net offer and QIB quota is 50% of the net offer.

The NIL quota is 15% of net offer and the other prospect as you can see on the companies website or ticker tape. The company’s share is known for the public sector company share. The refund will be credited to your account on 25 January 2024. The basis of the Konstelec Engineers IPO Allotment Status date is 24 January 2024.

Konstelec Engineers Share Price

Konstelec Engineers share prices around ₹10 per share. However after the listing or share the share price will be different. So those who want to apply for this can follow the process as per the below section.

You can check out the allotment status through the official website on the skyline financial website URL. The allotment status is not available at this time. The company allotment status will be available once the basis of allotment will be finalised. So please recheck and revisit our latest update for status.

How To Apply for Konstelec Engineers IPO?

Those investors who want to apply for the Konstelec Engineers IPO can follow the process.

  • Visit the website of any stockbroker.
  • Open your demat account.
  • Go to the IPO section and download the application of IPO.
  • Fill the form and choose the number of shares under lot.
  • Click on the submit button and pay the fund.

Konstelec Engineers IPO Valuation

Konstelec Engineers IPO valuation IPO detail you can check on the prospectus. However like earning per share, Price to earning ratio,  return on net worth and net asset value is also important. The company’s earning per share is 7.07 Per equity share.

The price to earning ratio is 7.07, return on net worth is at 12.56%. The net asset value is ₹46.10 per equity share. The peer group of the company is skipper Ltd. The company promoters name Bihari Lal Ravi Lal Shah and Mr Amish Bihari Lal Shah. The IPO is already open for a retail investor and after 24 January the allotment status will be available.

Konstelec Engineers IPO Market Lot

The Konstelec Engineers IPO minimum market lot is 2000 shares with a price of 1,40,000 application amount. The lot size for one lot is 2000 shares with a price of 1,40,000 of retail maximum. The S- HNI minimum share lot size is two and the no. of shares is 4000 and the amount of share is 2,80,000. The company’s prospectus you can check on the company’s official website.

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