IPO Details

Bidding Dates

19 Jan '24 - 23 Jan '24

Minimum Investment

₹140,000 / 1 Lots ( 2000 Shares )

Price Range

₹66 - ₹70

Maximum Investment

₹140,000 / 1 Lots ( 2000 Shares )

Retail Discount

Not Applicable

Issue Size

₹28.70 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jan 19, 2024

Closing Date

Jan 23, 2024

Basis of Allotment

Jan 24, 2024

Initiation of Refunds

Jan 25, 2024

Credit of Shares to Demat

Jan 25, 2024

Listing Date

Jan 29, 2024

Cut-off time for UPI mandate confirmation

Jan 23, 2024

About Konstelec Engineers Ltd

Konstelec Engineers Ltd was incorporated on December 5, 1995, as a private limited company and started business operations as a design engineering company. They are Engineering, Procurement, and Construction (EPC) contractors offering a full range of EPC services such as engineering design and drawings, procurement, operations and maintenance, project management and construction.

They currently specialise in delivering full-scale project management, procurement support, and detailed engineering services for various kinds of electrical infrastructure projects across India and abroad. To be specific, their expertise includes Electrical Installation, Solar Power Plant Setup, Instrumentation and Automation.

Their services find applications across several kinds of manufacturing industries such as oil and gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes, domestically and internationally.

As of February 2023, India’s installed solar energy capacity has increased by 24.4 times in the last 9 years and stands at 63.3 GW. India’s power consumption grew by 11.65% in H1 FY23. Therefore, an organised infrastructure developer like Konstelec Engineers can benefit from an expansion of the power sector, especially the solar power industry, over time.

Konstelec Engineers Ltd IPO Details

Konstelec Engineers Ltd IPO Date

The dates for bidding for the Konstelec Engineers IPO are January 19, 2024, to January 23, 2024.

Konstelec Engineers Ltd IPO Price Band

Konstelec Engineers is a book-built IPO. The exact price range is ₹66 to ₹70 per share.

Konstelec Engineers Ltd IPO Lot Size

The Konstelec Engineers Ltd IPO lot size is 2,000 shares per lot.

Konstelec Engineers Ltd IPO Lot Size

The net proceeds from the issue are proposed to be utilised towards the following objects:

  1. To meet working capital requirements
  2. General corporate purposes
  3. To meet public issue expenses

Peer Details

As per DRHP, Skippers Limited is a listed peer company of Konstelec Engineers in India.

How To Check the Allotment Status of the Konstelec Engineers Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Konstelec Engineers Ltd

Registered office: 308, Creative Industrial Estate, Sundar Nagar Lane No. 2, Kalina, Santacruz (East), Mumbai- 400098, Maharashtra, India

Phone: +91 2243 421551

E-mail: compliance@konstelec.com

Company Financials

Particulars Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Income 15,500.05 10,902.31 10,617.16
Profit After Tax 777.77 352.25 190.34
Return on Capital Employed 16.81% 9.00% 6.89%
Return on Equity 13.39% 6.71% 3.81%
Current Ratio 1.73 1.75 1.86

Know before investing


  1. With over two decades of experience in the EPC industry, the team has developed extensive expertise in handling a diverse range of projects.

  2. As a full-service EPC company, they provide a complete suite of project management, engineering, procurement, and construction services. This helps them diversify their offerings and build closer relationships with their clients as they offer end-to-end solutions.

  3. They have a geographical presence across multiple states in India as well as Nigeria, thus helping them diversify their areas of operation.


  1. Their top ten customers contributed 59.82%, 70.02%, and 85.16% of their total revenue from operations for the financial year ended on March 31, 2023, 2022 and 2021, respectively. This indicates excess concentration of revenue sources which makes their profits vulnerable to loss of clients.

  2. Their top ten suppliers contributed 46.54%, 51.54% and 45.40% of their total purchases for the financial year ended on March 31, 2023, 2022 and 2021, respectively. This shows an excess concentration of sources of inputs which makes their supply chain vulnerable to disruptions.

  3. The business of the company is working capital intensive. The successful operation of our business thus heavily relies on significant working capital requirements, which, if not met, may disrupt the company’s operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Konstelec Engineers Ltd IPO FAQs

What is Konstelec Engineers Ltd's IPO?

Konstelec Engineers IPO is a book-built IPO. The dates for the IPO are January 19, 2024, to January 23, 2024.

When will Konstelec Engineers Ltd's IPO be allotted?

The basis of allotment will be finalised on Wednesday, January 24, 2024. The credit of shares to the demat accounts will take place on Thursday, January 25, 2024.

When will Konstelec Engineers Ltd's IPO open for subscription?

The IPO subscription window is from January 19, 2024, to January 23, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO is 2,000 shares per lot.

When will Konstelec Engineers Ltd list on exchanges?

Konstelec Engineers Ltd will be listed on the NSE Emerge on Monday, January 29, 2024.

What would be the listing gains on the Konstelec Engineers Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Monday, January 29, 2024.

I have finished the application process for the Konstelec Engineers Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Konstelec Engineers Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Konstelec Engineers Ltd using one PAN?

You can submit only one application using your PAN card.