About Konstelec Engineers Limited
Konstelec Engineers Limited is launching its IPO. The IPO opens for subscription on 19th January and will close on 23rd January 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Konstelec Engineers Limited do?
Incorporated in 1995, the company specializes in engineering, procurement, and construction/commissioning (EPC) services. The company offers a wide range of services, including engineering design and drawings, procurement, operations and maintenance, project management, and construction and commissioning. Their expertise covers electrical installation, solar power plant setup, instrumentation, and automation.
The company has successfully completed over 200 projects, including 45 major projects valued at more than ₹ 400 crores. Their client portfolio includes organizations such as 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. They operate in more than 15 states in India and Nigeria, providing consistent and expanding services to their clients.
Schedule of Konstelec Engineers Limited IPO
| Issue Period | 19th January to 24th January 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 25, 2024 |
| Initiation of Refunds | January 29, 2024 |
| Credit of Shares | January 29, 2024 |
| Date of Listing | January 30, 2024 |
| Mandate end date | February 07, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | February 22, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | April 22, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Konstelec Engineers Limited IPO?
You can apply for the Konstelec Engineers Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Konstelec Engineers Limited IPO?
You can check the allotment status for the Konstelec Engineers Limited IPO on the website of the Registrar and Transfer agent.