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Konstelec Engineers IPO
Konstelec Engineers Limited
₹1,32,000 /2000 sharesMinimum Investment
Konstelec Engineers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Jan ‘24 - 24 Jan ‘24 | ₹1,32,000 | 2,000 | ₹66 - ₹70 |
| Issue Size | IPO Doc |
|---|---|
| 28.70Cr | RHP PDF |
About Konstelec Engineers
Founded in
1995
Managing director
Mr. Biharilal Ravilal Shah
Parent organisation
Konstelec Engineers Limited
Strengths & Financials of Konstelec Engineers
Strengths
Risks
Konstelec Engineers, a licensed electrical contractor, has completed over 200 projects, including 45 major projects exceeding Rs. 400 Crores in India and abroad. As of August 31, 2023, their order book comprises 50 major projects valued at around Rs. 565 Crores, indicating a robust order pipeline in various stages of implementation.
The company’s client base includes 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.
Geographically, Konstelec Engineers operates in multiple regions across India (Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Gujarat, Odisha, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal) and Nigeria in Africa, providing a strategic advantage for market diversity and business expansion.
The company possesses over two decades of experience and extensive expertise in EPC projects, handling various complexities across different scales.
For efficient project management, the company utilizes cutting-edge planning tools and processes. It also adopts a proactive approach to cost-effective alternatives and adherence to Quality, Health, Safety, and Environment (QHSE) policies for successful project delivery.
Konstelec Engineers has a robust technical infrastructure featuring an in-house design setup and the latest technological advancements.
The company's top ten customers contributed 59.82%, 70.02%, and 85.16% of total revenue in the financial years ending on March 31, 2023, 2022, and 2021, respectively. The business heavily relies on a few customers, and losing any major customer may impact revenues and profitability.
The company is facing ongoing litigation, and an unfavorable outcome could have adverse effects on its business, reputation, and operational results.
While the current order book stands at around Rs. 565 Crores as of August 31, 2023, it does not ensure the complete realization of future income. Orders may undergo modifications, cancellations, delays, holds, or partial payments, potentially affecting operational results.
Recent negative cash flows from operations raise the possibility of future negative cash flows. In March 2021 the negative cash flow was Rs. 3.34 Crores and in the year 2023 it was Rs. 4.57 Crores
As of March 31, 2023, the company holds a total indebtedness of Rs. 35.07 Crores in short-term and long-term borrowings. This also includes unsecured loans totaling Rs. 1.15 Crores. Inability to service debt obligations or comply with financial and other covenants may adversely affect business, prospects, operational results, and financial condition.
As of March 31, 2023, the company’s contingent liabilities amounted to Rs. 3.02 Crores, which could impact the company's financial condition.
Konstelec Engineers heavily depends on India for nearly 90% of its revenue, with exports limited to Nigeria. This concentrated geographical focus exposes the company to risks associated with competition, economic shifts, and regional demographic changes. These factors may have adverse effects on business prospects, financial conditions, and operational results.
Konstelec Engineers Financials
*All values are in Rs. Cr
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Application Details of Konstelec Engineers IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹66 - 70 | ₹2 - 5 Lakh |
| High Networth Individual | ₹66 - 70 | ₹2 - 5 Lakh |
For Konstelec Engineers IPO, eligible investors can apply as Regular.