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Konstelec Engineering share Price: Konstelec Engineering debuted on the NSE SME platform with a premium of 200%, listing at Rs 210 compared to the issue price of Rs 70. The company s shares commanded a robust GMP of Rs 90 in the unlisted market. The SME IPO of Konstelec Engineering received massive subscription and raised around Rs 28.7 crore. ....
The SME IPO of Konstelec Engineering received massive subscription. Investors can check the status of Konstelec Engineering IPO allotment on the registrar s website. The company plans to use the funds raised for working capital expenses, collateral security, and general corporate purposes. Konstelec Engineering specializes in project management, procurement support, and engineering services for electrical infrastructure projects. It has an order book of over 50 projects worth Rs 573 crore. The company recorded a revenue of Rs 93.05 crore in the first half of the current financial year. ....
The SME IPO of electrical EPC services company Konstelec Engineers was subscribed 105 times so far on the second day of the bidding process. The issue was booked 181 times in the retail category, and 86 times in the NII portion. ....
Konstelec Engineers IPO, priced at Rs 66-70 per share, aims to raise approximately Rs 28.70 crore. The issue has been subscribed 11 times on the first day, with the retail category booked nearly 20 times. The NII portion has been subscribed 6.23 times, and institutional investors portion received 3.52 times bids. Konstelec Engineers plans to utilize the funds for working capital expenses, procurement support, and general corporate purposes. ....
The SME IPO will include a fresh equity issue of 41 lakh shares. Beeline Capital Advisors is the book-running lead manager, and Skyline Financial Services is the registrar of the issue. ....