FREE Account Opening + No Clearing Fees
Loading...

Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Detail

March 9, 2021 - March 12, 2021

KMEW IPO is a fixed price issue of Rs 10.12 crores.

KMEW IPO bidding started from March 9, 2021 and ended on March 12, 2021. The shares got listed on BSE SME on March 22, 2021.

KMEW IPO price is ₹37 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹111,000.

Hem Securities Limited is the book running lead manager of the KMEW IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to KMEW IPO DRHP for detailed information.

KMEW IPO Details

IPO Date March 9, 2021 to March 12, 2021
Listing Date March 22, 2021
Face Value ₹10 per share
Price ₹37 per share
Lot Size 3000 Shares
Total Issue Size2,736,000 shares
(aggregating up to ₹10.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion144,000 shares

KMEW IPO Reservation

KMEW IPO offers 2,880,000 shares. 1,368,000 (47.50%) to NII, 1,368,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered144,000 (5.00%)
Other Shares Offered1,368,000 (47.50%)
Retail Shares Offered1,368,000 (47.50%)
Total Shares Offered2,880,000 (100%)

KMEW IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹111,000
Retail (Max) 1 3000 ₹111,000
Lot Size Calculator

KMEW IPO Promoter Holding

Mr. Saurabh M. Daswani and Mrs. Kanak S. Kewalramani are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue

About Knowledge Marine & Engineering Works Limited

Incorporated in 2015, Knowledge Marine & Engineering works Limited is primarily engaged in Marine Crafts and Marine Infrastructure Engineering and construction work. It is an established player in the small-crafts business segment in India.

The business operates in two segments; one is owning and operating Marine Craft and another comprised of ancillary services like repairing and maintenance, offering technical manpower solutions, conducting marine hydrographic and magnetometer surveys, etc.

The company has agreements with International Seaport Dredging Private Limited, Indian Port Dredging Private Limited, Paradip Port Trust, Solitaire Marine & Offshore Private Limited, and Visakhapatnam Port Trust to offer various services. The company owns many marine crafts such as River Pearl 1, River Pearl 2, River Pearl 3, and River Pearl 4.

Competitive strengths

  • Diversified range of modern technology Marine Crafts.
  • Leading player in the small-crafts segment in India.
  • Experienced and qualified management.
  • Strong order book value.
  • Consistent financial performance track record.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 3,381.29 3,550.60 2,994.45 1,409.29
Total Revenue 1,634.39 2,417.97 1,059.52 1,064.19
Profit After Tax 380.06 424.78 270.92 143.82

Objects of the Issue (KMEW IPO Objectives)

The IPO proceed will be used towards the following purposes;

  • To raise funds for business expansion (Building new craft river pearl 5, 20 Knots speed patrol boat for Visakhapatnam).
  • To meet business working capital requirements.
  • To meet general corporate purposes.
  • To meet issue related expenditures.

KMEW IPO Review (May apply)

[Dilip Davda]  Spectacular performance for last 18 months and orders worth Rs. 120 cr. on hand augurs well. The issue is priced at a P/E of around 5 making it a reasonably priced offer. With the developments of ports, dredging and marine crafts repair business is set to grow. Investors may consider an investment with a long term perspective. Read detail review...


KMEW IPO Subscription Status (Bidding Detail)

The KMEW IPO is subscribed 2.87 times on March 12, 2021 7:49:00 AM. The public issue subscribed 3.65 times in the retail category, times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.09
Retail3.65
Total2.87

KMEW IPO Prospectus

KMEW IPO Rating

98
3.6
Rating:Rated 3.6 stars
Vote Here ...

KMEW IPO Listing Details

Listing Date March 22, 2021
BSE Script Code 543273
NSE Symbol
ISIN INE0CJD01011
Final Issue Price ₹37 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹37.00
₹38.00
₹37.10
₹38.50
₹38.25

Check IPO Performance…

Knowledge Marine & Engineering Works Limited Contact Details

Knowledge Marine & Engineering Works Limited
Office No. 402, Sai Samarath Business Park,
Deonar Village Road, Govandi (East) Mumbai 400088

Phone: +91-022-49739383
Email: info@kmew.in
Website: http://www.kmew.in/

KMEW IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: kmewl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

KMEW IPO - Buy or Not

KMEW IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

KMEW IPO FAQs

KMEW IPO is a SME IPO of 2,736,000 equity shares of the face value of ₹10 aggregating up to ₹10.12 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000 Shares.

The IPO opens on March 9, 2021, and closes on March 12, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in KMEW IPO using UPI as a payment gateway. Zerodha customers can apply in KMEW IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in KMEW IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'KMEW IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The KMEW IPO opens on March 9, 2021 and closes on March 12, 2021.

KMEW IPO lot size is 3000 Shares, and the minimum amount required is ₹111,000.

You can apply in KMEW IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for KMEW IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the KMEW IPO allotment status.

The KMEW IPO listing date is on March 22, 2021.
Open an Instant Account with Zerodha

KMEW IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

Comments

No Feedback Found. Be the first to post the comment.