Incorporated in 1995, KNR Constructions Limited is an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh.
Some of the major projects completed by KNR:
Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.
Rehabilitation and upgrading of Surat (Gujrat).
Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.
Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.
Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Further Equity investment in BOT projects;
2. Purchase of capital equipment;
3. For meeting working capital requirement;
4. For General Corporate Purpose.
| IPO Opening Date | Jan 24, 2008 |
| IPO Closing Date | Jan 29, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹170 to ₹180 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| Issue Size | 7,874,570 Eq Shares of ₹10 (aggregating up to ₹133.87 Cr) |
The KNR Constructions IPO market lot size is 35 shares. A retail-individual investor can apply for up to 31 lots (1085 shares or ₹195,300).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 35 | ₹6,300 |
| Maximum | 31 | 1085 | ₹195,300 |
KNR Constructions Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average, in relation to other listed equity securities in India.
The KNR Constructions IPO is subscribed 1.25x times on Jan 29, 2008 17:00. The public issue subscribed 0.28x in the retail category, 1.38x in the QIB category, and 3.21x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 1.25x |
| Listing Date | Monday, February 18, 2008 |
| BSE Script Code | 532942 |
| NSE Symbol | KNRCON |
| Listing In | B1 Group of Securities |
| ISIN | INE634I01011 |
| IPO Price | ₹180 per equity share |
| Face Value | ₹10 per equity share |
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KNR Constructions Limited
6-3-635, 3rd Floor,
Akash Ganga, Khairathabad,
Hyderabad 500 004, India
Phone: +91-40-23323435
Email: ipo@knrcl.com
Website: http://www.knrcl.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: knr.ipo@intimespectrum.com
Website: http://www.linkintime.co.in
Lead Manager Reports
KNR Constructions IPO is a main-board IPO of 7,874,570 equity shares of the face value of ₹10 aggregating up to ₹133.87 Crores. The issue is priced at ₹170 to ₹180 per equity share. The minimum order quantity is 35 Shares.
The IPO opens on Jan 24, 2008, and closes on Jan 29, 2008.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The KNR Constructions IPO opens on Jan 24, 2008 and closes on Jan 29, 2008.
KNR Constructions IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
You can apply in KNR Constructions 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for KNR Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the KNR Constructions IPO allotment status.
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