Konstelec Engineers Limited IPO (Konstelec Engineers IPO) Detail

What’s going on??? Company is good so why it’s going down and down every day?

Added one lot today

Is it good to enter at 244 level ? and Wondeing why is it showing me option to buy 1 as well when its sme and should have been in lots

Added konstelec engg ltd today!
Tomorrow circuit filter✅

Tomorrow it might touch at lower circuit (200 level).

Added few lots at the avg price of 220, buying seen now.

UC broken but still looking stable

​@SJogi Sir, correct me if i'm wrong.
I think the price is surging up continuously from past few days is because recent initiative of 1cr. free solar rooftop scheme by GOI & also it has good order book. But the question is what should be the ideal valuation ? Is it overvalued as the P/E is around 57.6. What should be the target price?
Kindly give your valuable insights on this. Thank You in advance.

LC today. When will it's LOT size will change?

Amount is still blocked. What to do?

​@mohakn Send mail to registar and bank with all details.

Big UC

detailed analysis:-
📌Konstelec Engg ltd clients:- Reliance🔥ISRO🔥Adani🔥Tata🔥,BARC ,Indian Oil, BPCL, HPCL, Engineers India Limited, JSW Steel, CPCL, MRPL, ACC, Dangote Industries Limited, NTPC, Navin Fluorine International Ltd and IGPL, etc.🚀

▪️The company has a strong order book of Rs.573 Cr✅, out of which Rs.380+ Cr worth orders are still pending.

📍Konstelec has been actively involved in various Solar Power plant projects under the Jawaharlal Nehru National Solar Mission (JNNSM)✅, an initiative by the Govt of India to promote solar energy adoption. These projects have been undertaken in collaboration with various EPC consultants.

📌📌 ➡️ ➡️
▪️Founded in December 1995, Konstelec Engg ltd✅ is in the business of Engineering, Procurement, and Construction/ Commissioning (EPC) contractors offering full range of EPC services in India and abroad. Its services find applications across several processing and various kinds of manufacturing industries such as Oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care and commercial complexes, domestically and internationally.💫

▪️The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects✅ of varying size and complexity, including 45 major projects worth over 400 Cr🔥 .

▪️According to the management, it is operating on a Pan-India basis having activities in 15 states. With major infra push given by the Govt of India, the company has bright prospects going forward.🚀

▪️The company possesses the requisite resources of DG sets, hydra/ crane, testing equipment's for civil/ electrical/ instruments, commercial vehicles, manpower strength etc. to execute projects successfully✅.

▪️It has in-house capabilities💫 to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving return on investment. The company offers professional solutions, encompassing design and engineering services, to cater to the needs of valued customers.

▪️The company provides services in more than 15 states in India and Nigeria✅.

▪️The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.

📍BIO ETHANOL🔥: Continuous CAPEX to meet 20% blending target. (KEL has 43.68Cr✅ BIO ETHANOL Project from HPCL)

📌AWARDS:-

➢The HSE Performance Award from the Adani Mundra Port & Special Economic Zone Limited💫.
➢The Award for the Best Quality💫 PPE Compliance in the year 2010, from the Reliance Industries Limited (Refinery Division).
➢They were rated SME 1 by CRISIL, a Channel Partner of the Ministry of New and Renewable Energy (MNRE).
➢The Award for Best Safety Performance for Contractors in the year 2002, from Reliance Petroleum Limited (Jamnagar Refinery Complex).

📌📌
▪️IPO price: Rs.70
▪️IPO size: 28.7 Cr (excluding anchor, size is 20.54Cr)
▪️CMP:Rs.210
▪️Market cap: 315 CR
▪️P/E: 34✅ (Peers at 46+😮)
▪️EPS: 6.1
▪️ROE: 13.39%
▪️ROCE: 16.81%
▪️RoNW: 12.56%
▪️Debt/Equity:0.57
▪️Assets:162.23Cr
▪️Total Borrowing:41.09Cr (Reserves and Surplus:55.47Cr)
▪️Share Holding Pre Issue:91.65%
▪️Share Holding Post Issue:66.77%

📌FINANCIALS:
▪️FY24H1 Rev: 94.34 Cr🔥
▪️FY24H1 PAT: 4.56 Cr🔥
▪️FY23 revenue is 155 Cr as compared to 109 Cr(FY22), 42%✅ growth yoy.
▪️FY23 PAT is 7.77 CR as compared to 3.52 Cr(FY22), 121%✅ growth yoy.
▪️46% growth in revenue in last 2 years.
▪️310%🔥 growth in PAT in last 2 years.

(PAT margins of 1.81% (FY21), 3.29% (FY22), 5.07% (FY23), 4.90% (H1-FY24)✅)

📌IPO funds:
From the net proceeds of the IPO funds, it will utilize Rs. 18.00 cr. for working capital, and the rest for general corporate purposes.

📌PEERS:
As per the offer document, the company has shown Skipper Ltd. as their listed peer. It is trading at a P/E of 46.73✅ (as of January 16, 2024). However, they are not comparable on an apple-to-apple basis.

📌CLIENTS:
Reliance, ISRO , Adani ,Tata ,BARC ,Indian Oil, BPCL, HPCL, Engineers India Limited, JSW Steel, CPCL, MRPL, ACC, Dangote Industries Limited, NTPC, Navin Fluorine International Ltd and IGPL, etc.🔥🔥

📌SECTOR GROWTH:
▪️In Union Budget 2022-23, the government has given a massive push to the infrastructure sector by allocating Rs. 10 lakh crore (US$ 130.57 billion) to enhance the infrastructure sector.✅

▪️The government expanded the ‘National Infrastructure Pipeline (NIP)’ to 9,335 projects. 217 projects worth Rs. 1.10 lakh crore (US$ 15.09 billion) were completed as of 2020.

▪️Opportunity in Green Energy Sector.✅

▪️In fiscal year 2022-23, India expected to commission 10 thermal power units of an aggregate 7,010 MW capacity.  Cumulatively 39 thermal power plants with a capacity of 27,550 MW✅ are under construction and will likely take another four years to complete.

▪️Private investment into physical and social infrastructure is key to putting India in a high growth trajectory, which will make it a US$ 5 trillion💫 economy by 2024-25.

▪️The eight core infrastructure industries include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. In January 2022, the combined index of eight core industries stood at 144.4. In October 2020, NITI Aayog and Quality Council of India (QCI) launched the ‘National Program and Project Management Policy Framework’ (NPMPF), envisaged to bring radical reforms in the way infrastructure projects are executed in India. On September 23, 2020, National Thermal Power Corporation Ltd. (NTPC) announced plans to establish industrial parks inside its power projects and has invited Expression of Interests (EOIs) from Indian firms.🚀

▪️For 2023-24, the total budgetary allocation towards the Ministry of Power stood at Rs. 1,96,035 crore (US$ 23.83 billion)✅.

📌STRENGTH:
➢Robust Technical Infrastructure, Strong Project Management, Strong Client Relationships✅.

➢Comprehensive Service Offering, Proven Track Record of Successful Projects, Robust Order Book🔥.

➢Expertise and Experience:- The growth they have achieved can be attributed to the visionary leadership and guidance of the promoters, Mr. Biharilal Ravilal Shah and Mr. Amish Biharilal Shah. Their extensive knowledge and over 60 years💫 of business experience in the industry have been instrumental in driving their efficiency and success.

➢Diverse and Skilled Workforce, Commitment to Quality and Safety.

📌FUTURE PLAN:
▪️Technological Advancement.✅

▪️Strong Project Execution.✅

▪️Customer-Centric Approach & Sustainable Growth.

▪️Enhancing Brand Name, Leveraging Market Skills and Relationships.

▪️Increasing Customer Reach.

📌For more details, visit:- https://konstelec.com

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing.

Electrical distribution EPC stocks are going to be on fire 🔥!!
Big growth expected ❤️
Konstelec ✅

Today also strong UC with no sellers🔥

📌Added few lots of Konstelec engg ltd yesterday and today.
▪️Company has ISRO, ADANI, RELIANCE, TATA😮 and many more as clients. Order book is nearly of 573Cr.

▪️Will post detailed anaysis in 1/2 hr.

Added few lots of Konstelec in pre open

Added 2 lots in preopen..
Soon this will touch 500 with good order book also it's business in other country as well ..
Working in bright sector of Solar

What trading app you are using? I tried the same in HDFC Securities and got error - ISINSuspForAll
What does it mean?

good listing

​@M Gupta sir, could we see LC here before consolidation? Thanks.

My amount is still blocked while the company is already listed! Applied with UPI/GooglePay/HSBC. Anyone else facing the issue?

Almost all Retail/HNI + MM shares change hands to Strong visionors.....Let see Journey aftyer 10 Days...............or next Result(2-4 Month)

​@Sandapaul Yes strictly speaking money will come only by evening tomorrow. I use same accounts for primary and secondary, so will be pulling capital from what I have for secondary opportunities. It's kind of a mental allocation in this case which I'm ok with because the transaction is closed.

Congratulations for good listing.

In all probablity, this will be double from here onwards, within two months.

Regards

Very much possible!
All the EPC sector companies are on fire🔥
Will post detailed analysis of Konstelec tomorrow .

Today total 4 new shares are going to be listed.
1.Epack
2. Law Sikho
3. Konstelec
4. Euphoria

Hence the total amount will be distributed in all these 4 stocks as per the investors interest. Therefore listing may be not 🤘 🤘 as fantastic as yesterday. But let's see.

Full madness going on..people ready to buy at any price. I will buy only at decent levels.

Konstelec Engineers Ltd NSE SME IPO.
NSE Code:-22475                  
Symbol:-KONSTELEC
Group:-ST
ISIN:-INE0QEI01011      
Issue Price:-70/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-NSE SME