MUMBAI - Konstelec Engineers Ltd, a provider of comprehensive EPC (Engineering, Procurement, and Construction) services, has announced the price band for its upcoming Initial Public Offering (IPO) at Rs 66 to Rs 70 per share ($1 = ₹83.17). The company aims to raise Rs 28.70 crore through the public offering to enhance its working capital and further its growth.
The firm, which boasts a diverse portfolio of projects and prestigious clients such as Reliance Industries and the Indian Space Research Organisation (ISRO), has recently reported a net profit of Rs 4.56 crore, underlining its financial health and significant revenue generation.
Beeline Capital Advisors is steering the IPO process for Konstelec Engineers. The bidding for the IPO is set to commence on January 19, with the anticipation of the company being listed on the National Stock Exchange's (NSE) Emerge platform, a dedicated segment for small and medium-sized enterprises (SMEs).
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