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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.