IPO Issue Details
Issue Price / Price Band₹37 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size27,36,000 shares (aggregating up to ₹10.12 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 09 Mar 2021
Subscription CloseFri, 12 Mar 2021
Anchor AllotmentMon, 08 Mar 2021
Basis of AllotmentThu, 18 Mar 2021
Initiation of RefundsFri, 19 Mar 2021
Credit of Shares to DematFri, 19 Mar 2021
Listing DateTue, 22 Mar 2022
UPI Mandate Deadline2021-03-12
Application & Investment Details
Retail — Min (1 Lots)₹1,11,000 — 3,000 shares
Retail — Max (13 Lots)₹1,443,000 (13 Lots)
HNI — Min (2 Lots)₹2,22,000 — 6,000 shares
Net Offer to Public25,92,000 shares (aggregating up to ₹9.59 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.5328 Cr)
Pre-IPO Promoter Holding75,00,000 shares
Post-IPO Promoter Holding1,02,36,000 shares
About Knowledge Marine & Engineering Works Ltd.
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 strengthsDiversified 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.
Objects of the Issue
Knowledge Marine & Engineering Works Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital requirements
7.60
2
2 General Corporate Purpose
1.47
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,00,000 shares
Post-IPO Promoter Holding
1,02,36,000 shares