The Knowledge Marine Engineering Works Limited’s IPO to open on Tuesday March 09 2021 with fixed Price Band of Rs. 37 per Equity Share each of Face Value of Rs. 10 each.
About Company
Knowledge Marine & Engineering works Limited is Incorporated in 2015, the company 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.
IPO details
| Subscription Dates | 9 – 12 March 2021 |
| Price Band | INR 37 per share |
| Fresh issue | 2,736,000 shares (INR1.92 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,736,000 shares (INR1.92 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Object to the issue
- To raise funds for business expansion (Building new craft river pearl 5, 20 Knots speed patrol boat for Visakhapatnam).
- To meet business working capital requirements.
- To meet general corporate purposes.
- To meet issue related expenditures.
Financial Performance
| Particulars | FY2018 | FY2019 | FY2020 | H1 FY2021 |
| Revenue | 10.64 | 10.60 | 24.18 | 16.34 |
| Expenses | 8.46 | 7.59 | 18.86 | 11.27 |
| Net income | 1.44 | 2.71 | 4.25 | 3.80 |
| Net margin (%) | 13.5 | 25.6 | 17.6 | 23.3 |
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