KMEW IPO / Knowledge Marine IPO Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Knowledge Marine & Engineering Works IPO release date, IPO offer price, subscription, KMEW IPO / Knowledge Marine IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Face Value | Rs 10 |
Cash Price | Rs 37 |
Listing At | BSE, SME |
Min. Order Quantity | 3000 Eq Shares |
Listing Date | [●] |
Offer for Sale | Rs lakhs |
Fresh Issue | Rs lakhs |
IPO Size | Rs 10.12 Crores |
Tick Size | Rs. 1 |
Knowledge Marine & Engineering Works IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
Knowledge Marine & Engineering Works Share Price – Live Performance |
Knowledge Marine & Engineering Works IPO – Summary
Their Company is engaged in the business of owning and operating of Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure.
Their group started their business in the year 2015 under the name Kamal Marine & Engineering Works Private Limited, which undertakes the business of repair/ refits of marine crafts.
With a two years of marine engineering experience and sustainable financial growth, the group expanded to owning and operating small crafts under the flagship of Knowledge Marine & Engineering Works Private Limited with its head office at Mumbai.
Over the years they have become an established player in the small-craft business segment in India and have evolved from a small ship-repair unit to a ship-owning Company.
The Promoters of this company are Mr. Saurabh M. Daswani and Mrs. Kanak S. Kewalramani. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
KMEW IPO / Knowledge Marine IPO Date
The opening and the closing date of IPO of Knowledge Marine & Engineering Works Limited is Mar 9, 2021 – Mar 12, 2021
KMEW IPO / Knowledge Marine IPO Subscription
Day / Date | QIB | NII | RII | Total Subscription |
1st Day – March 9 | – | 0.81x | 0.47x | 0.64x |
2nd Day – March 10 | – | 1.31x | 1.30x | 1.30x |
3rd Day – March 11 | – | 1.31x | 1.30x | 1.30x |
4th Day – March 12 | – | 2.05x | 3.20x | 2.62x |
Shares Offered or Net Issue |
– | 1,368,000 | 1,368,000 | 2,736,000 |
The shares subscribed by the public will be updated here.
KMEW IPO / Knowledge Marine IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
KMEW IPO / Knowledge Marine IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
Basis of Allotment Finalization | – |
Refunds Initiation | – |
Credit of Shares to Demat Account | – |
Share Listing Date | – |
KMEW IPO / Knowledge Marine IPO Price Band / Cash Price
The face value of each share is Rs.10, but the cash price of the IPO is Rs.37.
KMEW IPO / Knowledge Marine IPO Equity Size
This Initial Public Issue of 27,36,000 Equity Shares of Rs.10 each for cash at a price of Rs.37 per equity share aggregating to Rs.3.12 Cr.
KMEW IPO / Knowledge Marine IPO Share Offering
Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares Share aggregating to Rs.[●] Lakhs
Issue Size: 27,36,000 Equity Shares of Rs.10 each, aggregating to Rs.10.12 Cr.
KMEW IPO / Knowledge Marine IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
Live IPO Performance – Knowledge Marine & Engineering Works Share Price |
Knowledge Marine & Engineering Works IPO Grey Market Premium
The Knowledge Marine & Engineering Works Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Knowledge Marine & Engineering Works IPO – Company Overview
Their Company was incorporated in the year 2015 with a vision to own and operate marine craft for the Government of India. Their Company has an approximate asset value of around Rs. 25 crores and an order book of over Rs. 100 crores. Their Company has two major segments which includes following:
1. Owning and operating of Marine crafts for dredging services; and
2. Ancillary services – conducting marine hydrographic & magnetometer survey, providing technical manpower solutions for maintenance and operation of vessels and repairs and Maintenance/ Refits of Marine Crafts and Marine Infrastructure
KMEW IPO / Knowledge Marine IPO Business Verticals
They, as a KMEW group, operate with other 3 (three) companies formed as a special purpose vehicle (SPV) through joint venture agreement to meet the CPC guideline set by the Government of India for large contracts and to secure them for the group’s growth. They handle the contracts which involves following:
1. repairs, refit and renewals of marine crafts, hiring of tug, survey-cum-pilot launch, barges and other marine vessels;
2. dredging at various ports of India;
3. manning, technical maintenance, operations of marine vessels; and
4. hydrographical and magnetometer surveys.
Knowledge Marine & Engineering Works IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
Amount (in INR & lakhs) | ||||
30-Sep-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
Total Assets | 3,381.29 | 3,550.60 | 2,994.45 | 1,409.29 |
Total Revenue | 1,634.39 | 2,417.97 | 1,059.52 | 1,064.19 |
Total Expense | 1,126.59 | 1,886.20 | 759.04 | 846.46 |
Profit After Tax | 380.06 | 424.78 | 270.92 | 143.82 |
Earnings per Equity Share (in lakhs)
30-Sep-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
Basic & Diluted | 15.19 | 15.95 | 16.53 | 11.73 |
As per Restated Financial Statements for the period ended on September 30, 2020 and fiscal year ended on March 31, 2020, March 31, 2019 and March 31, 2018, the total revenue from operations of their Company stood at Rs.1631.63 lakhs, Rs.2390.89 lakhs, Rs.1056.72 lakhs and Rs.1060.09 lakhs, respectively.
Further, their PAT for the period ended on September 30, 2020 and fiscal year ended on March 31, 2020, March 31, 2019 and March 31, 2018 stood at Rs.379.80 lakhs, Rs.398.86 lakhs, Rs.190.16 lakhs, Rs.131.80 lakhs, respectively.
KMEW IPO / Knowledge Marine IPO – Promoters
The Promoter of this company are:
- Mr. Saurabh M. Daswani and
- Mrs. Kanak S. Kewalramani
List of Related Parties (Key Managerial Personnel)
- Saurabh M. Daswani, Managing Director
- Mrs. Kanak S. Kewalramani, Chief Financial Officer
- Ms. Sonali Chetan Gor, Company Secretary and Compliance Officer
Competitive Strengths of Knowledge Marine & Engineering Works Limited
- Diverse, young and technologically advanced fleet
- Ability to identify, acquire and deploy vessels
- Experienced & Qualified Management
- Strong order book
- Consistent financial performance
- Strong execution capabilities with industry experience
KMEW IPO / Knowledge Marine IPO Offer Details or Issue Details
Particulars | No. Of Equity Shares |
Equity Shares Offered | Up to 27,36,000 Equity Shares aggregating up to Rs10.12 Cr. |
of which: | |
Market Maker Reservation Portion | [●] Equity Shares aggregating up to Rs.[●] lakhs |
Net Issue to the Public | [●] Equity Shares aggregating up to Rs.[●] lakhs |
Of which: | |
At least [●] Equity Shares for allocation to Retail Individual Investors | |
Not more than [●] Equity Shares for allocation to investor other than Retail Individual Investors | |
Equity Shares outstanding prior to the Issue | 75,00,000 Equity Shares |
Equity Shares outstanding after the Issue | Upto 1,02,36,000 Equity Shares |
Knowledge Marine & Engineering Works IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Business Expansion (Building new craft River Pearl 5, 20 Knots speed Patrol Boat for Visakhapatnam)
2. To meet Working Capital requirements
3. General Corporate Purpose
4. To meet issue expenses
Business strategies of Knowledge Marine & Engineering Works Limited
- Consistently grow their fleet while prudently managing their capital
- Continue to manage vessels internally and not outsource to third parties
- Expansion of their geographical presence
- Maintain focus on marine related services
- They intend to enter into joint venture arrangements with other marine service companies to bid and execute large value projects
KMEW IPO / Knowledge Marine IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diverse, young and technologically advanced fleet
- Ability to identify, acquire and deploy vessels
- Experienced & Qualified Management
- Strong order book
- Consistent financial performance
The relevant quantitative factors are:
Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
31-Mar-20 | 4.61 | 39.34 | 11.71 |
31-Mar-19 | 2.97 | 18.32 | 16.19 |
31-Mar-18 | 3.59 | 61.78 | 5.81 |
Knowledge Marine & Engineering Works IPO : Competitive Peers
Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Book Value (Rs.) | |
Knowledge Marine & Engineering Works Limited | 10 | [●] | 5.32 | 38.30 | 13.89 |
Listed Peers | |||||
Dredging Corporation of Indian Limited | 10 | 127.18 | 1.97 | 0.35 | 560.80 |
KMEW IPO / Knowledge Marine IPO Lead Managers
Lead Managers |
HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person :Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
Knowledge Marine & Engineering Works IPO Registrar to offer
Registrar to the Offer |
LINK INTIME INDIA PRIVATE LIMITED Address: – C-101, 1 Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra, INDIA-400083 Tel No.: +91-022-49186200 Fax No.: +91-022-49186060 Email: kmewl.ipo@linkintime.co.in Investor Grievance Email: kmewl.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Regn. No. INR000004058 |
Knowledge Marine & Engineering Works IPO – Other Details
- Statutory Auditor – R V Luharuka & Co. LLP,
- Legal Counsel to the Company – MMJB & Associates LLP
- Bankers to the Company – Dena Bank
KMEW IPO / Knowledge Marine IPO Review by Top 10 Stock Brokers
Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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