Let’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 ValueRs 10
Cash PriceRs 37
Listing AtBSE, SME
Min. Order Quantity3000 Eq Shares
Listing Date [●]
Offer for SaleRs lakhs
Fresh IssueRs lakhs
IPO SizeRs 10.12 Crores
Tick SizeRs. 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

Knowledge Marine & Engineering Works IPO

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 / DateQIBNIIRIITotal Subscription
1st Day –  March 90.81x0.47x0.64x
2nd Day –  March 101.31x1.30x1.30x
3rd Day – March 111.31x1.30x1.30x
4th Day – March 122.05x3.20x2.62x
Shares Offered or Net Issue
1,368,0001,368,0002,736,000

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-2031-Mar-20Mar-1931-Mar-18
Total Assets3,381.293,550.602,994.451,409.29
Total Revenue1,634.392,417.971,059.521,064.19
Total Expense1,126.591,886.20759.04846.46
Profit After Tax380.06424.78270.92143.82

Earnings per Equity Share (in lakhs)

30-Sep-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted15.1915.9516.5311.73

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:

  1. Mr. Saurabh M. Daswani and
  2. 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 Issue75,00,000 Equity Shares
 Equity Shares outstanding after the IssueUpto 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 EPSRONW (%)NAV (Rs.)
31-Mar-204.6139.3411.71
31-Mar-192.9718.3216.19
31-Mar-183.5961.785.81

Knowledge Marine & Engineering Works IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Book Value (Rs.)
Knowledge Marine & Engineering Works Limited10[●]5.3238.3013.89
Listed Peers
Dredging Corporation of Indian Limited10127.181.970.35560.80

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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