KMEW IPO details

KMEW IPO-Knowledge Marine & Engineering Works IPO

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KMEW IPO will open for subscription from 09 March 2021. the company aims for an issue size of ₹10.12 Crores through this fixed price IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Knowledge Marine & Engineering Works Limited

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.

Objectives of 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.
  • For general corporate purposes.
  • To meet issue-related expenditures.

Competitive strengths

  • Strong order book value.
  • Leading player in the small-crafts segment in India.
  • Consistent financial performance track record.
  • Diversified range of modern technology Marine Crafts.
  • Experienced and qualified management.

Basic details about the company

Full nameKnowledge Marine & Engineering Works Limited
SectorShip Building
IndustryShip Building

IPO Details

Issue typeFixed-PriceIPO
IPO issue size₹10.12 crore
IPO Open date09 March 2021
IPO Close date12 March 2021
Number of shares offered to the public2,736,000 shares
Face value₹10 per equity share
Offer price₹37 per equity share
Retail portion50%
Lot size3000 Nos
Minimum application1 lot – 3000 shares
Minimum application amount₹111,000
Listing ExchangeBSE SME platform

Financial summary

Knowledge Marine & Engineering Works’ financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income1.442.714.253.80
Net margin (%)13.525.617.623.3

Valuation of Knowledge Marine & Engineering Works IPO (FY2020)

Earnings Per Share (EPS)₹ 5.32
Price/Earnings (PE ratio)6.95
Return on Net Worth (RONW)38.30%
Net Asset Value (NAV)₹13.89 per share

Company Promoters

  • Mr. Saurabh M. Daswani
  • Mrs. Kanak S. Kewalramani

Lead Managers of KMEW IPO

  • Hem securities Ltd

Registrar of KMEW IPO

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195

Company contact details

Knowledge Marine & Engineering Works Limited
Office No. 402,
Sai Samarath Business Park,
Deonar Village Road,
Govandi (East) Mumbai 400088
Phone: +91 022 49739383

KMEW IPO Allotment Status

Knowledge Marine & Engineering Works IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

Knowledge Marine & Engineering Works IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

happy investing

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