Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Details:

Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Details: The Company is mostly dedicated... The post Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Details: appeared first on Stock Investor.

Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Details:

Knowledge Marine & Engineering Works Limited IPO (KMEW IPO) Details:

The Company is mostly dedicated to the engineering and development of marine crafts and marine infrastructure. In the Indian small business sector, it is a well-established player. The company is operating in two segments: Maritime Craft is owned and operated by one and ancillary facilities such as repair and servicing, engineering personnel solutions, marine hydrography and magnetometer surveys, etc.

The firm has arrangements to provide various services with International Seaport Dredging Private Limited and Indian Port Dredging Private Limited. The companies are Paradip Port Trust, Solitaire Marine & Offshore Private Limited, and Visakhapatnam Port Trust. The group operates several maritime crafts, including Pearl 1, Pearl 2, Pearl 3, and Pearl 4.

The Government of India (GoI) is planning to modernize these ports and has approved a project called SagarMala. The Indian ports and maritime industry plays a key role in supporting growth in trade and trade. The Indian Government has approved FDI for harbor construction and maintenance of up to 100 percent under the automatic road. It has also launched the NMDP, an initiative for the development of the maritime sector with a projected USD 11.8 billion in outlook. A total of 30,000 ships calling Indian major ports and minor ports each year.

Knowledge Marine & Engineering Works Limited IPO:

IPO Opening Date Mar 9th, 2021
IPO Closing Date Mar 12th, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹37 per equity share
Market Lot 3,000 Shares
Min Order Quantity 3,000 Shares
Listing At BSE, SME
Issue Size 27,36,000 Eq Shares of ₹10
(aggregating up to ₹1.92 Cr)

Knowledge Marine & Engineering Works Limited IPO:

The company is operating in two segments: Maritime Craft is owned and operated by one and ancillary facilities such as repair and servicing, engineering personnel solutions, marine hydrography and magnetometer surveys, etc. However, the issue is going to be opened on 9th March and it will be closed on 12th March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 37 per share. However, the minimum market lot is set at 3,000 shares per lot. Moreover, the minimum order quantity for buying is 3,000 shares. Further, the stock listing at BSE SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 1.92 crores. 

Objects 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.
    • Hence, To meet general corporate purposes.
    • To meet issue-related expenditures.

Prospectus Documents:

KMEW IPO DRHP

Company Contact Information:

Knowledge Marine & Engineering Works Limited
Office No. 402, Sai Samarth Business Park,
Deonar Village Road, Govandi (East) Mumbai 400088

Phone: +91-022-49739383
Email: info@kmew.in
Website: http://www.kmew.in/

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