KNR Constructions IPO
KNR Constructions IPO — date, price band, lot size & details 2008
KNR Constructions listed on 18 Feb 2008 at ₹210, 23.5% above the ₹170 issue price.
KNR Constructions is a Hyderabad based EPC company that builds roads and highways and also works on irrigation and urban water projects. Its total income was Rs 331.84 crore in FY2007.
Stock price
KNR Constructions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 24 Jan 2008
- Close 29 Jan 2008
- Allotment 08 Feb 2008
- Refund/credit TBA
- Listing 18 Feb 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 29 Jan, 2008 |
|---|---|
| Price Band | ₹170 – ₹180 |
| Face Value | ₹10 |
| Lot Size | 35 Shares |
| Issue Size | ₹133.87 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,950 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹170 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹5,950 |
| Retail (max) | 33 | 1,155 | ₹1,96,350 |
| S-HNI (min) | 34 | 1,190 | ₹2,02,300 |
| S-HNI (max) | 168 | 5,880 | ₹9,99,600 |
| B-HNI (min) | 169 | 5,915 | ₹10,05,550 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 111.60 crore in FY2005 to Rs 331.84 crore in FY2007, and was Rs 241.49 crore in six months to September 2007.
- 02Profit after tax rose from Rs 4.50 crore in FY2005 to Rs 20.40 crore in FY2007.
- 03Net worth rose from Rs 33.58 crore in FY2005 to Rs 70.20 crore on 30 September 2007.
- 04Return on net worth was 35.79%.
Risks · 5
- 01Profit after tax was only Rs 20.40 crore on income of Rs 331.84 crore in FY2007, so margins were thin.
- 02Rs 58.35 crore of the issue went into BOT road companies with Patel Engineering, which take years to pay back.
- 03Its work depends on government road contracts; income fell from Rs 220.10 crore in FY2004 to Rs 111.60 crore in FY2005.
- 04The issue was priced at Rs 170, the bottom of its band.
- 05Promoter holding fell from 99.33% before the issue to 71.52% after it.
Three years of numbers
All figures in ₹ crore, as reported in the KNR Constructions offer document.
| Metric | 30 Sep 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 241.49 | 331.84 | 171.07 | 111.60 |
| Profit After Tax | 13.56 | 20.40 | 8.43 | 4.50 |
| NET Worth | 70.20 | 57.40 | 39.34 | 33.58 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the KNR Constructions RHP.
Where the money goes
₹114.06 Cr of the issue is earmarked to named objects.
About the company
It is an infrastructure project development company providing engineering, procurement and construction services in roads and highways, irrigation and urban water infrastructure.
Its main strength is road projects. It also invested in road BOT projects through companies with Patel Engineering.
The IPO was Rs 133.87 crore and was entirely a fresh issue at Rs 170, the bottom of the Rs 170 to Rs 180 band. The money was for capital equipment, investments in BOT projects and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
KNR Constructions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Bank Ltd
9 issues handledBest listing: Bombay Rayon Fashions (+14.3%). Weakest: Innoventive Industries (-4.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of KNR Constructions?
The current Grey Market Premium is ₹0.
What is the KNR Constructions IPO price band?
₹170 to ₹180, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 February 2008, with listing on 18 February 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
