Knowledge Marine & Engineering Works Ltd - IPO | Motilal Oswal
Knowledge Marine & Engineering Works Ltd - IPO | Motilal Oswal

Knowledge Marine & Engineering Works Ltd - IPO

Ever since the introduction of the BSE and NSE’s dedicated SME segments, Small and Medium Enterprises have been lining up their upcoming IPOs. One of the latest IPOs to have been notified under this segment is from Knowledge Marine & Engineering Works Ltd. Continue reading to find out all the important Knowledge Marine & Engineering Works Ltd IPO details.

About the company

Knowledge Marine & Engineering Works Ltd is a relatively new company, having been incorporated only in the year 2015. However, the company has managed to quickly establish itself in the marine infrastructure and engineering field.

The company’s business involves owning and operating marine crafts, providing repair and maintenance services, technical manpower solutions, and even conduction of hydrographic and magnetometer surveys.

In addition to owning various marine crafts, Knowledge Marine & Engineering Works Ltd also has agreements with several seaport trusts that enable it to offer a multitude of services.

Knowledge Marine & Engineering Works Ltd IPO details

Now that you know briefly about the company’s business, let’s go ahead and take a look at the key details of the upcoming IPO issue such as the Knowledge Marine & Engineering Works Ltd IPO date and the Knowledge Marine & Engineering Works Ltd IPO share price.

Knowledge Marine & Engineering Works Ltd IPO date

The new IPO of Knowledge Marine & Engineering Works Ltd has been scheduled to open up to the public on March 09, 2021. After staying open for around 4 days, the issue would come to a close on March 12, 2021.

Knowledge Marine & Engineering Works Ltd IPO issue size

Around 27,36,000 equity shares of the company would be issued to the public as part of this latest IPO. The company is likely to net around Rs. 10.12 crores from the sale of these shares.

Knowledge Marine & Engineering Works Ltd IPO share price

The price per equity share of the new IPO from Knowledge Marine & Engineering Works Ltd has been set at Rs. 37. 

Knowledge Marine & Engineering Works Ltd IPO listing

Since this is an IPO from an SME, the same would be listed on the SME Platform of the Bombay Stock Exchange (BSE).

Knowledge Marine & Engineering Works Ltd IPO objectives

The following have been notified as the objectives of the IPO from Knowledge Marine & Engineering Works Ltd.

- Raising funds for business expansion purposes

- Meeting working capital requirements

- Other general corporate purposes

Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.

If you already have an existing account, you can login to trade and invest in the IPO.

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