Konstelec Engineers IPO: GMP doubles on first day. Check subscription, price band and other details
Konstelec Engineers IPO, priced at Rs 66-70 per share, aims to raise approximately Rs 28.70 crore. The issue has been subscribed 11 times on the first day, with the retail category booked nearly 20 times. The NII portion has been subscribed 6.23 times, and institutional investors' portion received 3.52 times bids. Konstelec Engineers plans to utilize the funds for working capital expenses, procurement support, and general corporate purposes.
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