Knowledge Marine & Engineering Works IPO (KMEW IPO)
The Company is engaged in the business of owning and operating of Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure. Their group started their business in the year 2013 under the name Kamal Marine & Engineering Works Private Limited, which undertakes the business of repair/ refits of marine crafts. With a two years of marine engineering experience and sustainable financial growth, the group expanded to owning and operating small crafts under the flagship of Knowledge Marine & Engineering Works Private Limited with its head office at Mumbai. Over the years they have become an established player in the small-craft business segment in India and have evolved from a small ship-repair unit to a ship-owning Company.
Their Company was incorporated in the year 2015 with a vision to own and operate marine craft for the Government of India. Their Company has an approximate asset value of around Rs. 25 crores and an order book of over Rs. 100 crores. Their Company has two major segments which includes following:
1. Owning and operating of Marine crafts for dredging services; and
2. Ancillary services – conducting marine hydrographic & magnetometer survey, providing technical manpower solutions for maintenance and operation of vessels and repairs and Maintenance/ Refits of Marine Crafts and Marine Infrastructure.
They, as a KMEW group, operate with other 3 (three) companies formed as a special purpose vehicle (SPV) through joint venture agreement to meet the CPC guideline set by the Government of India for large contracts and to secure them for the group’s growth. They handle the contracts which involves following:
1. repairs, refit and renewals of marine crafts, hiring of tug, survey-cum-pilot launch, barges and other marine vessels;
2. dredging at various ports of India;
3. manning, technical maintenance, operations of marine vessels; and
4. hydrographical and magnetometer surveys.
Objects of the Knowledge Marine & Engineering Works IPO (KMEW IPO):
Knowledge Marine & Engineering Works IPO (KMEW IPO) Details:
Open Date: | Mar 09 2021 |
Close Date: | Mar 12 2021 |
Total Shares: | 27,36,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue |
Issue Size: | 10.12 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 37 Per Equity Share |
Listing At: | BSE SME |
Promoters And Management:
Financials of Knowledge Marine & Engineering Works IPO (KMEW IPO):
Particulars (Lakhs) | 6MFY21 | Mar-20 | Mar-19 | Mar-18 |
Sales | 1,632 | 2,391 | 1,057 | 1,060 |
Direct Expenses | 781 | 1,284 | 294 | 606 |
Changes in Inventories | -10 | -27 | 0 | 0 |
Employee Benefit Expenses | 93 | 164 | 162 | 104 |
Other expenses | 105 | 203 | 172 | 97 |
Operating Profit | 663 | 767 | 429 | 253 |
OPM % | 40.63% | 32.08% | 40.59% | 23.87% |
Other Income | 3 | 27 | 3 | 4 |
Interest | 55 | 111 | 51 | 19 |
Depreciation | 102 | 151 | 80 | 21 |
Profit before tax | 508 | 532 | 300 | 218 |
Net Profit | 380 | 425 | 271 | 144 |
No. of shares | 102.36 | 102.36 | 102.36 | 102.36 |
EPS in Rs | 3.71 | 4.15 | 2.65 | 1.41 |
Comparison With Peers:
Name of the company | 5-year Revenue Growth | 5 year PAT Growth | EBITDA Margin (FY20) | ROE (FY20) | D/E | P/E |
Knowledge Marine (3 Years) | 50% | 72% | 32% | 38% | 1.39 | 8.91 |
Dredging Corporation | 0% | -38% | 19% | 0.35% | 0.24 | 0 |
Recommendation on Knowledge Marine & Engineering Works IPO (KMEW IPO):
Lead Manager of Knowledge Marine & Engineering Works IPO (KMEW IPO):
Registrar of Knowledge Marine & Engineering Works IPO (KMEW IPO):
Company Address:
Discussion on Knowledge Marine & Engineering Works IPO (KMEW IPO):
2 Comments
Leave a Reply
You must be logged in to post a comment.
Competitive strengths
Diversified range of modern technology Marine Crafts.
Leading player in the small-crafts segment in India.
Experienced and qualified management.
Strong order book value.
Consistent financial performance track record.
Motives 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.
To meet general corporate purposes.
To meet issue related expenditures.