KMEW Limited, established in 2015, is a well-known player in the Marine Crafts and Marine Infrastructure Engineering and construction sector in India. The company has two main business segments, one involves owning and operating Marine Crafts while the other provides ancillary services like maintenance and repair, technical manpower solutions, marine hydrographic and magnetometer surveys, and more.
The company has established agreements with several organizations, including International Seaport Dredging Private Limited, Indian Port Dredging Private Limited, Paradip Port Trust, Solitaire Marine & Offshore Private Limited, and Visakhapatnam Port Trust, to offer a range of services. Additionally, Knowledge Marine & Engineering Works Limited possesses various marine crafts such as River Pearl 1, River Pearl 2, River Pearl 3, and River Pearl 4.
KMEW IPO Details
| IPO Date | Mar 9, 2021 to Mar 12, 2021 |
| Listing Date | Mar 22, 2021 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,736,000 shares (aggregating up to ₹10.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Industry Overview
In India, the marine engineering and construction industry is expected to grow steadily over the coming years. According to a report by Research and Markets, the Indian marine engineering and construction market is projected to grow at a compound annual growth rate (CAGR) of around 5% during the forecast period of 2021-2026.
Factors driving the growth of the industry in India include increasing demand for energy, growing offshore exploration and production activities, rising seaborne trade, and increasing investments in port infrastructure development. Furthermore, the Indian government’s focus on the ‘Sagarmala’ initiative, aimed at developing the country’s ports and coastal infrastructure, is expected to create significant growth opportunities in the marine engineering and construction industry.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in lakhs) | |||
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 3,381.29 | 3,550.60 | 2,994.45 | 1,409.29 |
| Total Revenue | 1,634.39 | 2,417.97 | 1,059.52 | 1,064.19 |
| Profit After Tax | 380.06 | 424.78 | 270.92 | 143.82 |
Objects of the Issue
The IPO proceed will be used towards the following purposes;
- 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.
KMEW IPO Prospectus
Company Contact Information
Knowledge Marine & Engineering Works Limited
Office No. 402, Sai Samarath Business Park,
Deonar Village Road, Govandi (East) Mumbai 400088
Phone: +91-022-49739383
Email: info@kmew.in
Website: http://www.kmew.in/
KMEW IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kmewl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
KMEW IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
