IPO Central

Knowledge Marine & Engineering Works IPO description – Knowledge Marine & Engineering Works (KMEW) owns and operates Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure. The group started business in the year 2013 under the name Kamal Marine & Engineering Works Private, undertaking the business of repair/ refits of marine crafts. Within two years, the group expanded to owning and operating small crafts under the flagship of Knowledge Marine & Engineering Works Private Limited.

Over the years, the company has become an established player in the small-craft business segment in India and has evolved from a small ship-repair unit to a ship-owning company. The company has an approximate asset value of around INR25 crores and an order book of over INR100 crores. KMEW has two major segments:

1. Owning and operating of Marine crafts for dredging services
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

The group also operates 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. The company has entered into agreements with International Seaport Dredging Private Limited, Indian Port Dredging Private Limited, Paradip Port Trust, Solitaire Marine & Offshore Private Limited and Visakhapatnam Port Trust for varied services.

Promoters of Knowledge Marine & Engineering Works – Mr Roshan Kumar Rawal