Kundan Edifice Limited IPO (Kundan Edifice IPO)

Kundan Edifice Limited IPO
Upcoming Kundan Edifice IPO | New Kundan Edifice IPO

Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light-emitting diode (“LED”) strip lights.

Kundan Edifice is primarily an original design manufacturer (“ODM“) and design, develop, manufacture, and supply products to customers who then further distribute these products under their own brands. The company also provides custom products. Its product list includes HV Flex- High voltage flex, LV Flex- Low voltage flex, RGB LV Flex (Smart Lights), and Accessories Kit.

The company’s R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype designing.

The company has two manufacturing and assembly facilities in the state of Maharashtra located in Vasai and Bhiwandi. As of April 30, 2023, Kundan employs over 277 employees in its manufacturing facilities, including contract workers.

Kundan Edifice IPO

Kundan Edifice IPO – Details

IPO Opening Date12 September 2023
IPO Closing Date15 September 2023
Issue TypeFixed Price Issue IPO
Issue Size27,72,000 Shares Worth ₹25.22 Crore
Fresh Issue: 27,72,000 Shares Worth ₹25.22 Crore
Face Value₹10 per equity share
IPO Price₹91
Market Lot1200 Share
Min Order1200 Share (1 Lot)
Listing AtNSE SME
RegisterCameo Corporate Services Limited
Other Shares Offered50%
Retail Shares Offered50%

Kundan Edifice IPO – Date Schedule

IPO Open Date12 September 2023
IPO Close Date15 September 2023
Basis of Allotment21 September 2023
Initiation of Refund22 September 2023
Credit of Shares to Demat Account25 September 2023
IPO Listing Date26 September 2023
Cut-off time for UPI mandate confirmation5 PM on 15 Sep, 2023

Kundan Edifice IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,09,200
Retail (Maximum)112001,09,200
HNI (Minimum)224002,18,400

Competitive Strengths

  • Long-term relationships with leading industry customers;
  • Strong focus on R&D;
  • Experienced Promoter Directors with extensive domain knowledge;
  • Well established manufacturing facility designed to serve multiple products range; and
  • Strong and consistent financial performance.

Company Promoters

  • Divyansh Mukesh Gupta
  • Vijaya Mukesh Gupta

Object Of The Issue

  • Funding the incremental working capital requirements of the Company.
  • General Corporate Purposes.
Kundan Edifice IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20206.496.450.046.36
31 March 202115.2214.400.777.28
31 March 202232.5030.751.679.05
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.3
Market Cap (₹ Cr.)93.48
EPS (Rs)6.84

Kundan Edifice IPO Promoter Holding

Pre Issue Share Holding99.00%
Post Issue Share Holding72.28%

Kundan Edifice IPO Prospectus

Company Contact Information

Kundan Edifice Limited

Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208

Phone: +91 7030919707
Email: cs@kundanedifice.com

Kundan Edifice IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: priya@cameoindia.com

Kundan Edifice IPO Lead Manager(s)

1. Fedex Securities Pvt Ltd

Kundan Edifice IPO FAQs

Kundan Edifice IPO FAQs
What is Kundan Edifice IPO?

Kundan Edifice IPO is a SME IPO. The issue is priced at ₹91 per equity share. The IPO is to be listed on NSE SME.
When Kundan Edifice IPO will open?

The IPO is to open on  12 September 2023 for NII and Retail Investors.
How to Kundan Edifice IPO?

You can apply Kundan Edifice IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Kundan Edifice IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Kundan Edifice”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Kundan Edifice IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Kundan Edifice”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Kundan Edifice IPO Size?

Kundan Edifice IPO size is ₹25.22 crores.
What is Kundan Edifice IPO Price Band?

Kundan Edifice IPO Price Band is ₹91.
What is Kundan Edifice IPO Minimum and Maximum Lot Size?

The minimum bid is 1200 Shares with ₹1,09,200 amount while the maximum bid is 1200 shares with ₹1,09,200.
What is the Kundan Edifice IPO Allotment Date?

Kundan Edifice IPO allotment date is  21 September 2023.
What is the Kundan Edifice IPO Listing Date?

Kundan Edifice IPO listing date is 26 September 2023. The IPO is to list on NSE SME.
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