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 – Details
| IPO Opening Date | 12 September 2023 |
| IPO Closing Date | 15 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 27,72,000 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 Lot | 1200 Share |
| Min Order | 1200 Share (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Kundan Edifice IPO – Date Schedule
| IPO Open Date | 12 September 2023 |
| IPO Close Date | 15 September 2023 |
| Basis of Allotment | 21 September 2023 |
| Initiation of Refund | 22 September 2023 |
| Credit of Shares to Demat Account | 25 September 2023 |
| IPO Listing Date | 26 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 15 Sep, 2023 |
Kundan Edifice IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,09,200 |
| Retail (Maximum) | 1 | 1200 | 1,09,200 |
| HNI (Minimum) | 2 | 2400 | 2,18,400 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 6.49 | 6.45 | 0.04 | 6.36 |
| 31 March 2021 | 15.22 | 14.40 | 0.77 | 7.28 |
| 31 March 2022 | 32.50 | 30.75 | 1.67 | 9.05 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.3 |
| Market Cap (₹ Cr.) | 93.48 |
| ROE | 63.28 |
| ROCE | 43.69 |
| Debt/Equity | 1.79 |
| EPS (Rs) | 6.84 |
| RoNW | 63.28 |
Kundan Edifice IPO Promoter Holding
| Pre Issue Share Holding | 99.00% |
| Post Issue Share Holding | 72.28% |
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 Website: http://www.kundanedifice.com/index.php |
Kundan Edifice IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
Kundan Edifice IPO Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
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. |
