Kundan Edifice Limited IPO

NSE SME

Listed On: Sep 26, 2023 at ₹ 75.0

₹ 109200 /1200 Shares

Check Allotment

Kundan Edifice Limited IPO Details

12 Sep, 2023

Open Date

15 Sep, 2023

Close Date

21 Sep, 2023

Allotment Date

26 Sep, 2023

Listing Date

Issue Price

₹91 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

75.0

Listing Date

2023-09-26

Market Lot

1200 Shares (₹109,200/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

[.] shares(aggregating up to ₹25.22 Cr)

Retail Portion

50%

Subscription

39.96 times

IPO Docs

DRHP RHP

Kundan Edifice Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,315,200	1,315,200	2,630,400
Day 1 - 12-09-23 06:00 PM	0.23 x	1.99 x	1.11 x
Day 2 - 13-09-23 06:00 PM	0.56 x	5.09 x	2.83 x
Day 3 - 14-09-23 06:00 PM	3.11 x	16.36 x	9.73 x
Day 4 - 15-09-23 06:00 PM	31.06 x	44.13 x	39.96 x

Kundan Edifice Limited Valuations

Earnings Per Share (EPS)

₹6.84/-

P/E Ratio

13.3

RoNW

63.28%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Kundan Edifice Limited Company Financials All values are in ₹ Lakh

	31-Dec-22	31-Mar-22	31-Mar-21	31-Mar-20
Assets	2,972.07	1,928.14	1,185.44	846.60
Revenue	4,741.68	3,250.60	1,522.43	649.70
Profit After Tax	469.52	167.82	77.22	4.05

About The Company

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 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 Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Kundan Edifice Limited IPO - Issue Objectives

Meeting incremental working capital requirements
General corporate purposes.

Kundan Edifice Limited IPO - FAQs

Ans. Kundan Edifice Limited IPO is a SME IPO. The issue is priced at ₹91 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 12, 2023, and closes on Sep 15, 2023. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Kundan Edifice Limited IPO opens on Sep 12, 2023 and closes on Sep 15, 2023.

Ans. The size of Kundan Edifice Limited IPO is [.] shares(aggregating up to ₹25.22 Cr).

Ans. The IPO price band is set between ₹91 per equity share.

Ans. To apply for Kundan Edifice Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Kundan Edifice Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Kundan Edifice Limited IPO is Sep 21, 2023.

Ans. The Kundan Edifice Limited IPO will be listed on Sep 26, 2023.

Ans. Follow the steps to check the allotment status for Kundan Edifice Limited IPO here.