Kundan Edifice Limited IPO
NSE SMEListed On: Sep 26, 2023 at ₹ 75.0
₹ 218400 /2400 Shares
*Min Investment
12 Sep, 2023
Open Date15 Sep, 2023
Close Date21 Sep, 2023
Allotment Date26 Sep, 2023
Listing DateKundan Edifice Limited IPO Issue Details
- Issue Price ₹91 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price [.] shares(aggregating up to ₹25.22 Cr)
- Listing at NSE SME
- List Price 75.0
- Listing Date 2023-09-26
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Cameo Corporate Services Limited
Kundan Edifice Limited IPO Details
- Retail Portion 50%
Kundan Edifice Limited IPO Details
Kundan Edifice Limited IPO is an SME IPO, priced at ₹91 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 12, 2023 to Sep 15, 2023. The allotment is expected to be finalized on Sep 21, 2023, and the tentative listing date is Sep 26, 2023.
The registrar of the IPO is Cameo Corporate Services Limited, and
Kundan Edifice Limited IPO Subscription Analysis And 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
Kundan Edifice Limited Company Financials
| 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 Kundan Edifice Limited 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 : %
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Kundan Edifice Limited IPO is [.] shares(aggregating up to ₹25.22 Cr).
Ans. The Kundan Edifice Limited IPO price band is set between ₹91 per equity share.
Ans. To apply for Kundan Edifice Limited 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 Kundan Edifice Limited IPO allotment status online.
