Kundan Edifice IPO Details ( Kundan Edifice Limited IPO Review )
(12 Sep 2023 – 15 Sep 2023)
Established in the year 2010, Kundan Edifice Limited is a company that specializes in creating and selling LED strip lights. They take pride in being an original design manufacturer (ODM), meaning they design, develop, make, and supply products. These products are then distributed by their customers under their own brand names. Additionally, Kundan Edifice offers customized products. Their product range comprises High Voltage Flex (HV Flex), Low Voltage Flex (LV Flex), RGB Low Voltage Flex (Smart Lights), and an Accessories Kit.
Kundan Edifice operates two manufacturing and assembly units in the state of Maharashtra, specifically in Vasai and Bhiwandi. As of August 31, 2023, the company employs more than 311 staff members across its manufacturing facilities, including contract workers.
Kundan Edifice Limited Company Product
- 120LED- HV Flex
- 60LED-HV Flex
- 60LED LV Flex
- 120LED LV Flex
- 180LED LV Flex
- 240LED LV Flex
- RGB LV Flex (Smart Lights)
- Accessories Kit and others
Kundan Edifice Limited IPO Competitive Strength
- 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
- Strong and consistent financial performance
Kundan Edifice IPO Financials Performance ( Results )
Kundan Edifice Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 846.60 | 649.70 | 4.05 | 0.06 | 27.68 | 0.40 | -247.32 | 636.89 |
| 31-Mar-21 | 1,185.44 | 1,522.43 | 77.22 | 1.06 | 129.90 | 1.78 | -170.10 | 728.65 |
| 31-Mar-22 | 1,928.14 | 3,250.60 | 167.82 | 2.24 | 297.72 | 3.97 | -2.28 | 905.03 |
| 31-Mar-23 | 2,965.84 | 6,046.36 | 513.09 | 6.84 | 810.81 | 10.81 | 60.81 | 1,450.61 |
Objective of IPO Issue
- Meeting incremental working capital requirements
- General corporate purposes
Kundan Edifice IPO Basic Details
| IPO Date | Sep 12, 2023 to Sep 15, 2023 |
| Listing Date | Tuesday, September 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Issue Size | 2,772,000 shares of ₹10 (aggregating up to ₹25.22 Cr) |
| Fresh Issue | 2,772,000 shares of ₹10 (aggregating up to ₹25.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,500,000 |
| Share holding post issue | 10,272,000 |
| Company Promoters | Mr. Divyansh Mukesh Gupta and Mr. Vijaya Mukesh Gupta |
Kundan Edifice IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Kundan Edifice IPO Timetable
Kundan Edifice IPO will open on September 12, 2023 and close on September 15, 2023. You can join Kundan Edifice IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 September 2023 (Tuesday) |
| Closing Date | 15 September 2023 (Friday) |
| Basis of Allotment | 21 September 2023 (Thursday) |
| Initiation of Refunds | 22 September 2023 (Friday) |
| Credit of Shares to Demat | 25 September 2023 (Monday) |
| Listing Date | 26 September 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 15 September 2023 |
Kundan Edifice IPO Lot Size
For retail investors in Kundan Edifice IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹109,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹109,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| S-HNI (Min) | 2 | 2400 | ₹218,400 |
Kundan Edifice IPO Promoter Holding
The company’s promoters include Mr. Divyansh Mukesh Gupta and Mr. Vijaya Mukesh Gupta.
| Pre Issue Share Holding | 99.00% |
| Post Issue Share Holding | 72.28% |
Kundan Edifice Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹6.84 per Equity Share |
| Net Asset Value (NAV) | ₹10.81 per Equity Share |
| P/E Ratio (P/E) (x) | 13.30 |
| Return on Net Worth (RoNW) (%) | 63.28 |
| Return on equity (ROE) (%) | 63.28 |
| Return on Capital Employed (ROCE) (%) | 43.69 |
| Debt/Equity Ratio | 1.79 |
Kundan Edifice IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 10 September 2023 | ₹37 | – | – |
| 9 September 2023 | ₹37 | – | – |
| 8 September 2023 | ₹37 | – | – |
Kundan Edifice IPO Detail Video:
Kundan Edifice IPO Subscription Status (Bidding Detail)
The Kundan Edifice IPO on September 15, 2023 at 7:29:00 PM was subscribed 42.27 times, with the retail category being subscribed 44.13 times, the other category being subscribed 35.68 times.
| Category | Subscription |
| Other | 35.68x |
| Retail | 44.13x |
| Total | 42.27x |
Kundan Edifice IPO Prospectus
| Kundan Edifice IPO DRHP | Download |
| Kundan Edifice IPO RHP | Download |
| Kundan Edifice IPO Anchor Investors Details PDF | Download |
Kundan Edifice IPO Rating
| Our Rating | 3.0/5.0 |
Kundan Edifice Company Contact Information
Kundan Edifice Limited
Corporate Identification Number: U36100MH2010PLC206541
Registered Office: Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208, Maharashtra, India.
Tel No.: +91 7030919707
Email: cs@kundanedifice.com
Website: www.kundanedifice.com
Contact Person: Rashmi Jugal Karnani, Company Secretary & Compliance Officer
Our Promoter: Divyansh Mukesh Gupta & Vijaya Mukesh Gupta
Kundan Edifice IPO Registrar
Cameo Corporate Services Limited
Registered Office: No. 01, Club House Road, Mount Road, Chennai- 600002, India.
Tel No: 044 4002 0700
E-mail Id: priya@cameoindia.com
Website: www.cameoindia.com
Investor Grievance ID: investor@cameoindia.com
Contact Person: K. Sreepiya
SEBI Registration No: INR000003753
Kundan Edifice IPO Lead Manager
Fedex Securities Private Limited
Registered Office: B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Saipan Sanghvi
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in
Kundan Edifice IPO FAQs
What is the lot size of Kundan Edifice IPO?
The total size of Kundan Edifice IPO is ₹25.22 crores and this is a complete fresh Issue.
When will Kundan Edifice IPO start?
Kundan Edifice IPO will open from 12 September 2023 and IPO will close on 15 September 2023.
What is the open date of Kundan Edifice IPO?
Kundan Edifice IPO will open date from 12 September 2023.
What is the last date ( close date ) of Kundan Edifice IPO?
Kundan Edifice IPO will close from 15 September 2023.
What is the price band of Kundan Edifice IPO?
Kundan Edifice IPO price band is ₹91.
What is the minimum amount required to apply for Kundan Edifice IPO?
The minimum investment for retailers to apply for Kundan Edifice IPO is ₹109,200 and the maximum investment is ₹109,200.
What is going on gray market premium of Kundan Edifice IPO?
View gray market premium of Kundan Edifice IPO by Clicking Here
How much is the GMP of Kundan Edifice IPO?
Watch Kundan Edifice IPO GMP Today: Click Here
What is the allotment date of Kundan Edifice IPO?
The allotment date of Kundan Edifice IPO is 21 September 2023.
How to check allotment status in Kundan Edifice IPO?
To check the allotment status of Kundan Edifice IPO, first of all go to the registrar website by clicking here, select your bad Kundan Edifice IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Kundan Edifice IPO?
The listing date of Kundan Edifice IPO is 26 September 2023.
How much will be the listing gain in Kundan Edifice IPO?
View listing gain of Kundan Edifice IPO by Clicking Here
How much time Kundan Edifice IPO is subscribed?
Total 42.27 times subscribed in Kundan Edifice IPO out of which 44.13 times subscription was done in retail quota, 35.68 times subscription in other quota.
How to apply for Kundan Edifice IPO from Upstox?
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