The Kundan Edifice IPO commenced on September 12, 2023, and concluded on September 15, 2023. The allotment of shares took place on September 21, 2023, and the initiation of refunds began on September 22, 2023. The shares were credited to the demat accounts of investors on September 25, 2023. Finally, the listing of Kundan Edifice on the stock exchange occurred on September 26, 2023.
The Kundan Edifice IPO was priced at ₹91 per share, with a lot size of 1200. The total issue size was ₹25.22 crores, comprising a fresh issue of ₹25.22 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Kundan Edifice IPO Basic Details
| Company Name | Kundan Edifice Limited |
| Domain of Company | Manufacturing, Assembly, and Sale of Light-Emitting Diode (“LED”) Strip Lights |
| Kundan Edifice IPO GMP Today | ₹37 |
| Kundan Edifice IPO Listing Gain | 40.66% |
| Kundan Edifice IPO Open Date | September 12, 2023 |
| Kundan Edifice IPO Close Date | September 15, 2023 |
| Kundan Edifice IPO Allotment Date | September 21, 2023 |
| Kundan Edifice IPO Listing Date | 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 |
| Company Promoters | Mr. Divyansh Mukesh Gupta and Mr. Vijaya Mukesh Gupta |
Kundan Edifice IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 10 September 2023 | ₹37 | 40.66% | – | – |
| 9 September 2023 | ₹37 | 40.66% | – | – |
| 8 September 2023 | ₹37 | 40.66% | – | – |
Kundan Edifice IPO Details:
Kundan Edifice Limited was founded in 2010 and specializes in making, putting together, and selling LED strip lights. We mainly work as an original design manufacturer (ODM), creating, developing, and producing products for customers to sell under their own brands. We also offer customized products, including HV Flex (High Voltage Flex), LV Flex (Low Voltage Flex), RGB LV Flex (Smart Lights), and Accessories Kit.
Our operations are based in Maharashtra, with manufacturing and assembly facilities in Vasai and Bhiwandi. As of August 31, 2023, we have a dedicated team of more than 311 employees working at our manufacturing facilities, which includes both permanent and contract workers.
Kundan Edifice IPO More Details Click Here
Kundan Edifice IPO FAQs
When is Kundan Edifice IPO open?
Kundan Edifice IPO will open on 12 September 2023.
When is Kundan Edifice IPO Close?
Kundan Edifice IPO will be closed on 15 September 2023.
What is Kundan Edifice IPO GMP Today?
The Kundan Edifice IPO GMP aka Grey Market Premium is ₹37.
What is Kundan Edifice IPO Kostak Rates Today?
The Kundan Edifice IPO Kostak Rate is ₹000.
What is Kundan Edifice IPO Subject to Sauda Price Today?
The Kundan Edifice IPO subject to sauda rates is ₹000.
Kundan Edifice IPO Expected Returns?
The Kundan Edifice expected return is 40.66%.
How much will be the listing gain in Kundan Edifice IPO?
Kundan Edifice IPO will get listing gain of 40.66%. (Approx.)
