The Kundan Edifice IPO started on September 12, 2023, and ended on September 15, 2023. Shares were allocated on September 21, 2023, and refund processes began on September 22, 2023. On September 25, 2023, the shares were credited to investors demat accounts. Kundan Edifice was officially listed on the stock exchange on September 26, 2023.
During the IPO, Kundan Edifice offered shares at a price range of ₹91 per share, and the lot size was 1200 shares. The total issue size was ₹25.22 crores, with ₹25.22 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Kundan IPO Subscription Update Video
Kundan Edifice IPO Subscription Status
The Kundan Edifice IPO on September 15, 2023 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 Basic Details
| Company Name | Kundan Edifice Limited |
| Domain of Company | Manufacturing, Assembly, and Sale of Light-Emitting Diode (“LED”) Strip Lights |
| IPO Open Date | September 12, 2023 |
| IPO Close Date | September 15, 2023 |
| IPO Allotment Date | September 21, 2023 |
| 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 |
About Kundan Edifice Limited
Founded in 2010, Kundan Edifice Limited specializes in creating LED strip lights. They’re known for being an original design manufacturer (ODM), which means they design, develop, and make products for other companies to sell under their own brands. They also offer customized products. Their product range includes HV Flex (High Voltage Flexible Strips), LV Flex (Low Voltage Flexible Strips), RGB LV Flex (Smart Lights), and Accessories Kits.
Kundan Edifice operates two manufacturing and assembly facilities in Maharashtra, specifically in Vasai and Bhiwandi. As of August 31, 2023, they have a workforce of more than 311 employees, including contract workers.
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Kundan Edifice IPO FAQs
What is the start and end date of Kundan Edifice IPO Subscription?
The Kundan Edifice IPO started on September 12, 2023, and ended on September 15, 2023.
When does Kundan Edifice IPO Subscription open?
The Kundan Edifice IPO open on September 12, 2023.
When does Kundan Edifice IPO Subscription close?
The Kundan Edifice IPO Close on September 15, 2023.
What is the allotment date of Kundan Edifice IPO?
The allotment date for Kundan Edifice IPO is September 21, 2023.
When is the initial refund date of Kundan Edifice IPO?
The initial Refund date for Kundan Edifice IPO is September 22, 2023.
When were the shares credited to investors demat accounts for the Kundan Edifice IPO?
The shares for the Kundan Edifice IPO were credited to investors demat accounts on September 25, 2023.
When will Kundan Edifice IPO be listed on the stock market?
Kundan Edifice IPO stock market will be listed on September 26, 2023 at 10 am.
What was the price range of the Kundan Edifice IPO shares?
The Kundan Edifice IPO shares were offered at a price range of ₹91 per share.
What was the lot size for the Kundan Edifice IPO shares?
The lot size for the Kundan Edifice IPO shares was 1200 shares.
What was the total issue size of the Kundan Edifice IPO?
The total issue size of the Kundan Edifice IPO was ₹25.22 crores.
How were the shares allocated among different types of investors for the Kundan Edifice IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Kundan Edifice IPO listed?
The Kundan Edifice IPO was listed on the NSE SME.
What is the Kundan Edifice IPO Subscription Status?
Kundan Edifice IPO is subscribed 00 Times.
