Kundan Edifice IPO will be Open on 12 September 2023 and closes on 15 September 2023. The company has fixed the price of this IPO at ₹91 according to the face value of ₹10. The company will raise ₹25.22 Crores through this IPO under the 27,72,000 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO 50% for NII and 50% Retail Investor. You can check Kundan Edifice IPO GMP here.
Kundan Edifice Limited is engaged in the business of business operations into manufacturing, assembly and sale of light emitting diode (“LED”) strip lights . The company focus on unconventional form of lighting products i.e., LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc. The Kundan Edifice one of the trusted electronics manufacturing services (“EMS”) Company.
The company 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 work with our customers to develop, manufacture and supply products that are designed by our customers.
The company R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype designing. The company have two manufacturing and assembly facilities in the state of Maharashtra with one located in Vasai and other in Bhiwandi (collectively “manufacturing facilities”). You can check Kundan Edifice IPO subscription status here.
Objects Of The Issue :
- Meeting incremental working capital requirements.
- General Corporate Purposes
Company Strengths :
- 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
| Read also:Upcoming IPO List 2023 |
Kundan Edifice IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹5.13 Cr ₹91 Per Shares 6.84 13.30x 63.28 % 63.38 % 43.69 % 1.79 ₹10.81 ₹29.64 Cr ₹93.48 Cr 99.00 % 72.28 % |
| Team Review : | ✔ Apply For Long Term |
Kundan Edifice IPO GMP Live:
Kundan Edifice IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 11 Sep 2023 | ₹36-₹38 | ₹34500 |
| 10 Sep 2023 | ₹36-₹38 | ₹34500 |
| 09 Sep 2023 | ₹36-₹38 | ₹34500 |
| 08 Sep 2023 | ₹36-₹38 | ₹34500 |
Kundan Edifice IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 12 September 2023 |
| IPO Close : | 15 September 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹91 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹25.22 Cr {2,772,000 Shares} |
| Fresh Issue : | ₹25.22 Cr {2,772,000 Shares} |
Kundan Edifice IPO Market Lot :
Kundan Edifice IPO Minimum Market lot is 1 Lot with 1200 shares with ₹109,200 Application amount. The retail investors can apply up to 1 lots with 1200 Shares or ₹109,200 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹109,200 |
| Retail (Max) : | 1 | 1200 | ₹109,200 |
| S-HNI (Min) : | 2 | 2400 | ₹218,400 |
Kundan Edifice IPO Shares Offer :
A Total of 2,772,000 shares are to be bid for the public issue by Kundan Edifice IPO with 2,772,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 2,772,000 | ₹25.22 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 2,772,000 | ₹25.22 Cr |
Kundan Edifice IPO Net Reservation :
Kundan Edifice IPO Net Reservation of 2,772,000 shares are to be bid for the public issue by Kundan Edifice IPO with 13,15,200 for NII 13,15,200 For RII.
| Category | Reservation | Shares | Amount |
| NII : | 50% | 13,15,200 | ₹11.97 Cr |
| RII : | 50% | 13,15,200 | ₹11.97 Cr |
| MMRP : | – % | 1,41,600 | ₹1.28 Cr |
| Total : | 100% | 2,772,000 | ₹25.22 Cr |
Kundan Edifice IPO EPS & RoNW :
The Kundan Edifice company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹6.84 | 63.28 % | ₹10.81 |
| 2022 | ₹2.24 | 56.37 % | ₹3.97 |
| 2021 | ₹1.06 | 59.45 % | ₹1.78 |
Kundan Edifice IPO Peer Comparison PE :
The Kundan Edifice, According to RHP there are no listed companies in India whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | There are no listed companies in India | – |
Kundan Edifice IPO Dates :
Kundan Edifice IPO Date is 12 september 2023 and closes on 15 September 2023. The allotment will be finalized on 21 September 2023 and the IPO may list on 26 September 2023.
| Issue Open Date : | 12 September 2023 |
| Issue Close Date : | 15 September 2023 |
| Allotment Date : | 21 September 2023 |
| Refund Date : | 22 September 2023 |
| Share Credit Date : | 25 September 2023 |
| Listing Date : | 26 September 2023 |
Kundan Edifice IPO Form :
There are two ways to apply in Kundan Edifice IPO. You can apply for Kundan Edifice IPO through ASBA available in your bank account. You have to go to your online bank login and select Kundan Edifice IPO in the Invest section and apply through your bank account. Another option is you can apply Kundan Edifice IPO through IPO form download through NSE and BSE. See the Kundan Edifice IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Kundan Edifice Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹3,250.60 | ₹5,347.86 | ₹513.09 |
| 2022 | ₹3,250.60 | ₹3,075.46 | ₹167.82 |
| 2021 | ₹1,522.43 | ₹1,440.93 | ₹77.22 |
Company Promoters :
■ Divyansh Mukesh Gupta
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Kundan Edifice IPO Lead Managers :
■ Fedex Securities Pvt Ltd
Kundan Edifice IPO Registrar :
Cameo Corporate Services Limited
No. 01, Club House Road, Mount Road,
Chennai- 600002, India.
Tel No: 044 4002 0700
E-mail Id: [email protected]
Website: www.cameoindia.com
Investor Grievance ID: [email protected]
Note: Check Kundan Edifice IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Phone: +91 7030919707
Email: [email protected]
Website: http://www.kundanedifice.com
Kundan Edifice IPO FAQs :
What is Kundan Edifice IPO?
Kundan Edifice IPO is SME IPO. They are going to raise ₹. Crores via IPO. The issue is priced at ₹ per equity share. The IPO to be listed on NSE, SME.
When Kundan Edifice IPO will open?
The IPO is to open on 12 Sep – 15 Sep for QIB, NII & RII.
How much is Kundan Edifice IPO Size?
Kundan Edifice IPO size is ₹25.22 Crores.
How much is the Fresh issue size of Kundan Edifice IPO?
The Fresh issue size of Kundan Edifice IPO ₹22.25 Cr.
What is Kundan Edifice IPO Price Band?
Kundan Edifice IPO Price Band is ₹91 Per share.
What is the Kundan Edifice IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹109,200 amount while the maximum bid is 1200 shares with ₹109,200.
How much is Kundan Edifice IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.
When is Kundan Edifice IPO Allotment Date?
Kundan Edifice IPO allotment date is 21 September 2023.
When is Kundan Edifice IPO Listing Date?
Kundan Edifice IPO listing date is 26 September 2023. The IPO to list on NSE, SME.
How to Apply the Kundan Edifice IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Kundan Edifice IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kundan Edifice IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Kundan Edifice IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kundan Edifice IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Kundan Edifice IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Kundan Edifice IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Kundan Edifice IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Kundan Edifice GMP: Click Here Kundan Edifice Subscription: Click Here Kundan Edifice Allotment: Click Here Kundan Edifice Listing: Click Here |
All Kundan Edifice IPO-related links are available here. If you want to know the details then click on Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.