Kundan Edifice Ltd

Capital Goods - Electrical Equipment

Offer Period :

12th to 9th Sep 2023

Established in 2010, Kundan Edifice Limited specializes in manufacturing and selling LED strip lights. As an original design manufacturer (ODM), it designs, develops, and supplies products to customers for rebranding. Read more... With two facilities in Maharashtra and over 311 employees, Kundan offers a range of products, including HV Flex, LV Flex, RGB LV Flex, and Accessories Kit.Read less

Kundan Edifice Ltd IPO Details

IPO Date 12th to 9th Sep 2023 Minimum Investment ₹109200 / 1 Lots
Listing Date 2023-09-26 Maximum Investment ₹109200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹25.23 Crores
Price ₹91 to ₹91 per share Fresh Issue ₹25.23 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 12th to 9th Sep 2023
Listing Date 2023-09-26
Face Value ₹10 per share
Price ₹91 to ₹91 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹109200 / 1 Lots
Maximum Investment ₹109200 / 1 Lots
Total Issue Size ₹25.23 Crores
Fresh Issue ₹25.23 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

12th Sep

IPO Starts

15th Sep

IPO Ends

21st Sep

Allotment Date

22nd Sep

Initiation of Refund

25th Sep

Credit of Shares to Demat Account

26th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 87 63.52
Public Group 13 36.48

Kundan Edifice Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1315200(47.45%)
Retail Shares Offered 1315200(47.45%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2772000
Total Shares With Anchor Investor 2772000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Kundan Edifice Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number 044 4002 0700
Email Id priya@cameoindia.com
Our Website www.cameoindia.com

Kundan Edifice Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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Kundan Edifice Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Kundan Edifice Ltd

1. Long-term relationships with leading industry customers;

2. Strong focus on R&D;

3. Experienced Promoter Directors with extensive domain knowledge;

4. Well established manufacturing facility designed to serve multiple products range;

5. Strong and consistent financial performance.

Risks Involved

1. The Company, and group companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

2. The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on the company profitability and results of operations.

3. The markets in which its customers compete are characterized by consumers and their rapidly changing preferences and other related factors including lower manufacturing costs and therefore as a result the Company may be affected by any disruptions in the industry.

4. The company do not own the registered office, manufacturing units from which its carry out the company business activities. Disruption of the rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the manufacturing operations and, consequently, its business.

5. The company success is dependent on the management, skilled manpower. Its inability to attract and retain key personnel or the loss of services of the company Promoter Director may have an adverse effect on its business prospects.

6. Shortages in, or rises in the prices of, raw materials or components for products the company manufacture, which account for majority of the costs, may adversely affect its business.

7. The company may be subject to financial and reputational risks due to product quality and liability issues which may have an adverse effect on the company business, financial condition and results of its operations.

8. The company manufacturing facilities are critical to its business. Any disruption in the continuous operations of the manufacturing facilities would have a material adverse effect on its business, results of operations and financial condition.

9. The company is yet to obtain consents/ no objection certificate from lenders of the Company for the Issue.

10. In the twelve months prior to the date of filing the Draft Prospectus, the Company had issued Equity Shares at a price, which may be lower than the Issue Price.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Kundan Edifice Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-26 79228 KEL
INE0OWX01025
₹91 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹91 ₹91
Open ₹0 ₹75
Low ₹0 ₹71.25
High ₹0 ₹78.75
Low ₹0 ₹71.25

Frequently Asked Questions

What is Kundan Edifice Ltd IPO?

Answer Field

Kundan Edifice Ltd IPO is a SME IPO of 27,72,000 equity shares of a face value of ₹10 aggregating up to ₹25.23 Crores. The issue is priced at ₹91 to ₹91 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 12, 2023, and closes on September 15, 2023. Cameo Corporate Services Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Kundan Edifice Ltd IPO will open?

Answer Field

The Kundan Edifice Ltd IPO opens on September 12, 2023 and closes on September 15, 2023.

What is the lot size of Kundan Edifice Ltd?

Answer Field

Kundan Edifice Ltd lot size is 1200 shares, and the minimum amount required is ₹1,09,200.

How to apply for Kundan Edifice Ltd IPO?

Answer Field

You can apply in Kundan Edifice Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Kundan Edifice Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Kundan Edifice Ltd IPO will be done on September 21, 2023, and the allotted shares will be credited to your demat account by September 25, 2023.

When is Kundan Edifice Ltd IPO listing date?

Answer Field

The Kundan Edifice Ltd listing date is September 26, 2023.

Who is the registrar of Kundan Edifice Ltd IPO?

Answer Field

The registrar of Kundan Edifice Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Kundan Edifice Ltd IPO?

Answer Field

The fresh issue size is ₹25.23 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Kundan Edifice Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,09,200 amount.

How can I approve the UPI mandate request for Kundan Edifice Ltd IPO?

Answer Field

To apply for Kundan Edifice Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Kundan Edifice Ltd?

Answer Field

The price of each Kundan Edifice Ltd share will be ranging in between ₹91 to ₹91 per share.

What is the cut-off time for the UPI mandate for Kundan Edifice Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 15, 2023.

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