Kundan Edifice IPO GMP Details
Kundan Edifice Limited, Incorporated in 2010, specializes in manufacturing, assembling, and selling light-emitting diode (“LED”) strip lights.
Kundan Edifice primarily operates as an original design manufacturer (“ODM”). It engages in the design, development, manufacturing, and supply of products to customers who, in turn, distribute these products under their own brand names. The company also offers customized products. Its product range includes HV Flex (High Voltage Flex), LV Flex (Low Voltage Flex), RGB LV Flex (Smart Lights), and Accessories Kit.
The company maintains two manufacturing and assembly facilities in the state of Maharashtra, situated in Vasai and Bhiwandi. As of April 30, 2023, Kundan Edifice employs more than 277 individuals in its manufacturing facilities, including contract workers.
Kundan Edifice Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue
The company plans to use the net proceeds from the issue for the following purposes:
- Meeting additional working capital needs.
- General corporate purposes.
Kundan Edifice IPO Details
Kundan Edifice IPO is a Fixed Price Offering with a total issue size of Rs 25.22 Crores. The price per share for the Kundan Edifice IPO is ₹91. The IPO is set to be listed on NSE SME.
| IPO Date | September 12, 2023 to September 15, 2023 |
| Listing Date | September 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹25.22 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹25.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| DRHP Draft Prospectus: | Click Here |
Kundan Edifice IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Kundan Edifice IPO Lot Size
The minimum lot size of this Kundan Edifice IPO is 1200 shares required is ₹109,200.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
Kundan Edifice IPO Dates
Kundan Edifice IPO opens on September 12, 2023, and closes on September 15, 2023.
| IPO Open Date | Tuesday, September 12, 2023 |
| IPO Close Date | Friday, September 15, 2023 |
| Basis of Allotment | Thursday, September 21, 2023 |
| Initiation of Refunds | Friday, September 22, 2023 |
| Credit of Shares to Demat | Monday, September 25, 2023 |
| Listing Date | Tuesday, September 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2023 |
Kundan Edifice Limited Financial Report
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Dec 2022 |
|---|---|---|---|---|
| Assets | 846.60 | 1,185.44 | 1,928.14 | 2,972.07 |
| Revenue | 649.70 | 1,522.43 | 3,250.60 | 4,741.68 |
| Profit After Tax | 4.05 | 77.22 | 167.82 | 469.52 |
| Net Worth | 27.68 | 129.90 | 297.72 | 767.24 |
| Reserves and Surplus | -247.32 | -170.10 | -2.28 | 467.24 |
| Total Borrowing | 636.89 | 728.65 | 905.03 | 1,067.33 |
Kundan Edifice Contact Information
Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Email: cs@kundanedifice.com
Website: http://www.kundanedifice.com/index.php
Kundan Edifice IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Kundan Edifice IPO FAQs
What is Kundan Edifice IPO?
Kundan Edifice IPO is a SME IPO consisting of [.] equity shares with a face value of ₹10, aggregating up to ₹25.22 Crores. The issue is priced at ₹91 per share, and the minimum order quantity is 1200 Shares. The IPO subscription period is from September 12, 2023, to September 15, 2023.
Cameo Corporate Services Limited is the registrar for the IPO.
The shares are intended to be listed on NSE SME.
How can I apply for Kundan Edifice IPO through Zerodha?
Zerodha customers can apply for Kundan Edifice IPO online using UPI as the payment gateway. To apply for Kundan Edifice IPO through Zerodha, follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘Kundan Edifice IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, the desired quantity of shares, and the price.
5. Click ‘Submit’ to complete the IPO application form.
6. Visit your UPI App (net banking or BHIM) to approve the mandate.
When will Kundan Edifice IPO open for subscription?
The Kundan Edifice IPO opens for subscription on September 12, 2023, and will close on September 15, 2023.
What is the lot size for Kundan Edifice IPO?
The lot size for Kundan Edifice IPO is 1200 Shares, and the minimum amount required to apply is ₹109,200.
How can I apply for Kundan Edifice IPO?
You can apply for Kundan Edifice IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking portal of your bank account. UPI IPO application is provided by brokers who do not offer banking services. For more details on applying for IPOs online, refer to the information provided by Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Kundan Edifice IPO allotment be finalized?
The finalization of the Basis of Allotment for Kundan Edifice IPO will be completed on Thursday, September 21, 2023. The allotted shares will be credited to your demat account by Monday, September 25, 2023. You can check the Kundan Edifice IPO allotment status for updates.
When is the expected listing date for Kundan Edifice IPO?
The listing date for Kundan Edifice IPO has not been announced yet. The tentative listing date for Kundan Edifice IPO is Tuesday, September 26, 2023.
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