Listing Details
- Listing Exchange NSE SME
- Listing Date 26-Sep-23
- IPO Price Range ₹ 91
- Listing Price ₹ 75
- Listing Change -17.6%
- Last Traded Price ₹ 158
- Current Change 73.6%
Kundan Edifice IPO Details
- Open Date 12-Sep-23
- Close Date 15-Sep-23
- Lot Size 1200
- IPO Size ₹ 25.23 Cr
- IPO Price Range ₹ 91
- Min Investment ₹ 109,200
- Listing Exchange NSE SME
- Basis of Allotment 21-Sep-23
- Refunds 22-Sep-23
- Credit to Demat Account 25-Sep-23
- Listing Date 26-Sep-23
Kundan Edifice IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Sep-23 | - | 0.23 | 1.99 | 1.11 |
| 13-Sep-23 | - | 0.56 | 5.09 | 2.83 |
| 14-Sep-23 | - | 3.11 | 16.36 | 9.73 |
| 15-Sep-23 | - | 35.68 | 44.13 | 42.27 |
Kundan Edifice IPO Synopsis
Kundan Edifice Limited IPO is all set to open from 12th September to 15th September 2023. The company manufactures, assembles, and sells light-emitting diode ("LED") strip lights. The IPO includes a fresh issue of 2,772,000 shares worth ₹25.22 cr. The share allotment date is 21st September, and the IPO will be listed on 26th September on the stock exchanges. The price band is ₹91 per share and the lot size is 1200 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Kundan Edifice IPO:
Kundan Edifice Limited plans to utilize the raised capital from the IPO to:
● For increasing working capital requirements.
● General corporate purpose.
About Kundan Edifice
Established in 2010, Kundan Edifice operates as an Original Design Manufacturer (ODM), specializing in the designing, developing, producing, and distributing light-emitting diode ("LED") strip lights. These products are rebranded and distributed by various customers under their own labels.
Kundan Edifice also offers product customization. Their product portfolio includes HV Flex (High Voltage Flexible Products), LV Flex (Low Voltage Flexible Products), RGB LV Flex (Smart Lighting), and Accessory Kits.
The company has two manufacturing and assembly plants in Vasai and Bhiwandi, Maharashtra.
Peer Comparison
The company has no listed peers.
For More Information:
Webstory on Kundan Edifice IPO
Kundan Edifice IPO GMP
Kundan Edifice Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 60.22 | 32.47 | 15.14 |
| EBITDA | 8.62 | 2.78 | 1.58 |
| PAT | 5.13 | 1.68 | 0.77 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 29.66 | 19.28 | 11.85 |
| Share Capital | 7.50 | 3.00 | 3.00 |
| Total Liabilities | 21.55 | 16.30 | 10.56 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.62 | 2.07 | 0.22 |
| Net cash from / (used in) investing activities | -2.67 | -3.44 | -0.81 |
| Net cash flow from / (used in) financing activities | 4.38 | 1.13 | 0.62 |
| Net increase (decrease) in cash and cash equivalents | 0.083 | -0.23 | 0.030 |
Kundan Edifice IPO Key Points
-
Strengths
1. The company has long-term relationships with leading industry customers.
2. It focuses on R&D for high-quality products.
3. Well-established manufacturing facility designed to serve multiple product ranges as well as end-to-end execution capabilities.
4. Strong and consistent financial performance.
5. Experienced management team.
6. Focus on enhancing the product line and customer base.
-
Risks
1. Rapidly changing preferences of customers can impact the company.
2. Subject to risks associated with product warranty.
3. Negative cash flows in the past.
4. Exposed to risks associated with foreign exchange rate fluctuations.
5. Operates in a highly competitive industry.
6. Subjected to cyclical demand and vulnerable to economic downturn.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Kundan Edifice IPO FAQs
What is the minimum lot size and investment required for the Kundan Edifice IPO?
The minimum lot size of Kundan Edifice IPO is 1200 shares and the investment required is ₹1,09,200.
What is the price band of Kundan Edifice IPO?
The price band of Kundan Edifice IPO is ₹91 per share.
When does the Kundan Edifice IPO open and close?
Kundan Edifice IPO opens from 12th September to 15th September 2023.
What is the size of the Kundan Edifice IPO issue?
The size of Kundan Edifice IPO is ₹25.22 cr.
What is the allotment date of the Kundan Edifice IPO?
The share allotment date of Kundan Edifice IPO is 21st September 2023.
What is the Kundan Edifice IPO listing date?
The Kundan Edifice IPO will be listed on 26th September 2023.
Who are the book runners for the Kundan Edifice IPO?
Fedex Securities Private Limited is the book-running lead manager for Kundan Edifice IPO.
What is the objective of the Kundan Edifice IPO?
Kundan Edifice plans to utilize the raised capital from the IPO to:
1. For increasing working capital requirements.
2. General corporate purpose.
How to apply for the Kundan Edifice IPO?
To apply for the Kundan Edifice IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kundan Edifice Limited IPO.
● 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.
Contact Details of Kundan Edifice IPO
Contact Information
Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar - 401208
Phone: +91 7030919707
Email: cs@kundanedifice.com
Website: http://www.kundanedifice.com/index.php
Kundan Edifice IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Kundan Edifice IPO Lead Manager
Fedex Securities Pvt Ltd.