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Kundan Edifice Limited
Issue Size (Net)
up to ₹25.22 Cr
Price Band
₹91 per share
Issue Opens
September 12, 2023
Issue Closes
September 15, 2023

Company Highlights

1.Company Information

Incorporated in 2010, Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light-emitting diode ("LED") strip lights..

Kundan Edifice is 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 provides custom products. Its product list includes HV Flex- High voltage flex, LV Flex- Low voltage flex, RGB LV Flex (Smart Lights), and Accessories Kit.

The company has two manufacturing and assembly facilities in the state of Maharashtra located in Vasai and Bhiwandi. As of August 31, 2023, Kundan employs over 311 employees in its manufacturing facilities, including contract workers.

2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:

1.Meeting incremental working capital requirements; and

2.General corporate purposes.

3.Kundan Edifice IPO Registrar
Cameo Corporate Services Limited

Phone: +91-44-28460390

Email: priya@cameoindia.com

Kundan Edifice IPO Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-20
846.6
649.7
4.05
27.68
-247.32
636.89
31-Mar-21
1185.44
1522.43
77.22
129.9
-170.1
728.65
31-Mar-22
1928.14
3250.60
167.82
297.72
-2.28
905.03

Kundan Edifice IPO Details

Issue Opening Date
September 12, 2023
Issue Closing Date
September 15, 2023
Face Value
Rs.10 per share
Price
Rs.91 per share
Lot Size
1200 Shares
Issue Size
2,772,000 shares (aggregating up to ₹25.22 Cr)
Fresh Issue
2,772,000 shares (aggregating up to ₹25.22 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME

Kundan Edifice IPO Timetable (Tentative)

Event
Tentative Date
Opening Date
Tuesday, September 12, 2023
Closing 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

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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