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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹25.23 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹25.23 Cr |
| Fresh Issue | ₹23.94 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹91.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | KEL |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements; and | 15.46 |
| 2 | General corporate purposes | 6.08 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 29.66 | 19.28 | 11.85 | 8.47 |
| Total Income | 60.46 | 32.51 | 15.22 | 6.50 |
| Profit After Tax | 5.13 | 1.68 | 0.77 | 0.04 |
| NET Worth | 8.11 | 2.98 | 1.30 | 0.28 |
| Reserves and Surplus | 0.61 | -0.02 | -1.70 | -2.47 |
| Total Borrowing | 14.51 | 9.05 | 7.29 | 6.37 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 63.28% |
| ROCE | 43.69% |
| Debt / Equity | 1.79% |
| RoNW | 63.28% |
| PAT Margin | 8.52% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.84 | |
| P/E (x) | 13.3 | 18.2 |
| Promoter Holding | 99.00% | 72.28% |
| Market Cap | ₹93.48 Cr. | |
