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Kundan Edifice SME IPO Details 2023

SME IPO Status: Listed [12th Sep 2023 to 15th Sep 2023]

Rated 3/5 by Team InvestorGain
Kundan Edifice SME IPO Detail

Kundan Edifice Limited is offering an SME IPO fresh issue worth of Rs 25.22 Cr. The subscription period for this IPO is from Sep 12, 2023 to Sep 15, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 91 per share and the minimum lot size is 1200 shares or its multiples.

Stay tuned for more information on Kundan Edifice Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.

Kundan Edifice SME IPO Details

SME IPO Issue Opening Date: 12th Sep 2023
SME IPO Issue Closing Date: 15th Sep 2023
SME IPO Issue Price: ₹91.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: NSE SME
Retail Quota: 50% of the net offer
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹25.22 Cr
Fresh Issue: ₹25.22 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 99.00%
Promoter Holding Post IPO: 72.28%
Allotment Status: Allotment Status
NSE Code: KEL

Kundan Edifice SME IPO Important Dates

Get important updates regarding Kundan Edifice SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Kundan Edifice SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 21st Sep 2023
Refunds Initiation* 22nd Sep 2023
Credit of Shares to Demat* 25th Sep 2023
SME IPO Listing Date* 26th Sep 2023

* - Tentative Dates

Kundan Edifice SME IPO Lots

SME IPO Activity Date
Issue Price ₹91.00
Market Lot: 1200 Shares
1 Lot Amount: ₹109200
Min HNI Lots: 2400 shares (2 lots)- ₹218400

Kundan Edifice IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
26-09-202391.0054600₹96 (5.49%)26-Sep-2023 10:31
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Kundan Edifice

Kundan Edifice Limited was established in 2010. The company EMS is primarily an Original Design Manufacturer (“ODM”) and designs, develops, manufactures and supplies products to customers who then resell these products under their own brands.

The company focuses on unconventional forms of lighting products such as LED strip lights, which are used in various industries such as real estate, railroads, automobiles, decorative lighting, etc. The LED strip light or flexible linear lighting as a concept replaces traditional lighting such as incandescent bulbs, tubes and many other types of lighting fixtures, as flexible linear lighting can be used both indoors and outdoors.

The company has expanded its product portfolio within its main product, built a customer base, and acquired technological know-how to design and manufacture its products. The company boasts strong customer loyalty.

The company's R&D department focuses on the development of products, tools and moulds, electronic circuits and prototypes. The R&D department independently develops ODM designs and reviews and develops OEM designs received from customers, and converts these designs into deliverable products by improving designs, recommending suitable raw materials, and testing trial products.

Kundan Edifice SME IPO Strengths

  • Long-term relationships with leading industrial customers
  • Strong focus on R&D
  • Experienced promoter directors with extensive expertise
  • Well established manufacturing facility designed for a wide range of products
  • Strong and consistent financial performance
Incorporation Sector IPO Issue Size Website
2010 Construction and design manufecturing ₹25.22 Cr http://www.kundanedifice.com/index.php

Kundan Edifice SME IPO Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Meeting incremental working capital requirements; and
  2. General corporate purposes.

Our experts can help you prepare for SME IPO

Kundan Edifice SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,315,200 Shares
  • Retail Individual Investor: 1,315,200 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,315,200 (50%)1,315,200 (50%)2,630,400
112th Sep 2023 19:310.23x1.99x1.11x
213th Sep 2023 19:310.56x5.09x2.83x
314th Sep 2023 19:313.11x16.36x9.73x
415th Sep 2023 19:3135.68x44.13x42.27x
Kundan Edifice IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets846.601,185.441,928.142,965.84
Revenue649.701,522.433,250.606,046.36
Profit After Tax4.0577.22167.82513.09
Net Worth27.68129.90297.72810.81
Reserves and Surplus-247.32-170.10-2.2860.81
Total Borrowing636.89728.65905.031,450.61
Amount in ₹ Lakhs

Kundan Edifice SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Kundan Edifice Limited

Company Address

Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East
Palghar,Maharashtra-401208
India
Website: http://www.kundanedifice.com/index.php
Phone: +91 7030919707
Email: [email protected]

Kundan Edifice SME IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: https://ipo.cameoindia.com/
Phone: +91-44-28460390
Email: [email protected]

Kundan Edifice SME IPO Lead Manager

Kundan Edifice SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Kundan Edifice? Should I apply in Kundan Edifice SME IPO?

Last Updated on 30-Sep-2023 06:02:44

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kundan Edifice SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kundan Edifice SME IPO with Zerodha.

Alternate approch to apply in Kundan Edifice SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Kundan Edifice SME IPO Review and Important Updates

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Apply in Kundan Edifice SME IPO online

To subscribe or apply in Kundan Edifice SME IPO, you can use the following methods:

MethodDetails
Kundan Edifice SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Kundan Edifice SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Kundan Edifice SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Kundan Edifice SME IPO. Most of the Syndicate Banks provide access to apply in Kundan Edifice IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kundan Edifice SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Kundan Edifice SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Kundan Edifice SME IPO Review and Important Updates

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Kundan Edifice SME IPO Application is not yet available.

 

Kundan Edifice SME IPO is going to be list on 26-09-2023. NSE Code for Kundan Edifice is KEL.

Other relevant questions:

When Kundan Edifice SME IPO will be listing? Kundan Edifice SME IPO NSE listing date?Kundan Edifice SME IPO date of listing

 

Kundan Edifice SME IPO Allotment Date is 21-09-2023.

Other relevant questions:

Kundan Edifice SME IPO share allotment date?Kundan Edifice SME IPO allotment date?

 


User Reviews

4. Bhupendra Kumar Sharma Sep 06 2023 12:03:05 AM Reply
Kundan Edifice SME IPO expected listing gain.
3. Shailendra Shukla Sep 06 2023 12:03:05 AM Reply
Please confirm Kundan Edifice SME IPO GMP (grey market premium) and kostak.
2. GRLpGpAG Sep 06 2023 12:03:05 AM Reply
Kundan Edifice SME IPO good or bad.
1. Meenu Sep 06 2023 12:03:05 AM Reply
Kundan Edifice SME IPO whether to invest or not.