Last updated on September 26, 2023
Kundan Edifice IPO description – Incorporated in 2010, Kundan Edifice is engaged in the business operations of manufacturing, assembly, and sale of light-emitting diode (“LED”) strip lights. It is primarily an original design manufacturer (“ODM”) and design, develops, manufacture, and supply products to customers who then further distribute these products under their own brands. The company also works with the customers to develop, manufacture, and supply products that are designed by customers.
The company products 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 30 April 2023, Kundan Edifice employs over 277 employees in its manufacturing facilities, including contract workers.
Kundan Edifice has over 6 years of experience in the electronics manufacturing services (EMS) sector. In the nine months period ended 31 December 2022 and FY 2022, 2021, and 2020, it derived approximately 45.20%, 65.31%, 62.27%, and 36.68% respectively, of its restated revenues from operations from repeat customers (defined as customers from which it has had revenues in the past three fiscal years). In FY 2022, the company enjoyed relationships of over three years with 5 out of these top ten customers.
Promoters of Kundan Edifice – Divyansh Mukesh Gupta & Vijaya Mukesh Gupta
Table of Contents
Kundan Edifice IPO Details
| Kundan Edifice IPO Dates | 12 – 15 September 2023 |
| Kundan Edifice Issue Price | INR 91 per share |
| Fresh issue | 27,72,000 shares (INR 25.23 crore) |
| Offer For Sale | NIL |
| Total IPO size | 27,72,000 shares (INR 25.23 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 109,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Kundan Edifice Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 15.14 | 32.47 | 60.22 |
| Expenses | 14.41 | 30.76 | 53.48 |
| Net income | 0.77 | 1.68 | 5.13 |
Kundan Edifice Offer News
- Kundan Edifice RHP
- Kundan Edifice Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Kundan Edifice Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.06 | 2.24 | 6.84 |
| PE ratio | – | – | 13.30 |
| RONW (%) | 59.45 | 56.37 | 63.28 |
| NAV | 1.78 | 3.97 | 10.81 |
| ROCE (%) | 16.40 | 20.41 | 43.69 |
| EBITDA (%) | 10.42 | 8.57 | 14.32 |
| Debt/Equity | 5.61 | 3.04 | 1.79 |
Kundan Edifice IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 25 September 2023 | 18 | – | 15,000 |
| 23 September 2023 | 18 | – | 15,000 |
| 22 September 2023 | 18 | – | 15,000 |
| 21 September 2023 | 18 | – | 15,000 |
| 20 September 2023 | 18 | – | 15,000 |
| 19 September 2023 | 18 | – | 15,000 |
| 18 September 2023 | 20 | – | 16,000 |
| 16 September 2023 | 24 | – | 21,000 |
| 15 September 2023 | 30 | – | 27,000 |
| 14 September 2023 | 30 | – | 27,000 |
| 13 September 2023 | 32 | – | 30,000 |
| 12 September 2023 | 35 | – | 35,000 |
| 11 September 2023 | 37 | – | 38,000 |
| 9 September 2023 | 35 | – | 35,000 |
| 8 September 2023 | 27 | – | 30,000 |
| 7 September 2023 | 22 | – | 20,000 |
Kundan Edifice IPO Subscription – Live Updates
| Category | NII | Retail | Total |
| Shares Offered | 1,315,200 | 1,315,200 | 2,630,400 |
| 15 Sep 2023 | 35.78 | 44.13 | 39.96 |
| 14 Sep 2023 | 3.21 | 16.16 | 9.68 |
| 13 Sep 2023 | 0.67 | 5.00 | 2.83 |
| 12 Sep 2023 | 0.23 | 1.93 | 1.08 |
Kundan Edifice Offer Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: [email protected]
Website: www.fedsec.in
Kundan Edifice Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: 044 4002 0700
Email: [email protected]
Website: www.cameoindia.com
Kundan Edifice Contact Details
KUNDAN EDIFICE LIMITED
Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208, Maharashtra, India
Phone: +91 7030919707
E-mail: [email protected]
Website: www.kundanedifice.com
Kundan Edifice IPO Allotment Status
Kundan Edifice IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Kundan Edifice IPO Dates & Listing Performance
| IPO Opening Date | 12 September 2023 |
| IPO Closing Date | 15 September 2023 |
| Finalization of Basis of Allotment | 21 September 2023 |
| Initiation of refunds | 22 September 2023 |
| Transfer of shares to demat accounts | 25 September 2023 |
| IPO Listing Date | 26 September 2023 |
| Opening Price on NSE SME | INR 75 per share (down 17.58%) |
| Closing Price on NSE SME | INR 78.75 per share (down 13.46%) |
IPO FAQs
What is the Kundan Edifice offer size?
Kundan Edifice offer size is INR 25.23 crores.
What is the Kundan Edifice offer price band?
Kundan Edifice public offer price is INR 91 per share.
What is the lot size of the Kundan Edifice IPO?
Kundan Edifice offer lot size is 1,200 shares.
What is Kundan Edifice IPO GMP today?
Kundan Edifice IPO GMP today is INR 18 per share.
What is the Kundan Edifice kostak rate today?
Kundan Edifice kostak rate today is INR NA per application.
What is Kundan Edifice Subject to Sauda rate today?
Kundan Edifice Subject to Sauda rate today is INR 15,000 per application.
