Kundan Edifice IPO GMP, Review, Price, Allotment


Last updated on September 26, 2023

Kundan Edifice IPO GMP

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.

Kundan Edifice

Promoters of Kundan Edifice – Divyansh Mukesh Gupta & Vijaya Mukesh Gupta

Kundan Edifice IPO Details

Kundan Edifice IPO Dates12 – 15 September 2023
Kundan Edifice Issue PriceINR 91 per share
Fresh issue27,72,000 shares (INR 25.23 crore)
Offer For SaleNIL
Total IPO size27,72,000 shares (INR 25.23 crore)
Minimum bid (lot size)1,200 shares (INR 109,200)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Kundan Edifice Financial Performance

 FY 2021FY 2022FY 2023
Net income0.771.685.13
Figures in INR Crores unless specified otherwise

Kundan Edifice Offer News

Kundan Edifice Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.30
RONW (%)59.4556.3763.28
ROCE (%)16.4020.4143.69
EBITDA (%)10.428.5714.32
Debt/Equity 5.613.041.79
*Compiled by IPO Central from Prospectus

Kundan Edifice IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
25 September 20231815,000
23 September 20231815,000
22 September 20231815,000
21 September 20231815,000
20 September 20231815,000
19 September 20231815,000
18 September 20232016,000
16 September 20232421,000
15 September 20233027,000
14 September 20233027,000
13 September 20233230,000
12 September 20233535,000
11 September 20233738,000
9 September 20233535,000
8 September 20232730,000
7 September 20232220,000

Kundan Edifice IPO Subscription – Live Updates

Shares Offered1,315,2001,315,2002,630,400
15 Sep 202335.7844.1339.96
14 Sep 20233.2116.169.68
13 Sep 20230.675.002.83
12 Sep 20230.231.931.08
As on 17:02:12 hrs

Kundan Edifice Offer Lead Manager

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

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

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 Date12 September 2023
IPO Closing Date15 September 2023
Finalization of Basis of Allotment21 September 2023
Initiation of refunds22 September 2023
Transfer of shares to demat accounts25 September 2023
IPO Listing Date26 September 2023
Opening Price on NSE SMEINR 75 per share (down 17.58%)
Closing Price on NSE SMEINR 78.75 per share (down 13.46%)


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.


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