Kundan Edifice Ltd
Price Range
₹91
Min. Quantity
1,200
Closes on
15 September 2023
Min. investment
₹1,09,200/1,200 Shares
Kundan Edifice Ltd IPO Timeline
Kundan Edifice Limited (formerly known Kundan Edifice Private Limited) was incorporated on August 12, 2010 issued by the Assistant Registrar of Companies, in Mumbai. Thereafter, Company was converted from a Private Limited Company to a Public Limited Company and the name was changed to Kundan Edifice Limited', and a fresh Certificate of Incorporation upon conversion dated May 08, 2023, was issued by the RoC to the Company.
| Event | Date |
|---|---|
| Kundan Edifice Ltd IPO Opening Date | 12 September 2023 |
| Kundan Edifice Ltd IPO Closing Date | 15 September 2023 |
| Basis of Allotment | 21 September 2023 |
| Initiation of Refunds | 22 September 2023 |
| Credit of Shares to Demat | 25 September 2023 |
| Kundan Edifice Ltd IPO Listing Date | 26 September 2023 |
Kundan Edifice Ltd IPO Details
| Kundan Edifice Ltd IPO Date | 12 September 2023 to 15 September 2023 |
| Kundan Edifice Ltd IPO Face Value | ₹10 per share |
| Kundan Edifice Ltd IPO Price | ₹91 to ₹0 per share |
| Kundan Edifice Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹25.23 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹25.23 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Divyansh Mukesh Gupta, Vijaya Mukesh Gupta |
Kundan Edifice Ltd IPO Lot Size
The Kundan Edifice Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,09,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,09,200 |
| Maximum | 1 | 1,200 | ₹1,09,200 |
- Strengths
- Risks
- Opportunities
- Long-term relationships with leading industry customers;
- Strong focus on R&D;
- Experienced Promoter Directors with extensive domain knowledge;
- Well established manufacturing facility designed to serve multiple products range;
- Strong and consistent financial performance.
Company Financials
Kundan Edifice Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 58.02 | 84.47 | 3.00 |
| 03-2023 | 29.66 | 60.46 | 5.09 |
| 03-2022 | 19.28 | 32.51 | 1.68 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Meeting incremental working capital requirements
- General corporate purposes
Kundan Edifice Ltd IPO Promoter Holding
| Pre Issue Share Holding | 60% |
| Post Issue Share Holding | 43.81% |
Kundan Edifice Ltd IPO Subscription Status (Bidding Detail)
The Kundan Edifice Ltd IPO is subscribed 37.9169 times on 15 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 37.9169 |
Kundan Edifice Ltd IPO Prospectus
Kundan Edifice Ltd IPO Listing Date
| Listing Date | 26 September 2023 |
| BSE Script | 79228 |
| NSE Symbol | KEL |
| Listing In | NSE - SME |
| ISIN | INE0OWX01025 |
| IPO Price | ₹91 |
| Face Value | ₹10 |
Company Contact Information
Gala A/B,Ganesh Inds Estate-behind Burma Shell Petrol Pump,Palghar-401208
Phone: +91 7030919707
Email: cs@kundanedifice.com
Website: www.kundanedifice.com
Kundan Edifice Ltd IPO Registrar
Kundan Edifice Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of Kundan Edifice Ltd IPO?
I have pre-applied for Kundan Edifice Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.