Kundan Edifice, founded in 2010, is a company that manufactures, assembles, and sells light-emitting diode (“LED“) strip lights. It is largely an original design manufacturer (“ODM“), designing, developing, manufacturing, and supplying products to customers who then resell them under their own brands.
The company also collaborates with customers to develop, manufacture, and supply products designed by them. HV Flex- High voltage flex, LV Flex- Low voltage flex, RGB LV Flex (Smart Lights), and Accessories Kit are among the company’s goods. In the state of Maharashtra, the firm operates two production and assembly plants in Vasai and Bhiwandi. Kundan Edifice employs around 277 people in its manufacturing plants as of 30 April 2023, including contract workers.
Kundan Edifice has worked in the electronics manufacturing services (EMS) industry for over 6 years. It drew approximately 45.20%, 65.31%, 62.27%, and 36.68% of its restated revenues from operations from repeat customers (defined as clients from whom it had revenues in the previous three fiscal years) in the nine months ended 31 December 2022 and FY 2022, 2021, and 2020, respectively. In fiscal year 2022, the company had partnerships with five of the top 10 customers that lasted more than three years.
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 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 |
|---|---|---|---|
| 8 September 2023 | 27 | – | 30,000 |
| 7 September 2023 | 22 | – | 20,000 |
Kundan Edifice IPO Subscription – Live Updates
- Coming soon
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: mb@fedsec.in
Website: https://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: investor@cameoindia.com
Website: https://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: cs@kundanedifice.com
Website: https://www.kundanedifice.com
Kundan Edifice Offer News
- Kundan Edifice RHP
- Kundan Edifice Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO 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 | Coming soon |
| Closing Price on NSE SME | Coming soon |
Kundan Edifice IPO FAQs:
Q1. What is the Kundan Edifice offer size?
Ans. Kundan Edifice offer size is INR 25.23 crores.
Q2. What is the Kundan Edifice offer price band?
Ans. Kundan Edifice public offer price is INR 91 per share.
Q3. What is the lot size of the Kundan Edifice IPO?
Ans. Kundan Edifice offer lot size is 1,200 shares.
Q4. What is Kundan Edifice IPO GMP today?
Ans. Kundan Edifice kostak rate today is INR NA per application.
Q5. What is the Kundan Edifice kostak rate today?
Ans. Kundan Edifice IPO GMP today is INR 27 per share.
Q6. What is Kundan Edifice Subject to Sauda rate today?
Ans. Kundan Edifice Subject to Sauda rate today is INR 30,000 per application.
