Established in 2010, Kundan Edifice Limited specializes in the production, assembly, and sales of light-emitting diode (LED) strip lights. The company primarily operates as an original design manufacturer (ODM), focusing on designing, developing, manufacturing, and supplying LED products to its clientele, who subsequently market these products under their own brands. Kundan Edifice also offers tailored product solutions. Their product range encompasses HV Flex (High Voltage Flexible LED Strips), LV Flex (Low Voltage Flexible LED Strips), RGB LV Flex (Smart LED Lights), and an array of Accessories Kits.
With two manufacturing and assembly facilities situated in the state of Maharashtra, specifically in Vasai and Bhiwandi, Kundan Edifice Limited currently boasts a workforce of over 311 employees in its manufacturing facilities, including both permanent staff and contract workers, as of August 31, 2023.
Kundan Edifice IPO Details #
Kundan Edifice IPO is a Fixed Price Issue. The IPO total issue size is Rs 25.22 Cr. The Kundan Edifice IPO price is ₹91 per share. The IPO will list on NSE SME.
| IPO Date | September 12, 2023 to September 15, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,772,000 shares (aggregating up to ₹25.22 Cr) |
| Fresh Issue | 2,772,000 shares (aggregating up to ₹25.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,500,000 |
| Share holding post issue | 10,272,000 |
| Market Maker portion | 141,600 shares Gretex Share Broking |
Kundan Edifice IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Kundan Edifice IPO Timetable (Tentative) #
Kundan Edifice IPO opens on September 12, 2023, and closes on September 15, 2023.
| IPO Open Date | Tuesday, September 12, 2023 |
| IPO Close Date | Friday, September 15, 2023 |
| Basis of Allotment | Thursday, September 21, 2023 |
| Initiation of Refunds | Friday, September 22, 2023 |
| Credit of Shares to Demat | Monday, September 25, 2023 |
| Listing Date | Tuesday, September 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 15, 2023 |
Kundan Edifice IPO Lot Size #
The minimum lot size of this Kundan Edifice IPO is 1200 shares required is ₹109,200.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
| Lot Size Calculator | |||
Kundan Edifice IPO Promoter Holding #
Mr. Divyansh Mukesh Gupta and Mr. Vijaya Mukesh Gupta are the promoters of the company.
| Pre Issue Share Holding | 99.00% |
| Post Issue Share Holding | 72.28% |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 846.60 | 1,185.44 | 1,928.14 | 2,965.84 |
| Revenue | 649.70 | 1,522.43 | 3,250.60 | 6,046.36 |
| Profit After Tax | 4.05 | 77.22 | 167.82 | 513.09 |
| Net Worth | 27.68 | 129.90 | 297.72 | 810.81 |
| Reserves and Surplus | -247.32 | -170.10 | -2.28 | 60.81 |
| Total Borrowing | 636.89 | 728.65 | 905.03 | 1,450.61 |
Key Performance Indicator #
Kundan Edifice IPO Market Cap is Rs 93.48 Cr and P/E (x) is 13.3.
| KPI | Values |
|---|---|
| P/E (x) | 13.3 |
| Market Cap (₹ Cr.) | 93.48 |
| ROE | 63.28% |
| ROCE | 43.69% |
| Debt/Equity | 1.79 |
| EPS (Rs) | 6.84 |
| RoNW | 63.28% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Meeting incremental working capital requirements; and
- General corporate purposes.
Kundan Edifice IPO Prospectus #
Company Contact Information #
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Phone: +91 7030919707
Email: cs@kundanedifice.com
Website: http://www.kundanedifice.com/index.php
Kundan Edifice IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
