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SME IPO Status: Listed [12th Sep 2023 to 15th Sep 2023]
Kundan Edifice Limited is offering an SME IPO fresh issue worth of Rs 25.22 Cr. The subscription period for this IPO is from Sep 12, 2023 to Sep 15, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 91 per share and the minimum lot size is 1200 shares or its multiples.
Stay tuned for more information on Kundan Edifice Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 12th Sep 2023 |
| SME IPO Issue Closing Date: | 15th Sep 2023 |
| SME IPO Issue Price: | ₹91.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹25.22 Cr |
| Fresh Issue: | ₹25.22 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.00% |
| Promoter Holding Post IPO: | 72.28% |
| Allotment Status: | Allotment Status |
| NSE Code: | KEL |
Get important updates regarding Kundan Edifice SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Sep 2023 |
| Refunds Initiation* | 22nd Sep 2023 |
| Credit of Shares to Demat* | 25th Sep 2023 |
| SME IPO Listing Date* | 26th Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹91.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹109200 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-09-2023 | 91.00 | 5 | 4600 | ₹96 (5.49%) | 26-Sep-2023 10:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kundan Edifice Limited was established in 2010. The company EMS is primarily an Original Design Manufacturer (“ODM”) and designs, develops, manufactures and supplies products to customers who then resell these products under their own brands.
The company focuses on unconventional forms of lighting products such as LED strip lights, which are used in various industries such as real estate, railroads, automobiles, decorative lighting, etc. The LED strip light or flexible linear lighting as a concept replaces traditional lighting such as incandescent bulbs, tubes and many other types of lighting fixtures, as flexible linear lighting can be used both indoors and outdoors.
The company has expanded its product portfolio within its main product, built a customer base, and acquired technological know-how to design and manufacture its products. The company boasts strong customer loyalty.
The company's R&D department focuses on the development of products, tools and moulds, electronic circuits and prototypes. The R&D department independently develops ODM designs and reviews and develops OEM designs received from customers, and converts these designs into deliverable products by improving designs, recommending suitable raw materials, and testing trial products.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Construction and design manufecturing | ₹25.22 Cr | http://www.kundanedifice.com/index.php |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,315,200 (50%) | 1,315,200 (50%) | 2,630,400 | |
| 1 | 12th Sep 2023 19:31 | 0.23x | 1.99x | 1.11x |
| 2 | 13th Sep 2023 19:31 | 0.56x | 5.09x | 2.83x |
| 3 | 14th Sep 2023 19:31 | 3.11x | 16.36x | 9.73x |
| 4 | 15th Sep 2023 19:31 | 35.68x | 44.13x | 42.27x |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kundan Edifice Limited |
Last Updated on 30-Sep-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kundan Edifice SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kundan Edifice SME IPO with Zerodha.
Alternate approch to apply in Kundan Edifice SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kundan Edifice SME IPO Review and Important Updates
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To subscribe or apply in Kundan Edifice SME IPO, you can use the following methods:
| Kundan Edifice SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kundan Edifice SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kundan Edifice SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kundan Edifice SME IPO. Most of the Syndicate Banks provide access to apply in Kundan Edifice IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kundan Edifice SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kundan Edifice SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kundan Edifice SME IPO Review and Important Updates
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Kundan Edifice SME IPO is going to be list on 26-09-2023. NSE Code for Kundan Edifice is KEL.
Other relevant questions:
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Kundan Edifice SME IPO Allotment Date is 21-09-2023.
Other relevant questions:
Kundan Edifice SME IPO share allotment date?Kundan Edifice SME IPO allotment date?
