Kundan Edifice Limited IPO : Key Dates

Kundan Edifice Limited IPO is set to launch on 12 September, 2023. The company initiated its business operations in the year 2010. It is involved in the business of assembly, manufacturing, and sales of LED strip lights. Kundan Edifice Limited is an original design manufacturer. It supplies products to its customers who then brand them according to their name and sell them. The catalogue of the company includes HV Flex, RGB LV Flex, LV Flex, Accessories Kit etc. Its manufacturing facility is located in Bhiwandi and it employs 311 people. 

Kundan Edifice Limited IPO DETAILS

Kundan Edifice Limited IPO is set to launch on 12 September, 2023. The subscription timeline extends till 15 September, 2023. The size for the IPO is 25.22 Crore Rs. Shares issued through fresh issue mode are worth 25.22 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 91 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Cameo Corporate Services Limited.

Tabular Description of Kundan Edifice Limited IPO

IPO OPENING DATE	12 September, 2023
CLOSING DATE FOR IPO	15 September, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	91 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	25.22 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	25.22 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	26 September, 2023

Kundan Edifice Limited IPO : IMPORTANT DATES

IPO OPENING DATE	12 September, 2023
CLOSING DATE FOR IPO	15 September, 2023
IPO ALLOTMENT DATE	21 September, 2023
REFUNDS	22 September, 2023
DEMAT A/C CREDITED ON	25 September, 2023
IPO LISTING DATE	26 September, 2023

Kundan Edifice Limited IPO begins for subscription from 12 September, 2023. The IPO subscription would continue till 15 September, 2023. The allotment status for the shareholders who applied would come on 21 September, 2023. The refunds for the ones who did not get allotment would be initiated on 22 September, 2023. The DEMAT accounts of shareholders would be credited on 25 September, 2023. The listing of the company would be completed on 26 September 2023.

Kundan Edifice Limited IPO : Lead Managers

The lead managers are :

• Fedex Securities Private Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 109200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 218400 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	109200 Rs.
Maximum	2400 shares	218400 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	1185	1928	2965
Revenue	1522	3250	6046
PAT	77	167	513

Kundan Edifice Limited had an asset base of 1185 Lakh Rs in the year 2021 which increased to 1928 Lakh Rs in the year 2022. However the same increased by more than 1000 Lakh Rs in the year 2023. The revenue of the firm was 1522 Lakh Rs in the year 2021. This boosted to 3250 Lakh Rs in the year 2022 and then increased to 6046 Lakh Rs in the year 2022. The company’s profit was 77 Lakh Rs in the year 2021 which increased to 167 lakh Rs in the year 2022. However the profit of the company in the year 2023 was 513 Lakh Rs. This is an increase of 346 Lakh Rs in profit in comparison to the year 2022.

PROS

• Kundan Edifice Limited is an original design manufacturer. It supplies products to its customers who then brand them according to their name and sell them.
• The catalogue of the company includes HV Flex, RGB LV Flex, LV Flex, Accessories Kit etc.
• Its manufacturing facility is located in Bhiwandi and it employs 311 people.

CONS

• The company works in a highly competitive segment.

Kundan Edifice Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Kundan Edifice Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.