Kundan Edifice Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Sep 2023

Close Date

15 Sep 2023

Allotment

21 Sep 2023

Listing Date

26 Sep 2023

Exchange

NSE SME

Price Band

₹91

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹91

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

27,72,000 shares (aggregating up to ₹25.23 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹109,200

1 lot

Pre-IPO Holding

75,00,000 shares

Promoters

Post-IPO Holding

1,02,72,000 shares

Promoters

P/E (Pre)

13.3x

P/E (Post)

18.2x

EPS (Pre)

₹6.84

UPI Deadline

2023-09-15

Mandate

Anchor AllotmentMon, 11 Sep 2023

Basis of AllotmentThu, 21 Sep 2023

Refund InitiationFri, 22 Sep 2023

Demat CreditMon, 25 Sep 2023

Listing DayTue, 26 Sep 2023

UPI Mandate Deadline2023-09-15

Sale TypeFresh Capital

Net Offer to Public26,30,400 shares (aggregating up to ₹23.94 Cr)

Market Maker Quota1,41,600 shares (aggregating up to ₹1.29 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Kundan Edifice Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	141,600	—	₹1.29
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,772,000	100%	₹25.23

IPO Shares Offered

Kundan Edifice Ltd IPO total issue size: ₹25.23 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	141,600	₹1.29	5.11%
Total	2,772,000	₹25.23	100.00%

* Based on upper price band ₹91 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹91.00

Upper Band

Min Investment

₹109,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹218,400
Retail (Max — 13 Lots)	13	15,600	₹1,419,600
S-HNI (Min — 14 Lots)	14	16,800	₹1,528,800
B-HNI (Min — 68 Lots)	68	81,600	₹7,425,600

* Issue Price ₹91 × Lot Size 1,200 shares

IPO Schedule

Anchor

11 Sep 2023

✓ Done

IPO Open

12 Sep 2023

✓ Done

IPO Close

15 Sep 2023

✓ Done

Allotment

21 Sep 2023

✓ Done

Refunds

22 Sep 2023

✓ Done

Demat Credit

25 Sep 2023

✓ Done

Listing Day

26 Sep 2023

✓ Done

₹91.00

INR · NSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹91.00 Live Price

About Kundan Edifice Ltd

Incorporated in 2010, Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light-emitting diode ("LED") strip lights.Kundan Edifice is primarily an original design manufacturer ("ODM") and design, develop, manufacture, and supply products to customers who then further distribute these products under their own brands. The company also provides custom products. Its product list includes HV Flex- High voltage flex, LV Flex- Low voltage flex, RGB LV Flex (Smart Lights), and Accessories Kit.The company has two manufacturing and assembly facilities in the state of Maharashtra located in Vasai and Bhiwandi. As of August 31, 2023, Kundan employs over 311 employees in its manufacturing facilities, including contract workers.

Objects of the Issue

Meeting incremental working capital requirements; and

General corporate purposes

Kundan Edifice Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,522.4

31 Mar 2021

₹3,250.6

31 Mar 2022

₹6,046.4

31 Mar 2023

Profit After Tax (PAT)

₹77.2

31 Mar 2021

₹167.8

31 Mar 2022

₹513.1

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	6046.36	3250.60	1522.43
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	513.09	167.82	77.22
Net Worth	810.81	297.72	129.90
Total Assets	2965.84	1928.14	1185.44
Reserves & Surplus	60.81	-2.28	-170.10
Borrowings	1450.61	905.03	728.65
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

63.28%

RoCE

43.69%

RoNW

63.28%

Debt/Equity

1.79

Issue Structure & Shareholding

Total Shares Offered27,72,000 (100.00%)

Net Offer to Public26,30,400 shares (aggregating up to ₹23.94 Cr)

Reserved for Market Maker1,41,600 shares (aggregating up to ₹1.29 Cr)

Pre-Issue Promoter Holding75,00,000 shares

Post-Issue Promoter Holding1,02,72,000 shares

P/BV RatioN/A

RoE63.28%

RoCE43.69%

Debt / Equity1.79

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

priya@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Fedex Securities Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Kundan Edifice Ltd IPO subscribed? ▲

Kundan Edifice Ltd IPO is subscribed 1.00 times by Sep 15, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Kundan Edifice Ltd IPO retail subscription status? ▼

The Kundan Edifice Ltd IPO retail category is subscribed 1.00 times as of 15 Sep 2023. The retail portion is oversubscribed.

How to subscribe Kundan Edifice Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Sep 2023 and closes 15 Sep 2023. Min investment: ₹109,200 (1 lot = 1,200 shares). UPI mandate: 2023-09-15.

How many times Kundan Edifice Ltd IPO subscribed? ▼

The Kundan Edifice Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Kundan Edifice Ltd IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Sep 2023. Refunds: on 22 Sep 2023.

When Kundan Edifice Ltd IPO will be listed? ▼

The Kundan Edifice Ltd IPO listing date is 26 Sep 2023, Tuesday. Listed on: NSE SME. Issue price: ₹91. Estimated listing: ₹91. GMP: NIL.

When Kundan Edifice Ltd IPO close? ▼

The Kundan Edifice Ltd IPO closes on 15 Sep 2023, Friday. UPI mandate: 2023-09-15. Allotment: 21 Sep 2023. Listing: 26 Sep 2023.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹91.00

Change—

Issue Price₹91.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹91

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹109,200

GMPNIL

Est. Listing₹91

Subscribed1.00x

Open Date12 Sep 2023

Close Date15 Sep 2023

Allotment21 Sep 2023

Listing Date26 Sep 2023

ExchangeNSE SME

UPI Deadline2023-09-15