Kundan Edifice IPO

Kundan Edifice IPO

Kundan Edifice IPO will open for subscription from 12 September 2023. The company aims for an issue size of ₹25.23 Cr through this IPO.

Company Overview

Full nameKundan Edifice Limited
SectorCapital Goods
IndustryElectric Equipments
Company Websitehttp://www.kundanedifice.com/

About Company

Incorporated in 2010, Kundan Edifice is engaged in the business operations of manufacturing, assembly, and sale of light-emitting diode (“LED”) strip lights. It is primarily an original design manufacturer (“ODM”) and design, develops, manufacture, and supply products to customers who then further distribute these products under their own brands. The company also works with the customers to develop, manufacture, and supply products that are designed by customers.

The company products 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 30 April 2023, Kundan Edifice employs over 277 employees in its manufacturing facilities, including contract workers.

Kundan Edifice has over 6 years of experience in the electronics manufacturing services (EMS) sector. In the nine months period ended 31 December 2022 and FY 2022, 2021, and 2020, it derived approximately 45.20%, 65.31%, 62.27%, and 36.68% respectively, of its restated revenues from operations from repeat customers (defined as customers from which it has had revenues in the past three fiscal years). In FY 2022, the company enjoyed relationships of over three years with 5 out of these top ten customers.

The Objective of the Issue

  • Meeting incremental working capital requirements,
  • General corporate purposes.

IPO Timetable

IPO Opening date12 September 2023
IPO Closing15 September 2023
Basis of Allotment21 September 2023
Initiation Refund22 September 2023
Credit to Demat Account25 September 2023
Listing Date26 September 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹25.23 crore – 27,72,000 shares
Fresh Issue₹25.23 crore – 27,72,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹91 per share
Lot size1200 Shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹109,200
Retail (Max)11200₹109,200
HNI (Min)22,400₹218,400

Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.771.685.13
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.30
RONW (%)59.4556.3763.28
ROCE (%)16.4020.4143.69
EBITDA (%)10.428.5714.32

Company Promoters

  • Divyansh Mukesh Gupta
  • Vijaya Mukesh Gupta

Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

Lead Manager(s)

B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in

IPO Registrar

No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: 044 4002 0700
Email: investor@cameoindia.com
Website: www.cameoindia.com

Contact Details

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: www.kundanedifice.com

Allotment Status

Kundan Edifice IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Final thoughts

Kundan Edifice IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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