Kundan Edifice Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹91 - ₹91
- Lot size
- 1,200 shares
- Issue amount
- ₹25.22 cr
- Total subscription
- 39.96×
- Opens
- 12 Sept 2023
- Closes
- 15 Sept 2023
- Allotment
- 20 Sept 2023
- Listing
- 26 Sept 2023
Offer at a glance
Issue overview
- Issue size
- 27,72,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,09,200
- Fresh issue
- ₹25.22 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,09,200
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 75,00,000
- Shares after issue
- 1,02,72,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,09,200 |
| HNI | 2 | 2,400 | ₹2,18,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 11.97 | 528.2 |
| NIB | 11.97 | 428.26 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 6.84 |
| ROE | 63.28 |
| ROCE | 43.69 |
| RONW | 63.28 |
| PRE IPO(PE) | 13.3 |
| POST IPO(PE) | 18.2 |
Values and labels as reported in the issue data.
Company information
Company profile
Kundan Edifice Limited, founded in 2010, specializes in manufacturing, assembling, and selling LED strip lights. As an original design manufacturer (ODM), the company designs, develops, and produces LED lighting solutions for customers who sell them under their own brands. Kundan Edifice also offers custom lighting products. Their product range includes HV Flex (high-voltage flex), LV Flex (low-voltage flex), RGB LV Flex (smart lights), and accessory kits. The company operates two manufacturing and assembly facilities in Maharashtra, located in Vasai and Bhiwandi. As of April 30, 2023, Kundan Edifice employs over 277 people, including contract workers.
Promoters
Mr. Divyansh Mukesh Gupta
Mr. Vijaya Mukesh Gupta
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar - 401208
+91 7030919707
[email protected]Company website ↗Understanding KEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.