Kundan Edifice is about to launch an IPO which will open on September 12, 2023, and close on September 15, 2023. Through this public offer company wants to raise Rs. 25.22 crore from the primary market, according to the preliminary papers filed to the capital market regulator SEBI.

KUNDAN EDIFICE is engaged in the manufacturing and sale of lighting products (LED). The company as primarily an original design manufacturer and design, develop, manufacture, supply product to the customers altogether works for customers to design, develop the products. The company has two manufacturing facilities in Maharasthra. company has customer retention, in preceding 3 years, more than 60% revenue comes from the repeat customers. In the fiscal year 2023, the company generated Rs. 60 Crore in revenue from operations, and Rs. 32 crore in the fiscal year 2022.

#Object of Kundan Edifice IPO

The company proposed to use the IPO Funds for the below-mentioned purposes:

1. Rs. 15.45 crore of the total net proceeds fund will be used to meet the working capital requirement.
2. The rest funds will be used for general corporate and issue purposes.

#Kundan Edifice Strength

1. Strong focus on R&D
2. Strong and Consistent financial performance 
3. Long term relationship with the leading customers
4. Experienced team members 

#Kundan Edifice IPO Review & Rating

Issue Size	Rs. 25.22 crore
Issue Price	Rs. 91 per share
Lot size	1200 share
Market Capitalization	93.48 crore
Profit – 2023	5.13 crore
Total Assets – 2023	29.64 crore
Debt/Equity ratio	1.79
NAV Value	16.89
Promoter holding	99%
Listing on Stock Exchanges	SME Platform of NSE
IPO Deliver Rating	Three

 

#Kundan Edifice IPO Dates, Price Band, Lot Size & Details

Type of issue	Fresh Issue (Fixed Price Issue)
Issue Size	Rs. 25.22 crore
Price band	Rs. 91
Lot size	1200 share
Face Value	Rs. 10 equity shares
IPO Open	September 12, 2023
IPO Close	September 15, 2023
IPO Allotment Date	September 21, 2023
Refund Date	September 22, 2023
Listing Date	September 26, 2023
Fresh issue (FOR PUBLIC)	27,72,000 shares

 

#Kundan Edifice Financials Review (Lakhs)

Category	March 31, 2023	March 31, 2022	March 31, 2021
Revenue from operation	6,046.36	3,250.60	1,522.43
Net Worth	810.81	297.72	129.90
Profit after Tax (PAT)	513.09	167.82	77.22
Total borrowings	1,450.61	905.03	728.65

 

#Kundan Edifice IPO Quantitative Factors

Category	March 31, 2023	March 31, 2022	March 31, 2021
Basic EPS	6.84	2.24	1.06
Diluted EPS	6.84	2.24	1.06
Industries P/E Ratio	41.70 avr.
RoNW	63.28%	56.37	59.45
NAV	10.81	3.97	1.78

 

#Kundan Edifice IPO Industry peer

There are no listed companies available that work in the same segment in India.

Company	EPS	NAV	RoNW	P/E
–	–	–	–	–
–	–	–	–	–

 

#Kundan Edifice Company Promoter Details

1. Mr. Divyansh Mukesh Gupta
2. Mr. Vijaya Mukesh Gupta

 

• Pre-offer shareholding 99 % (74,25,000 equity shares) Post-offer shareholding 72.28%
• The average cost of acquisition for promoter: Rs. 1.71 & 9.89 per equity share.

#Kundan Edifice IPO Pre-offer and Post-Offer Promoters shareholding

Pre-offer promoter & promoter group shareholding 99%

Post-offer promoter & promoter group shareholding 72.28%

#Kundan Edifice IPO Reservation

Special reservation for market makers up to 1,41,600 Equity Shares

Non-Institutional Investor (NII):  Not less than 50% of the offer size i.e 13,15,200 equity shares

Retail Institutional Investor (RII): Not less than 50% of the offer size i.e 13,15,200 equity shares

#Kundan Edifice IPO – DRHP & RHP

Draft Red Herring Prospectus (DRHP) – Click to view/download

Red Herring Prospectus (RHP) – Click to view/download

#Kundan Edifice IPO Registrar

Cameo Corporate Service Limited

Regd. Office: No-01, Club House Road, Mount Road, Chennai-600002

Tel: +91-444002 0700, Email: priya@cameoindia.com

Website: www.cameoindia.com

#Kundan Edifice IPO lead manager

Fedex Securities Private Limited

Regd. Office: B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India

Tel: +91-8104985249, Email: mb@fedsec.in

Website: www.fedsec.in

#Kundan Edifice IPO Application

Option-1 Apply for IPO through Internet Banking

• Log into your bank account.
• In the invest Tab, you will see ASBA, click on it.
• Choose to apply for IPO and select the ongoing IPO “Kundan Edifice Limited”
• Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
• After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.

Option-2 Apply for IPO through a Broker

• Log into your broker account (Upstox/Zerodha etc.)
• Click on the IPO tab and select the ongoing IPO “Kundan Edifice Limited”
• Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.

Option-3 Apply for IPO Offline Mode Bank mode

• Visit the nearest branch of your bank
• Fill out the ASBA form and submit it with KYC details
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

BSE Form – Click to download

Submit the form with your bank/broker.

#Kundan Edifice Company Details

Kundan Edifice Limited (Registered on August 12, 2010)

Regd. Office: Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar – 401208, Maharashtra

Tel: +91 7030919707 & Email: cs@kundanedifice.com

Website: www.kundanedifice.com

Investor Grievances/Compliance Officer: Mrs. Rashmi Jugal Karmani

Group Companies:

1. Kundan Fastening Pvt. Ltd.
2. Kundan Industries Ltd.
3. Kundan Fastners and Multitrade Pvt. Ltd.

#Kundan Edifice Company Board (Top-3)

Mr. Divyansh Mukesh Gupta (31), Managing Director and Chairman

Mrs. Mallika Mukesh Gupta (27), Whole-Time Director

Mrs. Girish Kumar Joshi (32), Non-Executive Director

#Kundan Edifice IPO – Frequently Asked Questions (FAQ’s)

Q-1 what is Kundan Edifice IPO Open date?

Ans: Kundan Edifice IPO opening date is September 12 – September 15, 2023.

Q-2 what is Kundan Edifice IPO Close date?

Ans: Kundan Edifice IPO opening date is September 15, 2023

Q-3 what is Kundan Edifice IPO Listing date?

Ans: Kundan Edifice IPO opening date is September 26, 2023

Q-4 What is Kundan Edifice IPO Minimum investment amount?

Ans: Kundan Edifice IPO minimum investment amount is Rs. 1,09,200

Q-5 What is Kundan Edifice IPO offer issue Size?

Ans: Kundan Edifice offer an issue size of Rs. 25.22 crore, which comprise fresh issue only.

Q-6 What is Kundan Edifice IPO Price Band?

Ans: Kundan Edifice’s IPO price band is Rs. 91 per share.

Q-7 Is any similar segment/sector listed company in India?

Ans: No

Q-8 Is this mainboard IPO or SME IPO?

Ans: Kundan Edifice IPO is an SME IPO.

Q-9. What is Kundan Edifice’s promoter name?

Ans: Kundan Edifice’s Promoter Company name is Mr. Divyansh and Mr. Vijay Mukesh Gupta

Q-10 Kundan Edifice IPO Rating by IPO Deliver Team?

Ans: Three Rating