What is the issue size of Kundan Edifice IPO?

The issue size of the Kundan Edifice IPO is Rs 25.22 cr

What is 'pre-apply' for Kundan Edifice IPO?

Pre-apply will alow you to apply for the Kundan Edifice IPO 2 days before the subscription period starts.

If I pre-apply for Kundan Edifice IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Kundan Edifice IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Kundan Edifice IPO order is placed?

We will notify you when your Kundan Edifice IPO order is placed with the exchange.

What are the open and close dates of the for Kundan Edifice IPO?

Kundan Edifice IPO will be open between 12 Sept - 15 Sept, 2023.

What is the lot size and minimum order quantity of the Kundan Edifice IPO?

Kundan Edifice Limited IPO lot size is 1200 shares.

What are the allotment dates for the Kundan Edifice IPO?

Kundan Edifice IPO allotment date is 21 Sept, 2023. For Kundan Edifice IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Kundan Edifice IPO?

Kundan Edifice IPO registrar is Cameo Corporate Services Limited. You can check Kundan Edifice IPO allotment status on the website of the registrar.

Where is the Kundan Edifice IPO getting listed?

The shares are proposed to be listed on NSE SME.

Kundan Edifice SME IPO

Kundan Edifice Limited

₹1,09,200 /1200 sharesMinimum Investment

Kundan Edifice SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹91.00₹75.00-₹16.00 (17.58%)
Kundan Edifice SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
12 Sep ‘23 - 15 Sep ‘23₹1,09,2001,200₹91 - ₹91
Issue SizeIPO Doc
25.22CrRHP PDF
About Kundan Edifice SMEKundan Edifice was incorporated in 2010. Kundan Edifice specializes in the manufacturing, assembly, and sale of LED strip lights, catering to various industries such as real estate, railways, automobiles, and decorative lighting.
Functioning primarily as an Original Design Manufacturer (ODM), the company manufactures, conceptualizes, and designs products. They also collaborate with their customers to create and supply products based on their specific designs.
Their product line includes various LED strip lighting products suitable for indoor and outdoor applications. These products fall into two main categories: HV Flex and LV Flex. The company offers multiple variants in length, color, durability, and controls, making them ideal for various applications such as decorative lighting and interior design.;
Parent Organisation
Kundan Edifice Limited
Founded
2010
Managing Director
Mr. Divyansh Mukesh Gupta
Strengths & Risks
Kundan Edifice boasts a strong track record of retaining its customers over the years. In 2023, 2022, and 2021, approximately 65.65%, 65.31%, and 62.27% of their total revenues came from repeat customers.
The company's Research and Development (R&D) department is dedicated to various aspects of product development, including product design, tool and mold design, electronic circuit design, and prototype creation. They independently create ODM designs, verify and enhance OEM designs provided by customers, and transform them into tangible products. This process involves improving the designs, suggesting suitable raw materials, and testing prototype products.
The company's Bhiwandi facility specializes in the extrusion process and has an annual production capacity of 180 lakhs meters as of March 31, 2023, with a utilization rate of approximately 83.33%. 
Their Vasai facility has an annual production capacity of 273 lakhs meters, excluding accessories, and a utilization rate of around 84.40% as of the same date.
The company's revenue from operations has seen substantial growth, surging from Rs. 1,513.66 lakhs in 2021 to Rs. 6,021.93 lakhs in 2023.
The company has witnessed an increase in its restated profit after tax, rising from Rs. 77.22 lakhs in 2021 to Rs. 513.09 lakhs in 2023.
Kundan Edifice and its affiliated companies are currently involved in various legal disputes. Unfavorable outcomes in these legal matters could potentially result in financial penalties and harm the company's reputation and financial standing.
The company relies significantly on a few key customers to generate a substantial portion of its revenue. Any loss of these customer relationships could negatively impact the company's profitability.
The company does not own its registered office or manufacturing facilities, which are critical to its business operations.
The success of the company's manufacturing process relies on a small number of suppliers for its raw materials. Delays or issues with these suppliers could negatively impact the company's operations.
Some promoter group companies associated with Kundan Edifice have experienced losses in the past and may continue to do so in the future.
The company has faced negative cash flows from its operating and investing activities in previous years.
As of March 31, 2023, the company has unsecured loans of Rs. 132.46 lakhs from related parties, which may be subject to recall at any time.
Currency exchange rate fluctuations pose a risk to the company's financial stability.
The company's concentration of manufacturing and assembly facilities in Maharashtra, specifically in Vasai and Bhiwandi, increases its exposure to regulatory changes, economic shifts, demographic factors, and natural or man-made disasters.
The markets served by the company are susceptible to cyclical demand patterns and economic downturns, which could adversely affect its business.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹91 - 91₹2 Lakh
High Networth Individual₹91 - 91₹2 - 5 Lakh
For Kundan Edifice SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹91.00	₹75.00	-₹16.00 (17.58%)

Bidding Dates	Min. Investment	Lot Size	Price Range
12 Sep ‘23 - 15 Sep ‘23	₹1,09,200	1,200	₹91 - ₹91

Issue Size	IPO Doc
25.22Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹91 - 91	₹2 Lakh
High Networth Individual	₹91 - 91	₹2 - 5 Lakh

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