Issue Price
₹91
Per Share
GMP
NIL
Grey Market
Est. Listing
₹91
Expected Price
Min. Application
₹218,400
2 lots × 1200 shares
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.
Kundan Edifice Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 141,600 | — | ₹1.29 Cr | — |
| TOTAL | 2,772,000 | 100.00% | ₹25.23 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹109,200 |
| Retail (Max) | 13 | 15,600 | ₹1,419,600 |
| sNII (Min) | 14 | 16,800 | ₹1,528,800 |
| bNII (Min) | 68 | 81,600 | ₹7,425,600 |
| 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 |
| Total Borrowings | 1450.61 | 905.03 | 728.65 |