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Open
12 Sep 2023
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Close
15 Sep 2023
3
Allotment
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Listing
Tue, Sep 26, 2023
Price Band
₹91 per share
Issue Size
27,72,000 shares (agg. up to ₹25 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Sep 26, 2023
Latest GMP
₹5
Est. Gain
5.49%
✦ AI Insight
GMP Trend
26-09-2023₹5Est. ₹96+5.49%
25-09-2023₹5Est. ₹96+5.49%
24-09-2023₹5Est. ₹96+5.49%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 39.50x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 29.66 | 19.28 | 11.85 | 8.47 |
| Total Income | 60.46 | 32.51 | 15.22 | 6.50 |
| Profit After Tax | 5.13 | 1.68 | 0.77 | 0.04 |
| NET Worth | 8.11 | 2.98 | 1.30 | 0.28 |
| Reserves and Surplus | 0.61 | -0.02 | -1.70 | -2.47 |
| Total Borrowing | 14.51 | 9.05 | 7.29 | 6.37 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Comrade Appliances Ltd. | SME | ₹12.30 Cr | ₹54 | 17.14 | ₹91.35 | +69.17% | ₹31.72 (+5.00%) |
| Arham Technologies Ltd. | SME | ₹9.58 Cr | ₹42 | 13.82 | ₹63.00 | +50.00% | ₹136.20 (-0.95%) |
| IKIO Lighting Ltd. | Mainboard | ₹606.50 Cr | ₹285 | 32.13 | ₹403.85 | +41.70% | ₹212.79 (-0.90%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements; and | 15.46 |
| 2 | General corporate purposes | 6.08 |
About Kundan Edifice IPO
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.+ Read More
Contact Details
Kundan Edifice Ltd. AddressGala A/ B, Ganesh Industrial Estatebehind Burma Shell Petrol PumpVasai East, PalgharPalghar, Maharashtra, 401208+91 7030919707cs@kundanedifice.comVisit Website