Kundan Edifice Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(5.49%)
Premium (ELP)
Kundan Edifice Limited's achieved publicly listed status following its IPO debut on Sep 26, 2023 at the NSE platform. The offering successfully mobilized 27,72,000 Shares, with 27,72,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹91 to ₹91, starting from minimum lots of 1200 shares. The subscription window from Sep 12, 2023 through Sep 15, 2023 enabled investor participation across market segments.
Share allocation was completed on Sep 20, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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Mr. Divyansh Mukesh Gupta
Mr. Vijaya Mukesh Gupta
Kundan Edifice Limited
Cameo Corporate Services Limited