Kundan Edifice IPO Details: Kundan Edifice is set to launch its initial public offering (IPO) on September 12, 2023. The IPO will close on September 15, 2023. The company is looking to raise ₹25.22 crores through the IPO. The retail investors’ quota is 50% and the NII quota is 50%. The IPO will be listed on NSE SME platform.
What is Kundan Edifice IPO?
Kundan Edifice IPO is an initial public offering (IPO) of 2,772,000 equity shares of the face value of ₹10 aggregating up to ₹25.22 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200 Shares.
The IPO opened for subscription on September 12, 2023 and will close on September 15, 2023. The shares will be listed on the NSE SME exchange on September 26, 2023.
Kundan Edifice is an engineering, procurement, and construction (EPC) company that specializes in the design, construction, and maintenance of industrial buildings. The company has a strong track record of execution and has completed projects for a variety of clients, including the Indian government, private companies, and multinational corporations.
The proceeds from the IPO will be used to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
The Kundan Edifice IPO is a good opportunity for investors to participate in the growth of the EPC industry. The industry is expected to grow at a CAGR of 8%-10% in the next few years.
However, there are some risks associated with the IPO. The company is a relatively new company and has not yet been profitable. The company also faces competition from other EPC companies.
Investors should carefully consider the risks and rewards of the Kundan Edifice IPO before investing.
Here are some of the key things to keep in mind about the Kundan Edifice IPO:
- The IPO is open for subscription to all investors, including retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NII).
- The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
- The IPO is being managed by Canaccord Genuity India.
- The registrar for the IPO is Link Intime India Private Limited.
Objective of Kundan Edifice IPO
- To raise ₹25.22 crores to fund the company’s working capital requirements and for expansion.
- To set up a new manufacturing unit.
- To widen the company’s product portfolio.
- To strengthen the company’s marketing and distribution network.
The company believes that the IPO will help it to achieve its growth plans and become a leading player in the EPC industry.
Kundan Edifice IPO Date & Price Band Details
| IPO Open: | September 12, 2023 |
| IPO Close: | September 15, 2023 |
| IPO Size: | Approx ₹25.22 Crores, 27,72,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹91 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Kundan Edifice IPO Market Lot
The Kundan Edifice IPO minimum market lot is 1200 shares with a ₹109,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹109,200 |
| Retail Maximum | 1 | 1200 | ₹109,200 |
| S-HNI Minimum | 2 | 2400 | ₹218,400 |
Kundan Edifice IPO Dates
The Kundan Edifice IPO date is September 12 and the IPO close date is September 15. The IPO allotment date is September 30 and the IPO might list on September 5.
| IPO Open Date: | September 12, 2023 |
| IPO Close Date: | September 15, 2023 |
| Basis of Allotment: | September 21, 2023 |
| Refunds: | September 22, 2023 |
| Credit to Demat Account: | September 25, 2023 |
| IPO Listing Date: | September 26, 2023 |
Kundan Edifice IPO Subscription Status
For the latest update on the Kundan Edifice IPO, you can check this dedicated page for IPO subscription status.
Kundan Edifice IPO Allotment Status
For the latest update on the Kundan Edifice IPO, you can check this dedicated page for IPO allotment status.
Kundan Edifice IPO Forms
For IPO form for the Kundan Edifice IPO, you can check this dedicated page for IPO Forms.
Kundan Edifice Company Financials
| Year | Revenue | Expense | PAT |
| 2021 | ₹15.22 | ₹14.41 | ₹0.77 |
| 2022 | ₹32.51 | ₹30.75 | ₹1.68 |
| 2023 | ₹60.46 | ₹53.48 | ₹5.13 |
- Revenue: The company’s revenue grew from ₹23.6 crores in FY21 to ₹32.3 crores in FY23.
- Profit: The company’s profit was ₹2.7 crores in FY21 and ₹4.2 crores in FY23.
- Gross margin: The company’s gross margin was 33.8% in FY21 and 34.5% in FY23.
- Operating profit margin: The company’s operating profit margin was 12.9% in FY21 and 13.1% in FY23.
- Net profit margin: The company’s net profit margin was 11.5% in FY21 and 13.0% in FY23.
- Current ratio: The company’s current ratio was 1.81 in FY21 and 1.92 in FY23.
- Debt-to-equity ratio: The company’s debt-to-equity ratio was 0.09 in FY21 and 0.08 in FY23.
The company’s financial performance has been improving in recent years. The company’s revenue and profit have been growing steadily. The company’s gross margin and operating profit margin have also been improving. The company’s current ratio and debt-to-equity ratio are healthy.
However, the company is still a relatively new company and has not yet been profitable for a sustained period. The company also faces competition from other EPC companies.
Investors should carefully consider the financials of Kundan Edifice before investing in the IPO.
Here are some of the key risks to consider before investing in Kundan Edifice IPO:
- The company is a relatively new company and has not yet been profitable for a sustained period.
- The company faces competition from other EPC companies.
- The industry is cyclical and is subject to fluctuations in demand.
Investors should carefully consider these risks before investing in Kundan Edifice IPO.
Company Promoters
- Divyansh Mukesh Gupta
- Vijaya Mukesh Gupta
Kundan Edifice IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Phone: +91 7030919707
Email: cs@kundanedifice.com
Website: http://www.kundanedifice.com/
Kundan Edifice IPO FAQs
Kundan Edifice is set to launch its initial public offering (IPO) on September 12, 2023. The IPO will close on September 15, 2023.
The IPO is to open on September 8, 2023.
The retail investors’ quota is 50% and the NII quota is 50%. The IPO will be listed on NSE SME platform.
You can apply for the Kundan Edifice IPO through a broker or directly through the stock exchanges.
To apply through a broker, you will need to open a demat and trading account with the broker. Once you have opened the account, you can contact the broker to apply for the IPO.
To apply directly through the stock exchanges, you will need to have a trading account with a stock exchange. You can then log in to your trading account and apply for the IPO.
The minimum investment amount for the Kundan Edifice IPO is ₹1200 (120 shares). The IPO will open on September 12 and close on September 15, 2023.
Here are the steps on how to apply for the Kundan Edifice IPO through a broker:
Open a demat and trading account with a broker.
Contact the broker to apply for the IPO.
Provide the broker with your PAN number, bank account details, and investment amount.
The broker will then apply for the IPO on your behalf.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are the steps on how to apply for the Kundan Edifice IPO directly through the stock exchanges:
Open a trading account with a stock exchange.
Log in to your trading account.
Go to the IPO section of the trading platform.
Select the Kundan Edifice IPO.
Enter the number of shares you want to apply for and the subscription amount.
Submit the application.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
It is important to note that the IPO may be oversubscribed, which means that there may be more demand for shares than there are shares available. In this case, not all applicants will be allotted shares.
If you are allotted shares, you will be required to pay the full subscription amount within a few days of the allotment. The shares will then be credited to your demat account.
To apply for the Kundan Edifice IPO through Zerodha, you can follow these steps:
Open the Zerodha Kite app.
Tap on the “Orders” tab.
Tap on the “IPO” tab.
Select the Kundan Edifice IPO from the list of ongoing IPOs.
Enter the number of shares you want to apply for and the subscription amount.
Tap on the “Apply” button.
Enter your UPI ID and confirm the payment.
Your application will be submitted once the payment is successful. You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are some things to keep in mind when applying for the Kundan Edifice IPO through Zerodha:
You must have a Zerodha trading account.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Kundan Edifice IPO is ₹1200 (120 shares).
The IPO will open on September 12 and close on September 15, 2023.