Kundan Edifice Logo

Kundan Edifice Limited

KEL

91-91

per share
Bidding Dates
12-15 Sep
Min. Investment
₹1,09,200.00
Lot Size
1200 shares
Issue Size
₹25.22 Cr
IPO Timeline
Bidding starts
12 Sep ‘23
Bidding ends
15 Sep ‘23
Allotment finalisation*
21 Sep ‘23
Refund initiation*
22 Sep ‘23
Demat transfer
25 Sep ‘23
Listing
26 Sep ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Kundan Edifice Limited IPO

Incorporated in 2010, Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light emitting diode ("LED") strip lights. The company focuses on unconventional form of lighting products i.e. LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc.

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. Their R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype designing. The company has two manufacturing and assembly facilities in the state of Maharashtra with one located in Vasai and other in Bhiwandi.

Now , Kundan Edifice Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised through the fresh issue will be utilised to meet  incremental working capital requirement and General corporate purposes.

Here are key details about the Kundan Edifice Limited IPO

Company Name Kundan Edifice Limited   Company Type Private
 IPO Type SME   Kundan Edifice Limited IPO Opening Date 12 September 2023
Kundan Edifice Limited IPO Closing Date 15 September 2023   Kundan Edifice Limited IPO Allotment Status 21 September 2023
Credit of Shares to the Demat Account 25 September 2023   Kundan Edifice Limited IPO Listing Date 26 September 2023 
Kundan Edifice Limited IPO Face Value ₹ 10 per share   Kundan Edifice Limited IPO Lot Size 1200 shares
Kundan Edifice Limited IPO Issue Size  ₹ 25.22 crore   Kundan Edifice Limited IPO to be Listed on NSE SME
Kundan Edifice Limited IPO Price band   ₹ 91 per share      

 

IPO analysis

Registrar information
Name
CAMEO CORPORATE SERVICES LIMITED
Phone number
044 4002 0700
Email ID
priya@cameoindia.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

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