Kundan Edifice have over 6 years of experience in EMS sector. Since Fiscal 2016, they have expanded their product portfolio within their primary product, customer base and gained technological expertise in designing and manufacturing of their products. They have a history of high customer retention. In the the Fiscal 2023, the Fiscal 2022, the Fiscal 2021, they derived approximately 65.65%, 65.31% and 62.27% respectively, of their restated revenues from operations from repeat customers. In Fiscal 2022, they enjoyed relationships of over three years with 5 out of these top ten customers.
Their R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype designing. Their R&D department independently develops ODM designs and verifies and develops OEM designs received from customers and converts such designs into deliverable products by improving the designs, recommending suitable raw materials and testing of trial products. As on this date of Prospectus, their R&D team consists of 2 members, Pranay Patil & Nitin Lahare, each holding degree in bachelors of engineering (electronics & telecommunication engineering).
Kundan Edifice manufacturing operations are a key driver of their business. They have two manufacturing and assembly facilities in the state of Maharashtra with one located in Vasai and other in Bhiwandi. Their modern and state-of-art manufacturing facilities are equipped with high quality machinery, assembly lines and full power backup that enable us to meet the quality requirements of their customers in a timely manner. In line with their focus to provide end-to-end product solutions and to develop better control on their supply chain and improve their margins, thet have backward integrated some of their major manufacturing processes, such as SMT lines, moulding machines, extrusion lines and other related processes.
Objects of the Issue:
- Meeting incremental working capital requirements
- General corporate purposes
Kundan Edifice IPO Review
- May Apply
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|
|Anchor Investors in IPO:||Click Here|
Kundan Edifice IPO Market Lot
The Kundan Edifice IPO minimum market lot is 1200 shares with a ₹109,200 application amount.
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 Form
How to apply Kundan Edifice IPO? You can apply Kundan Edifice IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Kundan Edifice IPO in the Invest section. The other option you can apply Kundan Edifice IPO via IPO forms download via the NSE website. Check out the Kundan Edifice forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Kundan Edifice Company Financial Report
|₹ in Crores|
Kundan Edifice IPO Valuation – FY2023
Check Kundan Edifice IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹6.84 per Equity Share|
|Price/Earning P/E Ratio:||13.30|
|Return on Net Worth (RoNW):||63.28%|
|Net Asset Value (NAV):||₹10.81 per Equity Share|
- Divyansh Mukesh Gupta
- Vijaya Mukesh Gupta
Kundan Edifice IPO Registrar
Cameo Corporate Services Limited
Email: [email protected]
Kundan Edifice IPO Allotment Status
Check Kundan Edifice IPO allotment status on Cameo Corporate website URL. Click Here
Kundan Edifice IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Phone: +91 7030919707
Email: [email protected]