Kundan Edifice IPO Date, Review, Price, Allotment Details

Kundan Edifice IPO Details: Kundan Edifice IPO date is fixed, The IPO will open on September 12 and will close on September 15. Kundan Edifice is an NSE SME IPO to raise ₹25.22 crores via IPO. The Kundan Edifice IPO price band is fixed at ₹91 with a market lot of 1200 shares.

Kundan Edifice IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹109,200
Retail Maximum11200₹109,200
S-HNI Minimum22400₹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

You can check IPO subscription status and IPO allotment status on their respective pages.

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
YearRevenueExpensePAT
2021₹15.22₹14.41₹0.77
2022₹32.51₹30.75₹1.68
2023₹60.46₹53.48₹5.13

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

Peer Group

  • NA

Company Promoters

  • Divyansh Mukesh Gupta
  • Vijaya Mukesh Gupta

Kundan Edifice IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/

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

Company Address

Kundan Edifice Limited
Gala A/ B, Ganesh Industrial Estate,
behind Burma Shell Petrol Pump,
Vasai East, Palghar – 401208
Phone: +91 7030919707
Email: [email protected]
Website: http://www.kundanedifice.com/

Kundan Edifice IPO FAQs


What is Kundan Edifice IPO?

Kundan Edifice IPO is an NSE SME IPO. They are going to raise ₹25.22 Crores via IPO. The issue is priced at ₹91 per equity share. The IPO is to be listed on NSE.

When Kundan Edifice IPO will open?

The IPO is to open on September 12, 2023 for QIB, NII, and Retail Investors.

What is Kundan Edifice IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Kundan Edifice IPO?

You can apply Kundan Edifice IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Kundan Edifice IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Kundan Edifice”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Kundan Edifice IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kundan Edifice”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Kundan Edifice IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Kundan Edifice”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Kundan Edifice IPO Size?

Kundan Edifice IPO size is ₹25.22 crores.

What is Kundan Edifice IPO Price Band?

Kundan Edifice IPO Price Band is ₹91 per equity share.

What is Kundan Edifice IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹109,200.

What is Kundan Edifice IPO Allotment Date?

Kundan Edifice IPO allotment date is September 21, 2023.

What is Kundan Edifice IPO Listing Date?

Kundan Edifice IPO listing date is September 26, 2023. The IPO to list on NSE SME.

Note: The Kundan Edifice IPO details are announced officially. The IPO grey market premium (Kundan Edifice IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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