
Emerging SME Services · NSE
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.
Price Band
₹91
Issue Size
₹25.22 Cr
Lot Size
1200 shares
GMP
+5.5%
Est. Listing
₹96
at current GMP
Subscribed
39.96x
overall
Open
12 Sep 2023
Close
15 Sep 2023
Allotment
20 Sep 2023
Refund
21 Sep 2023
Demat Credit
22 Sep 2023
Listing
26 Sep 2023
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
20 Sep 2023
Basis finalization
Refunds Initiate
21 Sep 2023
Mandate release
Demat Credit
22 Sep 2023
Shares in demat
Listing Debut
26 Sep 2023
Trading begins
Kundan Edifice Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹25.22 Crores. The shares are offered at a price band of ₹91 to ₹91 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,09,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-22, while un-allotted funds or UPI block mandates will be released on 2023-09-21.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.