Kundan Edifice Limited
ListedSMEEmerging 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
+5.5%
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
Last updated 12 days ago
Overall Subscription
39.96x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
35.78x
High Net-Worth
Retail (RII)
44.13x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,315,200 | 47,061,600 | 35.78x |
| RETAIL | 1,315,200 | 58,044,000 | 44.13x |
| Total | 2,630,400 | 105,105,600 | 39.96x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 808 | 35,657 | 44.13x |
| HNIs (10L +) | 5 | 179 | 35.78x |
| HNIs (2-10L) | 25 | 895 | 35.78x |
| Total Applications | 838 | 36,731 | 43.83x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.