IPO : Kundan Edifice Limited
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.
Thank you for reading this post, don't forget to subscribe!| SYMBOL | KEL |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | September 12, 2023 (Tuesday) |
| ISSUE CLOSES ON | September 15, 2023 (Friday) |
| ISSUE PRICE | Rs.91 per share |
| ISSUE SIZE | Up to Rs.25.22 Crores |
| FACE VALUE | Rs.10 per share |
Kundan Edifice is primarily an original design manufacturer (“ODM”) and design, develop, manufacture, and supply products to customers who then further distribute these products under their own brands. 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.
| MINIMUM BID | 1200 shares |
| MINIMUM AMOUNT | Rs.1,09,200 |
| MAXIMUM BID | 1200 shares |
| MAXIMUM AMOUNT | Rs.1,09,200 |
| PROMOTER HOLDING | 72.28 % (Post-issue) |
| LISTING DATE | September 26,2023 (Tuesday) |
| LISTING AT | NSE-SME |
The company has two manufacturing and assembly facilities in the state of Maharashtra located in Vasai and Bhiwandi. As of August 31, 2023, Kundan employs over 311 employees in its manufacturing facilities, including contract workers.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Meeting incremental working capital requirements; and
- General corporate purposes.
-
- SMART IPO using UPI, you can now apply online
For Existing Clients : https://gudwil.in/IPO
Open an account : https://gudwil.in/smartFurther any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,
Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer
- SMART IPO using UPI, you can now apply online