Incorporated in 2010, Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light-emitting diode ("LED") strip lights.
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.
The company has two manufacturing and assembly facilities in the state of Maharashtra located in Vasai and Bhiwandi. As of April 30, 2023, Kundan employs over 277 employees in its manufacturing facilities, including contract workers.
Kundan Edifice IPO Details
Kundan Edifice IPO is a Fixed Price Issue. The IPO total issue size is Rs 25.22 Cr. The Kundan Edifice IPO price is ₹91 per share. The IPO will list on NSE SME.
| Issue Size | [.] shares
(aggregating up to ₹25.22 Cr) |
| Fresh Issue | [.] shares
(aggregating up to ₹25.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Kundan Edifice IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Kundan Edifice IPO Lead Manager(s)
Fedex Securities Pvt Ltd
Company Financials
Kundan Edifice IPO Financial Information (Restated)| Period | Mar 2020 | Mar 2021 | Mar 2022 | Dec 2022 |
| Assets | 846.60 | 1,185.44 | 1,928.14 | 2,972.07 |
| Revenue | 649.70 | 1,522.43 | 3,250.60 | 4,741.68 |
| Profit | 4.05 | 77.22 | 167.82 | 469.52 |
| Net Worth | 27.68 | 129.90 | 297.72 | 767.24 |
| Reserves | -247.32 | -170.10 | -2.28 | 467.24 |
| Borrowing | 636.89 | 728.65 | 905.03 | 1,067.33 |
Amount in ₹ Lakhs
Strength
Weakness
