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Kundan Edifice IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Palghar and caters to Electric Equipments - OEM sector. Fedex Securities Private is the merchant banker of Kundan Edifice IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th May 2023.
Kundan Edifice IPO open date is 12th September 2023 and close date is 15th September 2023. IPO Allotment Date is 21st September 2023 and Listing date is 26th September 2023.Kundan Edifice IPO size is Rs 25.22 Cr. crores with IPO price of Rs 91.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Fedex Securities Private Limited is the book-running lead manager of the Kundan Edifice IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Kundan Edifice IPO.
Kundan Edifice IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Kundan Edifice IPO, based in Palghar, operates in the Electric Equipments - OEM sector with a focus on Assembly and sale of lighting products. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Kundan Edifice IPO size is ₹ 25.22 Cr. Crores with fresh issue size of Rs 25.22 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Kundan Edifice IPO is expected to be 21st September 2023, after the finalization of basis of allotment. Investors can check Kundan Edifice IPO allotment status on the registrars website, Cameo Corporate Services Limited. Kundan Edifice IPO refund dates are 22nd September 2023.
Kundan Edifice IPO is expected to be listed on 26th September 2023.
The upper price band for the Kundan Edifice IPO is set at ₹ 91.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Kundan Edifice IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Kundan Edifice IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th September 2023. After submission, funds are blocked until the basis of allotment of Kundan Edifice IPO is finalised.
The merchant banker for Kundan Edifice IPO is Fedex Securities Private Limited . Fedex Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Kundan Edifice IPO RHP for further details.
The registrar for Kundan Edifice IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Kundan Edifice IPO through their official website or helpline.
Kundan Edifice IPO was subscribed 42.27 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 25.22 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.86 Cr.
Sector: Electric Equipments - OEM
SME IPO so far:
7
Merchant Banker:
Fedex Securities
SME IPO by BRLM so far:
47
City:
Palghar
SME IPO so far:
4
Revenue (annualised):
₹ 60.22 cr.
PE
Ratio:
18.20x
Average Sector PE Ratio: 23.48x
Kundan Edifice IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Kundan Edifice Financial Review Page
Merchant Banker(s) of Kundan Edifice IPO: Fedex Securities Private Limited
Kundan Edifice IPO subscription was 42.27 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Kundan Edifice IPO listed at a listing price of 78.75 against the offer price of 91.00.
The current market price of Kundan Edifice is 105.10.
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