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IPO

IPO Details


Kundan Edifice Ltd
Registered Office: Gala A/B,Ganesh Inds Estate-, behind Burma Shell Petrol Pump, Palghar - 401208, Maharashtra
Phone: +91 7030919707
Email: cs@kundanedifice.com
Website: www.kundanedifice.com
Initial public issue of 27,72,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Kundan Edifice Limited (The Company or the Issuer) for cash at a price of Rs. 91 per equity share (the Issue Price), (including a premium of Rs. 81 per equity share), aggregating Rs. 25.23 crores (The Issue), of which 1,41,600 equity shares of face value of Rs. 10/- for cash at a price of Rs. 91 each aggregating Rs. 1.29 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 20,30,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 91 per equity share, aggregating to Rs. 23.94 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.99 % and 25.61 % respectively of the post issue paid up equity share capital of the company. *Subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10/- each and the issue price is 9.1 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
12-Sep-2023 15-Sep-2023 ₹ 91.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 21.54 Fedex Securities Pvt Ltd
Project Financed through Current Offer 25.23
Post Issue Equity Share Capital 10.27
Issue Price ₹91.00
Projects
Meeting incremental working capital requirements
General corporate purposes
Promoted By
Divyansh Mukesh Gupta
Vijaya Mukesh Gupta
Listing At
NSE - SME
Registrar to the Issue
Cameo Corporate Services Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

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NASDAQ

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