Kundan Edifice Limited ventured into the assembly and sale of lighting products in Fiscal 2014. Under the leadership of the current promoter, Divyansh Gupta, who assumed control of the company in Fiscal 2016, the business operations shifted towards the manufacturing, assembly, and sale of light-emitting diode (“LED”) strip lights.
Kundan Edifice Limited positions itself as a trusted electronics manufacturing services (“EMS”) company, offering end-to-end solutions in its operational area. As an EMS company, they primarily function as an original design manufacturer (“ODM”), designing, developing, manufacturing, and supplying products to customers who then distribute these products under their own brands. Kundan Edifice Limited also collaborates with customers to produce products designed by the customers themselves.
The company has its specialty in unconventional lighting items such as LED strip lights, which have uses in various fields such as real estate, transportation, and decorative lighting. Traditional lighting sources like bulbs and tube lights are being replaced by these LED strip lights due to their versatility for both indoor and outdoor use.
Kundan Edifice Limited boasts a strong track record of customer retention, with approximately 45.20% of revenues in the nine-month period ended December 31, 2022, and 65.31% of revenues in Fiscal 2022 derived from repeat customers. In Fiscal 2022, the company maintained relationships for over three years with five of its top ten customers.
Kundan Edifice Limited’s Research and Development (R&D) unit concentrates on various factors which includes product design, tools and mould design, electronic circuit design, and prototype development. The R&D team, consisting of two members, Pranay Patil and Nitin Lahare, both holding bachelor’s degrees in electronics and telecommunication engineering, independently develops original ODM designs, verifies and enhances OEM designs received from customers, and converts these designs into deliverable products by improving them, suggesting appropriate raw materials, and conducting trial product testing.
Kundan Edifice Limited operates two manufacturing and assembly facilities in the state of Maharashtra, one in Vasai and the other in Bhiwandi. The company’s Modern Facilities are well equipped with high-quality machinery, assembly lines, and full power backup which helps the company to meet customer’s quality requirements within the time limit. They gain better control over their supply chain and also improve margins by using a strategy to provide end-to-end product solutions, SMT lines, moulding equipment, extrusion lines, and other important manufacturing processes that have all been backward integrated by the company. By using this effort Kundan Edifice Limited has improved cost efficiency, reduced dependence on third-party suppliers, and also improved control over production time and the quality of critical components which are used in product manufacturing.
As of April 30, 2023, Kundan Edifice Limited employs over 277 employees in its manufacturing facilities, including contract workers.
Along with focusing on superior production, the company is committed to implementing the best environmental, health, and safety practices into its operations. In order to encourage ecologically friendly practices and minimise their overall environmental impact, they also interact with their suppliers. To detect and reduce risks, Kundan Edifice Limited operates a continuous audit system that includes both internal and external quality audits. Their facilities are certified to ISO 9001:2015 standards for quality management systems.
Kundan Edifice Limited IPO Complete Details:
Kundan Edifice Limited IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF Kundan Edifice Limited is Around 06 Rs.
Objects Of Issue:
- Meeting the incremental working capital requirements; and
- Pursuing general corporate purposes
Promoters:
Divyansh Mukesh Gupta serves as the Managing Director and Chairman of the Board of the Company. He holds a bachelor’s degree in commerce from the University of Mumbai. With a tenure on the Board since April 1, 2015, he brings over 6 years of experience in the Company’s line of business.
Vijaya Mukesh Gupta, aged 54, is the Promoter of the Company. She holds a Bachelor of Arts degree from Patna University.
FAQs:
When Kundan Edifice Limited’s IPO is Opening?
Kundan Edifice Limited IPO is Opening on 12 September 2023(Tuesday).
When Kundan Edifice Limited IPO is Closing?
Kundan Edifice Limited IPO is Closing on 15 September 2023(Friday).
What is the IPO Issue Size of Kundan Edifice Limited?
The IPO Issue Size of Kundan Edifice Limited is 25.22 Crore.
Price Band of Kundan Edifice Limited IPO?
Kundan Edifice Limited IPO is Fixed Priced IPO at 91 rs. per share.
What is the minimum investment for Kundan Edifice Limited IPO?
The minimum investment for Kundan Edifice Limited IPO is 109,200 Rupees.
Allotment Date of Kundan Edifice Limited IPO?
The Allotment of Kundan Edifice Limited IPO is on 21 September 2023(Thursday).
Listing Date of Kundan Edifice Limited IPO?
The Listing Of Kundan Edifice Limited is Scheduled on 26 September 2023(Tuesday).
One Should Apply Kundan Edifice Limited IPO or Not?
One can Apply for listing gains.
How to apply for Kundan Edifice Limited IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Kundan Edifice Limited IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Kundan Edifice Limited IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Kundan Edifice Limited IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Kundan Edifice Limited IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Kundan Edifice Limited IPO from the list ——–> Click on IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is Kundan Edifice Limited IPO’s Lead Manager?
Fedex Securities Pvt Ltd is the Lead Manager of Kundan Edifice Limited IPO.
Where To Check the Allotment of Kundan Edifice Limited IPO?
The allotment status for the Kundan Edifice Limited IPO will be accessible on the Cameo Corporate Services Limited Website.
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