Kundan Edifice Limited IPO.

Are you looking for an opportunity to invest in a fast-growing company that is engaged in the manufacturing, assembly, and sale of LED strip lights?

?If yes, then you might want to check out?the IPO of Kundan Edifice Limited,?which is opening on?September 12th?and closing on?September 15th, 2023.

Kundan Edifice Limited?is a leading?original design manufacturer?(ODM) of LED strip lights in India, with two manufacturing and assembly facilities in Maharashtra. The company was?established in 2010?and has more than six years of experience in the Electronics Manufacturing Services (EMS) sector. The company designs, develops, manufactures, and supplies products to customers who then further distribute these products under their brands. The company also provides custom products as per the requirements of the customers.

The company has shown impressive growth in its revenue and profit in the last few years. For the nine months ended December 31, 2022, the company reported a revenue of Rs. 4,741.68 lakhs and a profit after tax of Rs. 469.52 lakhs, as compared to Rs. 3,250.60 lakhs and Rs. 167.82 lakhs respectively for the year ended March 31, 2022.

The company intends to utilize the net proceeds from the IPO to meet incremental working capital requirements and general corporate purposes. The IPO is a fixed price issue of Rs. 91 per share, with a lot size of 1200 shares. The total issue size is Rs. 25.22 crores, which will constitute 26.99% of the post-issue paid-up equity.

The IPO is expected to list on the NSE SME platform on September 26, 2023. If you are interested in applying for this IPO, you can visit this link for more details and analysis.

Don’t miss this chance to be a part of the growth story of Kundan Edifice Limited, a company that is lighting up the world with its innovative LED products!

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For more details, apply online, and learn more about its products and services.

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