Kundan Edifice Limited IPO
i. Kundan Edifice is an EMS Company, they are 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.
ii. The company also work with their customers to develop, manufacture and supply products that are designed by their customers. The company focus on unconventional form of lighting products i.e., LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc.
iii. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The LED strip lights or the flexible linear lights as a concept is replacing the traditional lighting like bulbs, tube lights and many other kinds of lights since the flexible linear lights have indoor as well as outdoor application.
iv. The company has two manufacturing and assembly facilities in the state of Maharashtra with one located in Vasai and other in Bhiwandi (collectively “manufacturing facilities”).
v. The Company entered into manufacturing, assembly and sale of light emitting diode (“LED”) strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc.
Our products can majorly be divided as:
i. 120LED- HV Flex
ii. 60LED- HV Flex
iii. 60LED LV Flex
iv. 120LED LV Flex
v. 180LED LV Flex
i. Long-term relationships with leading industry customers
ii. Strong focus on R&D
iii. Experienced Promoter Directors with extensive domain knowledge
iv. Well Established manufacturing facility designed to serve multiple products range
Objects of the Kundan Edifice Limited IPO:
Kundan Edifice Limited IPO Details:
|Open Date:||Sep 12 2023|
|Close Date:||Sep 15 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||25.22 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 91 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Sep 26 2023|
Promoters And Management:
Financials of Kundan Edifice Limited IPO:
Particulares ( In Lakhs )
|Revenue from Operations||1,514||3,247||6,022|
|Cost of materials consumed||999||2,379||3,672|
|Changes in inventories||-7||-162||68|
|Employee Benefits Expense||141||293||607|
|Depreciation & Amortisation||30||43||84|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Kundan Edifice Limited||60||5||4.99||18.2||91||93|
|Artemis Electricals and Projects Limited||58||7||0.26||35.9||14.9||374|
|Focus Lighting and Fixtures Limited||168||23||17.69||35.2||789||1,032|