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Kundan Edifice Ltd

Registered Office : Gala A/B,Ganesh Inds Estate-,behind Burma Shell Petrol Pump,Palghar Maharashtra 401208 Phone : +91 7030919707
Fax :

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

Opens On

Closes On

12-Sep-2023

15-Sep-2023

Money Payable On

Application

Allotment

91.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

21.54

25.23

10.27

91.00

Fedex Securities Pvt Ltd

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