ListedSMEKEL

Kundan Edifice Limited

Kundan Edifice Limited is a sme IPO raising ₹25 Cr at a fixed price of ₹91 a share. It listed on 26 Sept 2023 and trades at ₹76 today, −17.0% against its issue price of ₹91. It was subscribed 0.00× in total.

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₹91

Issue price

₹76

Price now

−17.0%

Since issue price

26 Sept 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹91

Cut-off price₹91

Issue size₹25 Cr

Shares per lot1200

Minimum application₹1,09,200

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0OWX01025

Bidding hours10:00 – 17:00 IST

Bidding window12 Sept 2023 – 15 Sept 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.