Kundan Edifice Ltd - IPO

Kundan Edifice Ltd IPO Details

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 allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 9.1 times of the face value.

Objective of issue

Meeting incremental working capital requirements. General corporate purposes.

Kundan Edifice Ltd Contact Details

Kundan Edifice Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@kundanedifice.com

Website - www.kundanedifice.com