Kundan Edifice shares listed at a 17.58% discount over the IPO price on the NSE SME on Tuesday. The share debuted at Rs 75 on the NSE SME, as compared to the issue price of Rs 91.
Kundan Edifice IPO opened for public subscription on Tuesday, September 12, 2023 and closed on Friday, September 15, 2023.
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Kundan Edifice IPO was subscribed 42.27 times. The portion for non-institutional investors received a 35.68-time subscription, and the Retail Individual Investors (RIIs) quota was subscribed 44.13 times.
The public offer comprised a fresh issue of 2,772,000 shares, aggregating up to Rs 25.22 crore, with a face value of Rs 10 per share. Investors were allowed to bid for a minimum of 1200 shares and in multiples thereof. The company intends to use the net proceeds from the IPO for meeting incremental working capital requirements and general corporate purposes.
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Incepted in the year 2014, Kundan Edifice (KEL) is one of the manufacturers and suppliers of a wide range of flexible LED Strip Lights. The company is 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. KEL started the first Indian factory with specialised focus on LED strip light. We got technologies which were not present in India.
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Since the game was first revealed in March, NetEase has steadily revealed more details about its upcoming 6v6 PvP shooter. So far, Marvel Rivals has a diverse roster of heroes and villains, with classic comic-book characters like Spider-Man, Iron Man, and Storm joining the roster alongside more sinister characters like Loki, Venom, and Hela.
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Academy Award-winning actress Natalie Portman has revealed what she believes to be among her “most important” roles ever, and her answer may not be what you’d expect. Speaking to Today, Portman said her Season 3 cameo for the episode of the animated series Bluey ranks highly among her professional acting career accolades.
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Nifty remains in a short term downtrend and has been making lower tops and lower bottoms for the last few weeks. There has been a healthy bounce back seen in the last few sessions and Nifty is now trading just below the previous swing high of 22205.
A close above 22205 will reverse the current downtrend and set the Nifty to move higher and test its life highs of 22527. Most of the sectoral indices too are showing strength, which increases the probability of a breakout on the upside.
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Reliance Industries 47th annual general meeting (AGM) on August 29 is poised to attract significant investor interest as shareholders anticipate insights into how India’s largest conglomerate plans to capitalize on emerging opportunities and drive growth.
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