Kundan Edifice Ltd

(KEL)

Kundan Edifice Ltd formerly known Kundan Edifice Private Limited was incorporated on August 12 2010 issued by the Assistant Registrar of Companies Maharashtra Mumbai. Thereafter Company was converted from a private limited company to a public limited company and consequently the name of Company was changed to Kundan Edifice Limited through a fresh certificate of incorporation consequent upon conversion from private company to public company dated May 08 2023 issued by the RoC.Presently the Company is engaged into manufacturing assembly and sale of light emitting diode LED strip lights. As an Original Design Manufacturer ODM the Company design develop manufacture and supply products to customers who then distribute these products under their own brands. It 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. 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.In 2014 the Company ventured into assembly and sale of LED lighting business. Once Current Promoter Divyansh Gupta took control of the Company since 2016 it commenced business operations into manufacturing assembly and sale of light emitting diode LED Strips Lights. As of now the Company has expanded product portfolio within its primary product customer base and gained technological expertise in designing and manufacturing of products.The Company has two manufacturing and assembly facilities in the State of Maharashtra with one located in Vasai and other is in Bhiwandi which are a key driver of business operations. In line to provide endtoend product solutions and to develop better control on supply chain and improve margins it has a backward integration in some of major manufacturing processes such as SMT lines moulding machines extrusion lines and others. Apart from these the Company expanded the business cycle through installation of new machines in year 2020. It enhanced new manufacturing unit of machinery in Bhiwandi in 2021. As of now the Company has planned a Public Offer of issuing upto 3065000 Equity Shares through Fresh Issue..

Share Price: ₹180.00 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹185.97Cr as of today
Listing date: 26 Sep, 2023