Kundan Edifice Ltd. has announced public offering of 2772000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 81.00 per share. The gross proceeds of the issue are expected to be Rs 2,522.52 lakhs.

The company's initial public offer (IPO) will open on 12 September 2023 and is expected to close on 15 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2772000 Equity Shares of the Company at an price of Rs 91.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Kundan Edifice Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.