Basis of Allotment

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

wpe17.jpg (2159 bytes) KUNDAN EDIFICE LIMITED
Corporate Identification Number: U36100MH2010PLC206541

Our Company was originally incorporated as "Kundan Edifice Private Limited" underthe provisions of the Companies Act, 1956 on August 12,2010, issued by the Assistant Registrar of Companies, Maharashtra, Mumbai. Further, pursuant to change in the object clause of MOA of our Company, a fresh certificate of incorporation was issued by Registrar of Companies, Mumbai on November 29,2022. Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on April 05,2023, and consequently, the name of our Company was changed to 'Kundan Edifice Limited1, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated May 08,2023, was issued by the RoC to our Company.

Registered Office: Gala No. A/B, Ganesh Industrial Estate, Behind Burma Shell Petrol Pump, Vasai East, Palghar, Thane - 401208, Maharashtra, India. / Mob No: +91-7030919707
Email Id: cs@kundanedifice.com | Website: www.kundanedifice.com
Contact Person: Rashmi Jugal Karnani, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: DIVYANSH MUKESH GUPTA & VIJAYA MUKESH GUPTA
THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO DE LISTED ON SME PLATFORM OF NSE ('NSE EMERGE")

Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the EMERGE Platform of NSE Limited ("NSE") and trading of the Equity Shares Allotted pursuant to the Issue is expected to commence on or about September 26,2023.

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 27,72,000 EQUITY SHARES OF FACE VALUE OFRs. 10/- EACH ("EQUITY SHARES") OF KUNDAN EDIFICE LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OFRs. 91 PER EQUITY SHARE (THE "ISSUE PRICE"), (I`NCLUDING A PREMIUM OFRs. 81 PER EQUITY SHARE), AGGREGATINGRs. 2522.52 LAKHS ("THE ISSUE"), OF WHICH 1,41,600 EQUITY SHARES OF FACE VALUE OFRs. 1 0 /-FOR CASH AT A PRICE OFRs. 91 EACH AGGREGATINGRs. 128.86 LAKHS 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 26,30,400 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 91 PER EQUITY SHARE, AGGREGATING TO Rs. 2393.66 LAKHS 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 POSTISSUE PAID UP EQUITYSHARE CAPITAL OFTHECOMPANY.FORTHEFACEVALUEOFTHEEQUITYSHARES ISRs. 1 0.00 /-EACH AND THE ISSUE PRICE ISRs. 9 1 .00 /-PER EQUITY SHARE.

RISKS TO INVESTORS

1.0ur Company, and group companies are party to certain litigation and claims. Any adverse decision may make us liable to liabilities/penalties and may adversely affect our reputation, business and financial status

2. We are highly dependent on certain key customers for a substantial portion of our revenues. Loss of relationship with any of these may have a material adverse effect on our profitability and results of operations.

3. The markets in which our customers compete are characterized by consumers and their rapidly changing preferences and other related factors including lower manufacturing costs and therefore as a result our Company may be affected by any disruptions in the industry.

4. We do not own our registered office, manufacturing units from which we carry out our business activities. Disruption of our licensee/ lessee or termination of the agreements with our licensors/ lessors would adversely impact our manufacturing operations and, consequently, our business.

5.0ur success is dependent on our management, skilled manpower. Our inability to attract and retain key personnel or the loss of services of our Promoter Director may have an adverse effect on our business prospects.

6.Shortages in, or rises in the prices of, raw materials or components for products we manufacture, which account for majority of our costs, may adversely affect our business.

7.Details of Weighted Average Cost of Acquisition (WACA) of all shares transacted over the trailing eighteen months from the date of Prospectus:

WEIGHTED AVERAGE PRICE AT WHICH THE EQUITY SHARES WERE ACQUIRED BY OUR PROMOTER IN THE ONE YEAR PRECEDING THE DATE OF THIS PROSPECTUS

The weighted average price at which the equity shares were acquired by our Promoters in the one year preceding the date of this Prospectus.

Name Number of Shares Average Cost of Acquisition per Equity Share (in Rs.) * #
Divyansh Gupta 33,00,000(1)(2) Nil
Vijaya Gupta 20,25,000(1) Nil

*As certified by Mis. AMS & Co., Chartered Accountants, pursuant to their certificate dated September 05, 2023

# As adjusted for sub-division of Equity Shares. customers (1) Acquisition of Equity Shares was undertaken pursuant to transfer of shares through gift dated February 0 1 ,2 0 2 3 of Equity shares and bonus issue on March 312023, in the ratio 1:1.5 i.e.; one decimal five Equity Shares for every one existing Equity Share held. Hence the acquisition price is nil.

(2) Subtracting the 1000,1000& 1000 Equity shares transfer to Nisha Zulfikar Halani, ArchanaV Maheshwari and Anurag Agrawal, respectively for a cash of Rs. 260/- each, dated March 08,2023.

(3) Acquisition of Equity Shares was undertaken pursuant to transfer of shares through gift dated Febmary 01, 2023 of Equity shares and bonus issue rights as on March 31, 2023, in the ratio 1:1.5 i.e.; one decimal five Equity Shares for every one existing Equity Share held. Hence the acquisition price is nil.

The Issue Price is Rs. 91.00/- per Equity Share.

The Issue Price (is determined by our Company in consultation with the Lead Manager) as stated in the chapter titled on "Basis for Issue Price" beginning on page 87 of the Prospectus should not be taken to be indicative of the market price of the equity shares after the equity shares are listed. No assurance can be given regarding an active and/or sustained trading in the equity shares of our company nor regarding the price at which the equity shares will be traded after listing.

8. AVERAGE COST OF ACQUISITON

The average cost of acquisition per Equity Share to our Promoters as at the date of this Prospectus is:

Name Number of Shares Average Cost of Acquisition per Equity Share (in Rs.) * #
Divyansh Gupta 45,00,000"' 1.71
Vijaya Gupta 20,25,000 9.89

*As certified by Mis. AMS & Co., Chartered Accountants, pursuant to their certificate dated September 0 5 ,2 0 2 3 bearing

# As adjusted for sub-division of Equity Shares.

(1) Subtracting the 1000,1000 & 1000 Equity shares transferred to Nisha Zulfikar Halani, Archana V Maheshwari and Anurag Agrawal, respectively for a cash of Rs. 2601- each, dated March 08,2023.

The Issue Price is Rs. 91.00/- per Equity Share

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10.00/- EACH AND THE ISSUE PRICE IS Rs. 91/- PER EQUITY SHARE
THE ISSUE PRICE IS 9.1 TIMES OF THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: SEPTEMBER 12, 2023
ISSUE CLOSED ON: SEPTEMBER 15, 2023 PROPOSED LISTING

The Equity Shares of the Company offered through the Prospectus dated September 05,2023 are proposed to be listed on the EMERGE Platform of NSE Limited ("NSE EMERGE") in terms of the Chapter IX of SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received In-Principle Approval Letter dated August 18,2023 from NSE for listing our shares and also for using its name in the offer document for listing of our shares on EMERGE Platform of NSE Limited. It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Issue Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to referto the Prospectus forthe full text of the "Disclaimer Clause of the EMERGE Platform of NSE Limited" on page 250 of the Prospectus. For the purpose of this issue the Designated Stock Exchange will be NSE Limited ("NSE"). The trading is proposed to be commenced on or about September 26,2023 (Subject to receipt of listing and trading approval from NSE).

This issue is being made through Fixed Price Process in terms of Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations") as amended and Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"). According to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, the allocation in the Net Issue to the Public category is made as follows: (a) minimum 50% of the net issue of shares shall be allocated to Retail Individual Investors and (b) remaining to: (i) Individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

If the retail individual investor category is entitled to more than allocated portion on proportionate basis, accordingly the retail individual investors shall be allocated that higher percentage. Forfurther details, please referto chaptertitled "Issue Structure" beginning on page no. 270 of the Prospectus.

All investors have participated in this issue through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs") / Sponsor Bank as the case may be.

SUBSCRIPTION DETAILS

DETAILS OFTHE APPLICATION:

The Issue has received 73,834 applications for 13,06,99,200 Equity Shares (Including Market Maker Application of 1,41,600 Equity Shares) resulting 47.15 times subscription.

The details of the applications received in the Issue from Retail Individual Investors, Non-lnstitutional Investors and Market Maker (before and after technical rejections & withdrawal) are as follows:

DETAILS OF APPLICATIONS RECEIVED (before technical rejection)

Category Number of applications Number of equity shares applied Number of equity shares reserved as per Prospectus Number of times subscribed
Retail Individual Investor's 48,773 5,85,27,600 13,15,200 44.50
Other than Retail Individual Investor's 4,943 4,69,35,600 13,15,200 35.69
Market Maker 1 1,41,600 1,41,600 1
TOTAL 53,717 10,56,04,800 27,72,000 -

DETAILS OF VALID APPLICATIONS:

Category Gross Less: Rejections Valid
No. of applications No. of equity shares No. of applications No. ol equity shares No. of applications No. of equity shares
Retail Individual Investor's 48,773 5,85,27,600 1,115 13,38,000 47,658 5,71,89,600
Other than Retail Individual Investor's 4,943 4,69,35,600 64 2,34,000 4,879 4,67,01,600
Market Maker 1 1,41,600 - - 1 1,41,600
TOTAL 53,717 10,56,04,800 1,179 15,72,000 52,538 10,40,32,800

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e NSE Limited on September 20,2023.

Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 91.00/- per Equity Share, was finalised in consultation with NSE EMERGE. The category was subscribed by 1 time. The total number of shares allotted in this category is 1,41,600 Equity shares in full out of reserved portion of 1,41,600 Equity Shares.

C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 91.00/- per Equity Share, was finalized in consultation with NSE EMERGE. The category was subscribed by 39.48 times. The total number of shares allotted in this category is 14,48,400 Equity shares out of reserved portion of 13,15,200 Equity Shares.

Sr. No. No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each Retail Individual Investors % to total Ration of allottees to applicants Number of successful applicants (after rounding) %to total Total No. of shares allocated/alloted %to total
1 1,200 47,658 100 5,71,89,600 100 1207:47658 1,207 100 14,48,400 100
Grand Total 47,658 100 5,71,89,600 100 - 1,207 100 14,48,400 100

0. Allocation to Non- Retail Individual Investors (After Technical Rejections : The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs. 91.00/- per Equity Share, was finalized in consultation with NSE EM ERGE. The category was subscribed by 39.51 times. The total number of shares allotted in this category is 11,82,000 Equity shares out of reserved portio i of 13,15,200 Equity Shares.

Sr. No. No. of Shares applied for (Category wise) Number of applications received %to total Total No. of Shares  applied in each Retail Individual Investors %to total

Ration of allottees to applicants

 Number of successful applicants (after rounding) %to total Total No. of shares allocated/alloted %to total
1 2400 3686 75.55 8846400 18.94 187 3686 187 35.02 224400 18.98
2 3600 213 4.37 766800 1.64 16 213 16 3 19200 1.62
3 4800 168 3.44 806400 1.73 17 168 17 3.18 20400 1.73
4 6000 98 2.01 588000 1.26 12 98 12 2.25 14400 1.22
5 7200 28 0.57 201600 0.43 4 28 4 0.75 4800 0.41
6 8400 30 0.61 252000 0.54 5 30 5 0.94 6000 0.51
7 9600 23 0.47 220800 0.47 5 23 5 0.94 6000 0.51
8 10800 67 1.37 723600 1.55 15 67 15 2.81 18000 1.52
9 12000 259 5.31 3108000 6.66 66 259 66 12.36 79200 6.7
10 13200 21 0.43 277200 0.59 6 21 6 1.12 7200 0.61
11 14400 24 0.49 345600 0.74 7 24 7 1.31 8400 0.71
12 15600 13 0.27 202800 0.43 4 13 4 0.75 4800 0.41
13 16800 8 0.16 134400 0.29 3 8 3 0.56 3600 0.3
14 18000 9 0.18 162000 0.35 3 9 3 0.56 3600 0.3
15 19200 5 0.1 96000 0.21 2 5 2 0.37 2400 0.2
16 20400 5 0.1 102000 0.22 2 5 2 0.37 2400 0.2
17 21600 11 0.23 237600 0.51 5 11 5 0.94 6000 0.51
18 22800 7 0.14 159600 0.34 3 7 3 0.56 3600 0.3
19 24000 22 0.45 528000 1.13 11 22 11 2.06 13200 1.12
20 25200 7 0.14 176400 0.38 4 7 4 0.75 4800 0.41
21 26400 3 0.06 79200 0.17 2 3 2 0.37 2400 0.2
22 27600 2 0.05 55200 0.12 1 2 1 0.19 1200 0.11
23 28800 4 0.08 115200 0.25 2 4 2 0.37 2400 0.2
24 30000 6 0.12 180000 0.39 4 6 4 0.75 4800 0.41
25 31200 12 0.25 374400 0.8 8 12 8 1.5 9600 0.81
26 32400 2 0.05 64800 0.14 1 2 1 0.19 1200 0.11
27 33600 4 0.08 134400 0.29 3 4 3 0.56 3600 0.3
28 34800 3 0.06 104400 0.22 2 3 2 0.37 2400 0.2
29 36000 9 0.18 324000 0.69 7 9 7 1.31 8400 0.71
30 37200 3 0.06 111600 0.24 2 3 2 0.37 2400 0.2
31 38400 6 0.12 230400 0.49 5 6 5 0.94 6000 0.51
32 39600 1 0.02 39600 0.08 1 1 1 0.19 1200 0.11
33 40800 2 0.05 81600 0.17 1 1 2 0.37 2400 0.2
34 42000 8 0.16 336000 0.72 7 8 7 1.31 8400 0.71
35 43200 3 0.06 129600 0.28 1 1 3 0.56 3600 0.3
36 44400 7 0.14 310800 0.67 1 1 7 1.31 8400 0.71
37 45600 1 0.02 45600 0.1 1 1 1 0.19 1200 0.11
38 46800 3 0.06 140400 0.3 1 1 3 0.56 3600 0.3
39 48000 2 0.05 96000 0.21 1 1 2 0.37 2400 0.2
40 49200 2 0.05 98400 0.21 1 1 2 0.37 2400 0.2
41 51600 1 0.02 51600 0.11 1 1 1 0.19 1200 0.11
42 52800 2 0.05 105600 0.23 1 1 2 0.37 2400 0.2
43 54000 3 0.06 162000 0.35 1 1 3 0.56 3600 0.3
44 55200 5 0.1 276000 0.59 1 1 5 0.94 6000 0.51
45 0 0 0 0 0 1 5 1 0 1200 0.11
46 57600 1 0.02 57600 0.12 1 1 1 0.19 1200 0.11
47 58800 1 0.02 58800 0.13 1 1 1 0.19 1200 0.11
48 60000 2 0.05 120000 0.26 1 1 2 0.37 2400 0.2
49 0 0 0 0 0 1 2 1 0.18 1200 0.2
50 61200. 6 0.12 367200 0.79 1 1 6 1.12 7200 0.61
51 0 0 0 0 0 2 6 2 0 2400 0.2
52 62400 1 0.02 62400 0.13 1 1 1 0.19 1200 0.11
53 66000 3 0.06 198000 0.42 1 1 3 0.56 3600 0.3
54 0 0 0 0 0 1 3 1 0 1200 0.11
55 72000 1 0.02 72000 0.15 1 1 1 0.19 2400 0.2
56 73200 1 0.02 73200 0.16 1 1 1 0.19 2400 0.2
57 75600 1 0.02 75600 0.16 1 1 1 0.19 2400 0.2
58 76800 3 0.06 230400 0.49 1 1 3 0.56 3600 0.2
59 0 0 0 0 0 2 3 2 0 2400 0.1
60 79200 2 0.05 158400 0.34 1 1 2 0.36 2400 0.2
61 0 0 0 0 0 1 2 1 0 1200 0.11
62 82800 2 0.05 165600 0.35 1 1 2 0.36 2400 0.2
63 0 0 0 0 0 1 2 1 0 1200 0.11
64 84000 1 0.02 84000 0.18 1 1 1 0.19 2400 0.2
65 85200 1 0.02 85200 0.18 1 1 1 0.19 2400 0.2
66 87600 1 0.02 87600 0.19 1 1 1 0.19 2400 0.2
67 94800 1 0.02 94800 0.2 1 1 1 0.19 2400 0.2
68 96000 1 0.02 96000 0.21 1 1 1 0.19 2400 0.2
69 97200 1 0.02 97200 0.21 1 1 1 0.19 2400 0.2
70 102000 1 0.02 102000 0.22 1 1 1 0.19 2400 0.2
71 104400 1 0.02 104400 0.22 1 1 1 0.19 2400 0.2
72 108000 4 0.08 432000 0.93 1 1 4 0.75 9600 0.81
73 0 0 0 0 0 1 4 1 0 1200 0.11
74 109200 2 0.05 218400 0.47 1 1 2 0.36 4800 0.41
75 0 0 0 0 0 1 2 1 0 1200 0.11
76 114000 2 0.04 228000 0.49 1 1 2 0.36 4800 0.41
77 0 0 0 0 0 1 2 1 0 1200 0.1
78 115200 1 0.02 115200 0.25 1 1 1 0.19 2400 0.3
79 118800 1 0.02 118800 0.25 1 1 1 0.19 2400 0.2
80 120000 5 0.1 600000 1.28 1 1 5 0.94 12000 1.02
81 0 0 0 0 0 3 5 3 0 3600 0.3
82 123600 1 0.02 123600 0.26 1 1 1 0.19 3600 0.3
83 134400 1 0.02 134400 0.29 1 1 1 0.19 3600 0.3
84 142800 1 0.02 142800 0.31 1 1 1 0.19 3600 0.3
85 150000 1 0.02 150000 0.32 1 1 1 0.19 3600 0.3
86 158400 1 0.02 158400 0.34 1 1 1 0.19 3600 0.3
87 159600 1 0.02 159600 0.34 1 1 1 0.19 3600 0.3
88 164400 2 0.04 328800 0.7 1 1 2 0.36 7200 0.61
89 0 0 0 0 1 2 1 0 1200 0.1
90 181200 1 0.02 181200 0.39 1 1 1 0.19 4800 0.41
91 184800 3 0.06 554400 1.19 1 1 3 0.56 14400 1.22
92 219600 1 0.02 219600 0.47 1 1 1 0.19 6000 0.51
93 222000 1 0.02 222000 0.48 1 1 1 0.19 6000 0.51
94 240000 1 0.02 240000 0.51 1 1 1 0.19 6000 0.51
95 247200 1 0.02 247200 0.52 1 1 1 0.19 6000 0.51
96 280800 1 0.02 280800 0.6 1 1 1 0.19 7200 0.61
97 330000 1 0.02 330000 0.71 1 1 1 0.19 8400 0.71
98 360000 1 0.02 360000 0.77 1 1 1 0.19 9600 0.81
99 469200 1 0.02 469200 1 1 1 1 0.19 12000 1.02
100 494400 1 0.02 494400 1.06 1 1 1 0.19 12000 1.02
101 548400 1 0.02 548400 1.17 1 1 1 0.19 14400 1.22
102 552000 1 0.02 552000 1.18 1 1 1 0.19 14400 1.22
103 570000 1 0.02 570000 1.22 1 1 1 0.19 14400 1.22
104 660000 2 0.04 1320000 2.83 1 1 2 0.36 33600 2.84
105 769200 1 0.02 769200 1.65 1 1 1 0.19 19200 1.62
106 828000 1 0.02 828000 1.77 1 1 1 0.19 20400 1.73
107 1317600 1 0.02 1317600 2.82 1 1 1 0.19 33600 2.84
108 1647600 1 0.02 1647600 3.53 1 1 1 0.19 42000 3.55
109 1650000 1 0.02 1650000 3.53 1 1 1 0.19 42000 3.55
110 2190000 1 0.02 2190000 4.69 1 1 1 0.19 55200 4.67
111 2198400 1 0.02 2198400 4.71 1 1 1 0.19 55200 4.67
112 2629200 1 0.02 2629200 5.63 1 1 1 0.19 66000 5.58
Grand Total 4879 100 46701600 100 550 100.18 1182000 100

The Board of Directors of the Company at its meeting held on September 20,2023 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE EMERGE and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.

The CAN-cum-Refund Orders and Allotment Advice and/or Notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on September 22,2023. Further, the instructions to Self-Certified Syndicate Banks being processed on September 20,2023 for unblocking fund. In case the same is not received within Four (4) days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company shall file the listing application with NSE on or before September 25,2023. The Company is in process of obtaining the listing & the trading approval from NSE and the trading is expected to commence on or about September 26,2023 Note: All capitalised terms used and not specifically defined herein shall have the same meaning as Ascribed to them in the Prospectus dated September 05, 2023.

DISCLOSURES PERTAINING TO THE LM'S TRACK RECORD ON PAST ISSUES WITH A BREAK-UP ON HANDLING OF SME IPOS AND MAIN BOARD IPOS FOR THE LAST 3 YEARS.

TYPE FY 2020-21 FY2021-22 FY 2022-23
SME IPO 2 5 8
MAIN BOARD 0 0 0

 

NOTICE TO THE INVESTORS CORRIGENDUM TO THE PROSPECTUS SEPTEMBER 05 2023 ("THE CORRIGENDUM")

With reference to the Prospectus dated September 05,2023 filed by the Company with RoC and the National Stock Exchange of India Limited in relation to the Issue, the Applicants should note the following: In the inside cover page details mentioning "The Issue" should be read as "THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 26,30,400 EQUITY SHARES" instead of "THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 20,30,400 EQUITY SHARES"

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Cameo Corporate Services Limited at www.cameoindia.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

wpe18.jpg (2539 bytes) CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road, Chennai- 600002, India.
Tel No: 044 4002 0700
Fax No: 91-44-2846 0129
E-mail Id: priya@cameoindia.com
Website: www.cameoindia.com
Investor Grievance ID: investor@cameoindia.com
Contact Person: K.Sreepiya
SEBI Registration No: INR000003753

FOR KUNDAN EDIFICE LIMITED

On behalf of the Board of Directors

Sd/-

Divyansh Mukesh Gupta
Date: September 21,2023

Chairmae and Managiug Director
Place: Mumbai, Maharashtra

DIN: 06846463

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF KUNDAN EDIFICE LIMITED.

The Equity Shares offered in this Offer have not been and will not be registered under the US Securities Act 1933, as amended (the "Securities Act") or any stale securities laws in the United States and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and m ay not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.

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