Kundan Edifice IPO — Listing Performance
Kundan Edifice IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 12 Sep 2023 |
| Listing date | 26 Sep 2023 |
| Issue price | ₹91 |
| Listing-day close | ₹78.75 (-13.46%) |
| Identifiers | NSE: KEL |
How the listing went
Kundan Edifice listed at a discount, closing its first day 13.46% below the issue price.
Kundan Edifice against every other debut on record
- Rank in 2023: 169 of 172 NSE debuts, on a -13.46% first-day close.
- 3rd percentile of 116 SME debuts in 2023 (median 20.72%).
- 27th of 28 debuts in September 2023.
- Opened 17.58% below issue, then added 4.12 points to the close.
- Day-one range ₹71.25 to ₹78.75: a 8.24% swing on the issue price.
- Listed 11 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources