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Kahan Packaging IPO vs Kundan Edifice IPO

Comparison between Kahan Packaging IPO and Kundan Edifice IPO.

IPO Details

Kahan Packaging IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kundan Edifice IPO is a SME Fixed Price proposed to list at NSE SME.

 Kahan Packaging IPOKundan Edifice IPO
LogoKahan Packaging IPO LogoKundan Edifice IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Fedex Securities Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kahan Packaging IPO is up to ₹5.44 Cr whereas the issue size of the Kundan Edifice IPO is up to ₹23.94 Cr. The final issue price of Kahan Packaging IPO is ₹80.00 per share and of Kundan Edifice IPO is ₹91.00 per share.

 Kahan Packaging IPOKundan Edifice IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹80.00 per share₹91.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size6,80,000 shares26,30,400 shares
Fresh Issue Size (Amount)up to ₹5.44 Crup to ₹23.94 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,80,000 shares26,30,400 shares
Issue Size Total (Amount)up to ₹5.44 Crup to ₹23.94 Cr

IPO Timetable

Kahan Packaging IPO opens on Sep 06, 2023, while Kundan Edifice IPO opens on Sep 12, 2023. The closing date of Kahan Packaging IPO and Kundan Edifice IPO is Sep 08, 2023, and Sep 15, 2023, respectively.

 Kahan Packaging IPOKundan Edifice IPO
Anchor Bid Date
Issue OpenSep 06, 2023Sep 12, 2023
Issue CloseSep 08, 2023Sep 15, 2023
Basis Of Allotment (Tentative)Sep 13, 2023Sep 21, 2023
Initiation of Refunds (Tentative)Sep 14, 2023Sep 22, 2023
Credit of Share (Tentative)Sep 15, 2023Sep 25, 2023
Listing date (Tentative)Sep 15, 2023Sep 26, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Kahan Packaging IPO P/E ratio is 7.74, as compared to Kundan Edifice IPO P/E ratio of 13.3.

 Kahan Packaging IPOKundan Edifice IPO
Financials
Kahan Packaging IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets1,046.79898.33975.151,449.34
Total Income1,357.761,212.811,590.631,755.93
Profit After Tax1.051.5719.77103.38
Net Worth48.1949.7569.53172.91
Reserves and Surplus-1.81-0.2519.5372.91
Total Borrowing490.93442.29616.58773.90
Amount in ₹ Lakhs
Kundan Edifice IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets846.601,185.441,928.142,965.84
Total Income649.701,522.433,250.606,046.36
Profit After Tax4.0577.22167.82513.09
Net Worth27.68129.90297.72810.81
Reserves and Surplus-247.32-170.10-2.2860.81
Total Borrowing636.89728.65905.031,450.61
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9599.00
Promoter Shareholding (Post-Issue)73.4972.28
P/E Ratio7.7413.3
Market Cap₹21.76 Cr.₹93.48 Cr.
ROE85.28%63.28%
ROCE19.77%43.69%
Debt/Equity4.481.79
EPS₹10.34₹6.84
RoNW59.79%63.28%

Shares Offered

In the Kahan Packaging IPO Retail Individual Investors (RII) are offered 3,40,800 shares while in Kundan Edifice IPO retail investors are offered 3,40,800 shares. Qualified Institutional Buyers (QIB) are offered in Kahan Packaging IPO and in Kundan Edifice IPO.

 Kahan Packaging IPOKundan Edifice IPO
Anchor Investor Reserveration
Market Maker Reserveration40,000 shares1,41,600 shares
QIB
NII3,39,200 shares13,15,200 shares
RII3,40,800 shares13,15,200 shares
Employee
Others
Total6,80,000 shares26,30,400 shares

Bids Received (Subscription)

Kahan Packaging IPO subscribed 730.45x in total, whereas Kundan Edifice IPO subscribed 42.27x.

 Kahan Packaging IPOKundan Edifice IPO
QIB (times)
NII (times)405.59x35.68x
Big NII (times)
Small NII (times)
RII (times)1,042.37x44.13x
Employee (times)
Other (times)
Total (times)730.45x42.27x