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Kahan Packaging IPO is a fixed price issue of ₹5.76 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹5.76 crore.
Kahan Packaging IPO bidding started from Sep 6, 2023 and ended on Sep 8, 2023. The allotment for Kahan Packaging IPO was finalized on Sep 13, 2023. The shares got listed on BSE SME on Sep 15, 2023.
Kahan Packaging IPO price is ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Hem Securities Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Kahan Packaging IPO RHP for detailed Information.
| IPO Date | September 6, 2023 to September 8, 2023 |
| Listing Date | September 15, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,20,000 shares (aggregating up to ₹5.76 Cr) |
| Reserved for Market Maker | 40,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.3200 Cr) |
| Net Offered to Public | 6,80,000 shares (aggregating up to ₹5.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 27,20,000 shares |
Kahan Packaging IPO offers total 7,20,000 shares. Out of which 3,39,200 (47.11%) allocated to NII, 3,40,800 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 40,000 (5.56%) |
| NII (HNI) Shares Offered | 3,39,200 (47.11%) |
| Retail Shares Offered | 3,40,800 (47.33%) |
| Total Shares Offered | 7,20,000 (100.00%) |
Kahan Packaging IPO opens on September 6, 2023, and closes on September 8, 2023.
| IPO Open Date | Wed, Sep 6, 2023 |
| IPO Close Date | Fri, Sep 8, 2023 |
| Tentative Allotment | Wed, Sep 13, 2023 |
| Initiation of Refunds | Thu, Sep 14, 2023 |
| Credit of Shares to Demat | Fri, Sep 15, 2023 |
| Tentative Listing Date | Fri, Sep 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 8, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2016, Kahan Packaging Limited provides bulk packaging solutions to business-to-business ("B2B") manufacturers catering to different industries such as the Agro-Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry, and Food Products Industry.
Kahan Packaging manufactures and supplies Polypropylene (PP)/ High-Density Polyethylene (HDPE) Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric- UnLaminated, PP Woven Bag, PP Woven Bag with Liner, Printed Laminates for Flexible Packaging, woven polymer based products of different weight, sizes and colors as per customer's specifications.
The company manufactures all its products in-house in its manufacturing units located in Asangaon, Maharashtra. The installed production capacity of Factory-I for woven fabrics is 2,600 m.t. p.a. The Company has also expanded its business by setting up a new manufacturing unit and installing a Multicolor (up to 8 Colors) Roto-Gravure Printing Machine for flexible packaging and printing processes including polyester, Nylon, BOPP, Foil, low and high-density polyethylene polypro plane and paper with two-sided printing facilities with high-speed hot air dryers with installed production capacity of 500 m.t. p.a.
KPL recorded Rs. 1,751.79 lacs and Rs. 1,587.95 Lacs in Revenue from Operations as of March 31, 2023, and March 31, 2022, respectively.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,046.79 | 898.33 | 975.15 | 1,449.34 |
| Total Income | 1,357.76 | 1,212.81 | 1,590.63 | 1,755.93 |
| Profit After Tax | 1.05 | 1.57 | 19.77 | 103.38 |
| Net Worth | 48.19 | 49.75 | 69.53 | 172.91 |
| Reserves and Surplus | -1.81 | -0.25 | 19.53 | 72.91 |
| Total Borrowing | 490.93 | 442.29 | 616.58 | 773.90 |
The market capitalization of Kahan Packaging IPO is ₹21.76 Cr.
| KPI | Values |
|---|---|
| ROE | 85.28% |
| ROCE | 19.77% |
| Debt/Equity | 4.48 |
| RoNW | 59.79% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its boosted net profit for FY23 appears to be a window dressing to fetch fancy pricing of the IPO. Based on FY23 super earnings, the issue appears greedily priced. The small paid-up equity capital post-IPO indicates a longer gestation period for migrating to the mainboard. There is no harm in skipping this greedily priced issue. Read detail review...
| Listing Date | September 15, 2023 |
| BSE Script Code | 543979 |
| NSE Symbol | |
| ISIN | INE04T901017 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹152.00 |
| High | ₹159.60 |
| Last Trade | ₹159.60 |
Kahan Packaging Ltd.
212, Jhalawar Service Premises,
E S Patanwalla Compound,
LBS Marg, Ghatkopar West, Mumbai - 400086
Ghatkopar, Maharashtra
Phone: +91 22-25004605
Email: info@kahanpackaging.com
Website: https://kahanpackaging.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Kahan Packaging IPO is a SME IPO of 7,20,000 equity shares of the face value of ₹10 aggregating up to ₹5.76 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on September 6, 2023, and closes on September 8, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kahan Packaging IPO using UPI as a payment gateway. Zerodha customers can apply in Kahan Packaging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kahan Packaging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kahan Packaging IPO opens on September 6, 2023 and closes on September 8, 2023.
Kahan Packaging IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in Kahan Packaging IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kahan Packaging IPO will be done on Wednesday, September 13, 2023, and the allotted shares will be credited to your demat account by Friday, September 15, 2023. Check the Kahan Packaging IPO allotment status.
The Kahan Packaging IPO listing date is on Friday, September 15, 2023.
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