Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, Sep 6, 2023 - Fri, Sep 8, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 6, 2023
IPO Close
Fri, Sep 8, 2023
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹21.76 Cr
| IPO Date | 6 to 8 Sep, 2023 |
| Listed on | Fri, Sep 15, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,20,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 40,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.3200 Cr) |
| Fresh Issue (Ex Market Maker) | 6,80,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 6,80,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 27,20,000 shares |
| BSE Script Code | 543979 |
| ISIN | INE04T901017 |
Kahan Packaging IPO comprises a total issue size of 7,20,000 shares. The net offer to the public is 6,80,000 shares, after excluding 40,000 shares allotted on a firm basis. Of the Net offer 3,39,200 (49.88%) allocated to NII 3,40,800 (50.12%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,39,200 | 49.88% | 47.11% |
| Retail Shares Offered | 3,40,800 | 50.12% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,000 | 5.56% | |
| Total Shares Offered | 7,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 14.49 | 9.75 | 8.98 | 10.47 |
| Total Income | 17.56 | 15.91 | 12.13 | 13.58 |
| Profit After Tax | 1.03 | 0.20 | 0.02 | 0.01 |
| NET Worth | 1.73 | 0.70 | 0.50 | 0.48 |
| Reserves and Surplus | 0.73 | 0.20 | -0.00 | -0.02 |
| Total Borrowing | 7.74 | 6.17 | 4.42 | 4.91 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements; | 4.00 |
| 2 | General Corporate Purpose | 0.94 |
| KPI | |
|---|---|
| ROE | 85.28% |
| ROCE | 19.77% |
| Debt/Equity | 4.48 |
| RoNW | 59.79% |
| PAT Margin | 5.90% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.34 | |
| P/E (x) | 7.74 | 21.1 |
| Promoter Holding | 99.95% | 73.49% |
| Market Cap | ₹21.76 Cr. |
The Kahan Packaging IPO is subscribed 730.45 times on September 8, 2023 7:02:00 PM (Day 3). The public issue subscribed 1,042.37 times in the retail category, [.] times in the QIB category, and 405.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 405.59 | 3,39,200 | 13,75,77,600 |
| Retail | 1,042.37 | 3,40,800 | 35,52,40,000 |
| Total | 730.45 | 6,80,000 | 49,67,04,000 |
Total Application : 2,34,798
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.46 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹152.00 |
| High | ₹159.60 |
| Last Trade | ₹159.60 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Kahan Packaging IPO is a SME IPO of 7,20,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 6, 2023, and closes on Fri, Sep 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 Wed, Sep 6, 2023 and closes on Fri, Sep 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 Fri, Sep 15, 2023. Check the Kahan Packaging IPO allotment status.
The Kahan Packaging IPO listing date is on Fri, Sep 15, 2023.
