Kahan Packaging IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Kahan Packaging IPO will open on September 6 and close on September 8, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 5.76 crore through this public offering, consisting of 7.20 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 80 per share.
Kahan Packaging Limited (“the Company”)
Kahan Packaging Limited started its operations in 2016; since then, the company has offered customized bulk packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as the pesticide industry, cement industry, chemical industry, fertilizer industry, and food products industry.
It has been in the business of manufacturing and supplying polypropylene (PP) and high-density polyethylene (HDPE) woven fabric (laminated), HDPE/PP woven sacks, woven fabric (unlaminated), PP woven bags, PP woven bags with liner, printed laminates for flexible packaging, and woven polymer-based products of different weights, sizes, and colors as per the customer’s specifications.
All its products are manufactured in-house at its manufacturing units located at the amalgamated Inds Estate, near the Diamond Hotel, Mumbai-Nashik Highway, Asangaon, Tal. Shahpur, Dist. Thane, 421601, Maharashtra,
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To meet working capital requirements, and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Net Worth | 69.53 | 49.75 | 48.19 |
| Total Assets | 975.15 | 898.33 | 1,046.79 |
| Reserve & Surplus | 19.53 | (0.25) | (1.81) |
| Total Borrowings | 616.58 | 442.29 | 490.93 |
| Total Revenue | 1,590.63 | 1,212.81 | 1,357.76 |
| Profit After Tax | 19.77 | 1.57 | 1.05 |
IPO details
As per the DRHP filed with SEBI, 7.20 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 40,000 shares of the offering. While Hem Securities Limited will be the lead manager for the IPO, Purva Sharegistry India Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 80 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,600 shares |
| Issue Size | 720,000 shares (aggregating up to ₹ 5.76 crores) |
| Fresh Issue | 720,000 shares (aggregating up to ₹ 5.76 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker portion | 40,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% |
| Retail shares offered | Not less than 50% of the Offer |
GMP: Kahan Packaging IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Kahan Packaging IPO
The issue opens for subscription on September 6, 2023, and closes for subscription on September 8, 2023 (both days inclusive). The basis of allotment will be finalised on September 13, 2023, and the refunds will be initiated on September 14, 2023. In addition, the demat credits are expected to happen on September 15, 2023, and the stock will be listed on the NSE and BSE on September 18, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 6, 2023 |
| Closing Date | September 8, 2023 |
| Basis of Allotment | September 13, 2023 |
| Initiation of Refunds | September 14, 2023 |
| A credit of shares to Demat A/c | September 15, 2023 |
| Listing Date | September 18, 2023 |
Lot Size
The lot size of the Kahan Packaging IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of ₹ 128,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 128,000 |
| Retail (Maximum) | 1 | 1,600 | ₹ 128,000 |
| HNI (Minimum) | 2 | 3,200 | ₹ 256,000 |
Promoters Holdings
Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia are the promoters of the company.
| Pre-issue Shares Holdings | 99.95% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Kahan Packaging Limited 212, Jhalawar Service Premises, E S Patanwalla Compound, LBS Marg, Ghatkopar West, Mumbai – 400086 Phone: +91 22-25004605 Email: info@kahanpackaging.com Website: https://kahanpackaging.com/ |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQs
What is Kahan Packaging’s IPO price?
The Kahan Packaging IPO price is ₹ 80 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Kahan Packaging IPO contains 1,600 shares of ₹ 128,000.
When will the Kahan Packaging IPO allotment be available?
The finalisation of the basis of allotment for the Kahan Packaging IPO will be done on September 13, 2023, and the allotted shares will be credited to your demat account by September 15, 2023. Check the Kahan Packaging IPO allotment status.
When will the Kahan Packaging IPO list on exchanges?
The Kahan Packaging IPO shares listing date is September 18, 2023.
