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Kahan Packaging IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. To meet working capital requirements, and
  2. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2021-22FY 2020-21FY 2019-20
Net Worth69.5349.7548.19
Total Assets975.15898.331,046.79
Reserve & Surplus19.53(0.25)(1.81)
Total Borrowings616.58442.29490.93
Total Revenue1,590.631,212.811,357.76
Profit After Tax19.771.571.05
(Amount in ₹ Lakh)

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 TypeFixed Price Issue IPO
IPO Price₹ 80 per share
Face Value₹ 10 per share
Market Lot1,600 shares
Issue Size720,000 shares (aggregating up to ₹ 5.76 crores)
Fresh Issue720,000 shares (aggregating up to ₹ 5.76 crores)
Listing AtBSE SME

Market Maker detail

Market maker portion40,000 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50%
Retail shares offeredNot 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 DateSeptember 6, 2023
Closing DateSeptember 8, 2023
Basis of AllotmentSeptember 13, 2023
Initiation of RefundsSeptember 14, 2023
A credit of shares to Demat A/cSeptember 15, 2023
Listing DateSeptember 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 128,000
Retail (Maximum)11,600₹ 128,000
HNI (Minimum)23,200₹ 256,000

Promoters Holdings 

Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia are the promoters of the company.

Pre-issue Shares Holdings99.95%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationKahan Packaging Limited
212, Jhalawar Service Premises, E S Patanwalla Compound,
LBS Marg, Ghatkopar West, Mumbai – 400086
Phone: +91 22-25004605
Email: [email protected]
Website: https://kahanpackaging.com/
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/queries/
IPO Lead Manager(s)Hem Securities Limited

FAQs

The Kahan Packaging IPO price is ₹ 80 per share.

The minimum investment size is one lot for retail investors. One lot of the Kahan Packaging IPO contains 1,600 shares of ₹ 128,000.

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.

The Kahan Packaging IPO shares listing date is September 18, 2023.

Click here for more FAQs.

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