Kahan Packaging IPO vs Kundan Edifice IPO

Comparision between Kahan Packaging IPO and Kundan Edifice IPO.

IPO Details

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

	Kahan Packaging IPO	Kundan Edifice IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Fedex Securities Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kahan Packaging IPO is up to ₹5.76 Cr whereas the issue size of the Kundan Edifice IPO is up to ₹25.22 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 IPO	Kundan 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)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	7,20,000 shares	27,72,000 shares
Fresh Issue Size (Amount)	up to ₹5.76 Cr	up to ₹25.22 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,20,000 shares	27,72,000 shares
Issue Size Total (Amount)	up to ₹5.76 Cr	up to ₹25.22 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 IPO	Kundan Edifice IPO
Anchor Bid Date
Issue Open	Sep 06, 2023	Sep 12, 2023
Issue Close	Sep 08, 2023	Sep 15, 2023
Basis Of Allotment (Tentative)	Sep 13, 2023	Sep 21, 2023
Initiation of Refunds (Tentative)	Sep 14, 2023	Sep 22, 2023
Credit of Share (Tentative)	Sep 15, 2023	Sep 25, 2023
Listing date (Tentative)	Sep 15, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 13, 2023	Oct 21, 2023
Anchor Lockin End date 2	Dec 12, 2023	Dec 20, 2023

Financials

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

Kahan Packaging IPO

Kundan Edifice IPO

Financial

Kahan Packaging IPO Financial Information (Restated Standalone)
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
Revenue	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

Amount in ₹ Lakhs

Kundan Edifice IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	846.60	1,185.44	1,928.14	2,965.84
Revenue	649.70	1,522.43	3,250.60	6,046.36
Profit After Tax	4.05	77.22	167.82	513.09
Net Worth	27.68	129.90	297.72	810.81
Reserves and Surplus	-247.32	-170.10	-2.28	60.81
Total Borrowing	636.89	728.65	905.03	1,450.61

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.95%

99.00%

Promoter Shareholding (Post-Issue)

73.49%

72.28%

P/E Ratio

7.74

13.3

Market Cap

₹21.76 Cr.

₹93.48 Cr.

ROE

85.28%%

63.28%%

ROCE

19.77%%

43.69%%

Debt/Equity

4.48

1.79

EPS

₹10.34

₹6.84

RoNW

59.79%%

63.28%%

Shares Offered

In the Kahan Packaging IPO retail 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 0 shares in Kahan Packaging IPO and 0 shares in Kundan Edifice IPO.

	Kahan Packaging IPO	Kundan Edifice IPO
Anchor Investor Reserveration
Market Maker Reserveration	40,000 shares	1,41,600 shares
QIB	0 shares	0 shares
NII	3,39,200 shares	13,15,200 shares
RII	3,40,800 shares	13,15,200 shares
Employee	0 shares	0 shares
Others
Total	6,80,000 shares	26,30,400 shares

Bids Received (Subscription)

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

	Kahan Packaging IPO	Kundan Edifice IPO
QIB (times)
NII (times)	405.59x	35.68x
Big NII (times)
Small NII (times)
RII (times)	1,042.37x	44.13x
Employee (times)
Other (times)
Total (times)	730.45x	42.27x

Compare with others

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Basilic Fly Studio IPO	Jiwanram Sheoduttrai Industries IPO
C P S Shapers IPO	Unihealth Consultancy IPO
Mono Pharmacare IPO	Kahan Packaging IPO

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