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Kahan Packaging IPO is a fixed price issue of Rs 5.76 crores. The issue is entirely a fresh issue of 7.2 lakh shares.
Kahan Packaging IPO bidding started from September 6, 2023 and ended on September 8, 2023. The allotment for Kahan Packaging IPO was finalized on Wednesday, September 13, 2023. The shares got listed on BSE SME on September 15, 2023.
Kahan Packaging IPO price is ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Hem Securities Limited is the book running lead manager of the Kahan Packaging IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Kahan Packaging IPO is Hem Finlease.
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 |
| Price | ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 720,000 shares (aggregating up to ₹5.76 Cr) |
| Fresh Issue | 720,000 shares (aggregating up to ₹5.76 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,000,000 |
| Share holding post issue | 2,720,000 |
| Market Maker portion | 40,000 shares Hem Finlease |
Kahan Packaging IPO offers 720,000 shares. 339,200 (47.11%) to NII, 340,800 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 40,000 (5.56%) |
| Other Shares Offered | 339,200 (47.11%) |
| Retail Shares Offered | 340,800 (47.33%) |
| Total Shares Offered | 720,000 (100%) |
Kahan Packaging IPO opens on September 6, 2023, and closes on September 8, 2023.
| IPO Open Date | Wednesday, September 6, 2023 |
| IPO Close Date | Friday, September 8, 2023 |
| Basis of Allotment | Wednesday, September 13, 2023 |
| Initiation of Refunds | Thursday, September 14, 2023 |
| Credit of Shares to Demat | Friday, September 15, 2023 |
| Listing Date | Friday, September 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 8, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator | |||
Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia are the promoters of the company.
| Share Holding Pre Issue | 99.95% |
| Share Holding Post Issue | 73.49% |
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 |
| 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 |
The market capitalization of Kahan Packaging IPO is Rs 21.76 Cr.
| KPI | Values |
|---|---|
| ROE | 85.28% |
| ROCE | 19.77% |
| Debt/Equity | 4.48 |
| RoNW | 59.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.34 | |
| P/E (x) | 7.74 | 21.1 |
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...
The Kahan Packaging IPO is subscribed 730.45 times on September 8, 2023 7:02:00 PM. 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) |
|---|---|
| Other | 405.59 |
| Retail | 1,042.37 |
| Total | 730.45 |
Total Application : 234,798 (1,102.34 times)
| Listing Date | September 15, 2023 |
| BSE Script Code | 543979 |
| NSE Symbol | |
| ISIN | INE04T901017 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹80.00 |
| ₹152.00 |
| ₹152.00 |
| ₹159.60 |
| ₹159.60 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Kahan Packaging IPO is a SME IPO of 720,000 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 Shares.
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 Shares, and the minimum amount required is ₹128,000.
You can apply in Kahan Packaging IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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