Kahan Packaging SME IPO is a fresh issue of 720,000 equity shares of face value of Rs. 10 each, aggregating to Rs. 5.76 crore. The issue is priced at Rs. 80 per share. The minimum application size is 1600 shares. The IPO opens for subscription on September 6, 2023, and closes on September 8, 2023. The shares are proposed to be listed on the BSE SME.
Kahan Packaging is a Maharashtra-based manufacturer of polymer-based woven packaging products. The company has been in operation since 2007. The company’s products are used by a wide range of customers, including FMCG, pharmaceutical, and industrial companies. In the financial year 2022–23, the company’s revenue was Rs. 17.52 crore and its net profit was Rs. 1.03 crore. The company has total borrowings (including current maturities of long-term borrowings) of 7.74 crore
The proceeds from the IPO will be used to fund the company’s working capital requirements and for general corporate purposes.
Kahan Packaging IPO is being managed by Axis Capital and ICICI Securities.
Key things to know about the Kahan Packaging SME IPO:
- Issue size: 720,000 equity shares
- Price band: Rs. 80 per share
- Minimum application size: 1600 shares
- Opening date: September 6, 2023
- Closing date: September 8, 2023
- Listing date: Tentative listing date is September 18, 2023
- Lead Manager: Hem Securities Limited
- Registrar: Purva Sharegistry (India) Private Limited
- Company website: https://www.kpackltd.com
- Promoters of the company: Prashant Jitendra Dholakia and Rohit Jitendra Dholakia
If you are interested in investing in the Kahan Packaging SME IPO, you can do so through a registered broker. Some of the popular brokers that allow SME IPO investment in India are:
- Zerodha
- Upstox
The SME IPO market has been quite active in recent months. Several IPOs have been subscribed to multiple times, indicating strong investor interest in the segment.
However, it is important to do your own research before investing in any IPO and to understand the risks involved. Consider the company’s financial performance, management team, and industry prospects before making a decision.
Kahan Packaging SME IPO FAQs:
Where to find Kahan Packaging DRHP?
You can find the DRHP and RHP of the Kahan Packaging SME IPO on the BSE SME website or on the Kahan Packaging website.
BSE IPO Forms
Kahan Packaging IPO BSE IPO Forms Link