The Kahan Packaging Initial Public Offering (IPO) started on September 6, 2023, and ended on September 8, 2023. On September 13, 2023, shares were allotted, and on September 14, 2023, refunds started to be made. On September 15, 2023, the investors’ demat accounts received credit for the shares. Kahan Packaging was finally listed on the stock market on September 18, 2023. With a lot size of 1600 shares, the price for the Kahan Packaging IPO was 80. 5.76 crores were issued in total, of which 5.76 crores were new issuance.
Kahan Packaging IPO GMP
Kahan Packaging Limited was established in 2016 with a focus on offering bulk packaging solutions to B2B producers in a variety of sectors, such as agro-pesticides, cement, chemicals, fertilizers, and food products. In terms of quota reservations, the retail quota and the other quota both had reservations for 50% of the shares.
|Company Name||Kahan Packaging Limited|
|Domain of Company||Bulk Packaging Solutions|
|Kahan Packaging IPO GMP Today||₹75|
|Kahan Packaging IPO Listing Gain||93.75%|
|Open Date||September 6, 2023|
|Close Date||September 8, 2023|
|IPO Allotment Date||September 13, 2023|
|IPO Listing Date||September 18, 2023|
|Face Value||₹10 per share|
|Price||₹80 per share|
|Lot Size||1600 Shares|
PP and HDPE woven fabric laminates, woven sacks, un-laminated woven fabric, PP woven bags, bags with liners, and printed laminates for flexible packaging are just a few of the packaging goods produced by Kahan Packaging. They provide these items in a variety of weights, sizes, and colors, all of which are made to match the individual needs of their clients.
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What is Kahan Packaging IPO GMP?
The Grey market premium (GMP) is the price at which an initial public offering (IPO) is sold on an unauthorized/illegal grey market before it is listed. The GMP illustrates potential outcomes for an initial public offering from a particular company on the day of listing. The IPO is anticipated to be lucrative while the GMP premium is positive, but when it is negative, the IPO is likely to be sold at a discount.
Being aware that IPO GMP is very volatile makes it unwise to base an investment choice entirely on Kahan Packaging SME IPO GMP. Therefore, before making an investment, carefully weigh all the relevant information and decide whether to support the Kahan Packaging SME IPO or not.
How to check Kahan Packaging IPO Allotment Status?
- Visit the official website www.kpackltd.com of the registrar or the stock exchange where the IPO was listed.
- Navigate to the IPO allotment section on the website.
- Enter the required details, such as your application number or PAN card number.
- Submit the information to check your IPO allotment status.
- The website will display whether you have been allotted shares in the Kahan Packaging IPO or not.
Expected Returns for Kahan Packaging IPO
Investors are looking at potentially lucrative profits with the most recent Grey Market Premium (GMP) for the Kahan Packaging IPO standing at 75, which is 94% of the IPO price. Investors who purchase IPO shares at this premium price may profit significantly if this premium remains when the shares are formally listed. It’s crucial to keep in mind that GMP is not a recognized indication and that listing prices might fluctuate.
Kahan Packaging Limited Company Product
- PP Woven Fabric
- PP Woven Bag
Kahan Packaging Limited IPO Competitive Strength
- Wide Range of Products
- In-house Manufacturing capabilities
- Strong relationships with customers and suppliers
- seasoned leadership team with deep domain knowledge and a proven track record of accomplishments in the business
The objective of IPO Issue
- To meet working capital requirements
- General Corporate Purpose
Kahan Packaging IPO Reservation
The IPO’s allotment is typically based on the subscription received from different categories of investors during the IPO subscription period.
- Other Shares Offered 50% of the Net Issue
- Retail Shares Offered 50% of the Net Issue
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Kahan Packaging Limited IPO Review
At its production facility in Asangaon, Maharashtra, the firm manufactures every one of these products itself. The annual output capacity of woven textiles at Factory I is 2,600 metric tons. A new production facility that is equipped with a Multi-Color Roto-Gravure Printing Machine that can print up to eight colors has also been established by Kahan Packaging as part of an expansion of its activities.
Due to this, they are able to handle flexible packaging and print on materials including paper, polyester, nylon, BOPP, foil, low and high-density polyethylene, and polypropylene. Additionally, they provide two-sided printing with 500 metric tons of annual production capacity and high-speed hot air dryers.
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