Kahan Packaging IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 06, 2023Let’s have a detailed review of the company and analytics of the Kahan Packaging IPO release date, IPO offer price, subscription, Kahan Packaging Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 80 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1600 Shares |
| Listing Date | September 18, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 576 Lakh |
| IPO Size | Rs 576 Lakh |
| Tick Size | 1 |
Kahan Packaging IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Kahan Packaging Share Price |
Kahan Packaging IPO – Summary
Their Company started its operations in the year 2016 and since then has been in the business of manufacturing and supplying 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.
They offer customized bulk packaging solutions to business-tobusiness (“B2B”) manufacturers catering to different industries such as Agro Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry, and Food Products Industry.
The Promoter of this company is Prashant Jitendra Dholakia and Rohit Jitendra Dholakia. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is Purva Sharegistry (India) Private Limited.
Kahan Packaging IPO Date
The opening and closing dates of the Kahan Packaging IPO are September 6, 2023, and September 8, 2023, respectively.
Kahan Packaging IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 6th Sep | 14.55x | 95.94x | 55.40x |
| 2nd Day – 7th Sep | 46.35x | 304.63x | 175.99x |
| 3rd Day – 8th Sep | 405.59x | 1,042.37x | 730.45x |
| Shares Offered or Net Issue | 339,200 | 340,800 | 720,000 |
The shares subscribed by the public will be updated here.
Kahan Packaging IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Kahan Packaging Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | September 13, 2023 |
| Refunds Initiation | September 14, 2023 |
| Credit of Shares to Demat Account | September 15, 2023 |
| Share Listing Date | September 18, 2023 |
Kahan Packaging IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.80
Kahan Packaging IPO Equity Size
This Initial Public Issue of 720,000 Equity Shares of Rs.10 each for cash at a price of Rs.80 per equity share aggregating to Rs.576 Lakh.
Kahan Packaging IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 720,000 Equity Shares of Rs.10/ each.
Issue Size: 720,000 Equity Shares of Rs.10 each, aggregating to Rs.576 Lakh
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Kahan Packaging IPO – Live Performance
The listing date of this IPO is September 18, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Kahan Packaging Share Price |
Kahan Packaging IPO Grey Market Premium
The Kahan Packaging Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Kahan Packaging IPO – Company Overview
HDPE/PP are two commonly used materials in the bulk packaging industry due to their benefits which include durability, lightweight, versatility, recyclability, chemical resistance, moisture resistance, cost-effectiveness, and high tear resistance which has a lower carbon footprint during transportation due to its
Presently, the installed production capacity of Factory-I for woven fabrics is 2,600 m.t. p.a. which is located in Asangaon, Maharashtra. Over the years, they have made investments, from time to time, in their manufacturing infrastructure to support their product portfolio requirements.
Recently, their Company has expanded its business set up a new manufacturing unit and installed A color (up 8 Color) 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.
Kahan Packaging IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1,449.34 | 975.15 | 898.33 |
| *Total Revenue | 1,755.93 | 1,590.63 | 1,212.81 |
| Total Expense | 1,625.25 | 1,566.08 | 1,205.44 |
| Profit After Tax | 103.38 | 19.77 | 1.57 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 10.34 | 1.98 | 0.16 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 103.38 Lakh, Rs. 19.77 Lakh and Rs. 1.57 Lakh respectively.
Kahan Packaging IPO – Promoters
The Promoter of this company is:
- Prashant Jitendra Dholakia
- Rohit Jitendra Dholakia
List of Related Parties (Key Managerial Personnel)
- Prashant Jitendra Dholakia, Chairman & Managing Director
- Rohit Jitendra Dholakia, Whole Time Director
- Purvi Prashant Dholakia, Whole Time Director & CFO
- Jagruti Rohit Dholakia, Non-Executive Director
- Naman Haresh Patel, Independent Director
Kahan Packaging IPO – Promoters Holding
- Pre-Issue Share Holding – 99.95%
- Post-Issue Share Holding – 73.49%
Kahan Packaging IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,20,000 Equity Shares aggregating up to Rs.576 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 40,000 Equity Shares aggregating up to Rs.32.00 Lakh |
| Net Issue to the Public | Up to 6,80,000 Equity Shares aggregating up to Rs.544.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,40,800 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,39,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 20,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 27,20,000 Equity Shares |
Kahan Packaging IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
Kahan Packaging IPO – Business Strategy
- Expand their domestic presence in existing and new markets
- Expand their existing product portfolio
- Focus on consistently meeting quality standards
Kahan Packaging IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide Range of Products
- In-house Manufacturing capabilities
- Strong relationships with customers and suppliers
- Experienced management team with industry expertise and a successful track record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.34 | 59.79% | 17.29 |
| 31-Mar-22 | 1.98 | 28.44% | 6.95 |
| Mar-21 | 0.16 | 3.15% | 4.98 |
Kahan Packaging IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Kahan Packaging Limited | 10 | 7.74 | 10.34 | 59.79% | 1755.93 |
| Listed Peers | |||||
| Sah Polymers Limited | 10 | 54.43 | 2.10 | 4.29% | 9721.62 |
| Rishi Techtex Limited | 10 | 17.63 | 1.51 | 3.65% | 10725.11 |
| Uflex Ltd | 10 | 11.14 | 33.75 | 8.40% | 681700.88 |
Kahan Packaging IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person: Ajay Jain SEBI Regn. No. INM000010981 |
Kahan Packaging IPO Registrar to offer
| Registrar to the Offer |
| Purva Sharegistry (India) Private Limited 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East), Mumbai 400011, Maharashtra, India. Tel. No.: +91 022 49614132 Email: support@purvashare.com Investor grievance e-mail: support@purvashare.com Website: www.purvashare.com Contact Person: Deepali Dhuri Validity Period: Permanent SEBI Regn. No. INR000001112 CIN: U67120MH1993PTC074079 |
Kahan Packaging IPO – Other Details
- Statutory Auditor – M/s. Dhanesh Amritlal & Associates
- Legal Counsel to the Company – Mindspright Legal
- Bankers to the Company – Bank of India
Kahan Packaging IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Kahan Packaging Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Kahan Packaging IPO Review FAQs
Check out various FAQs related to Kahan Packaging IPO:
What is the Issue Size of Kahan Packaging IPO?
The Company is making an initial public offer of 7,20,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Kahan Packaging IPO?
The price band for this particular IPO ranges between Rs 80. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Kahan Packaging IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 6, 2023, while the closing date is set at September 8, 2023.
What is the Kahan Packaging IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 13, 2023, refund initiation is on September 14, 2023, credit of shares is on September 15, 2023, and share listing date is on September 18, 2023.
What is the Kahan Packaging IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 18, 2023. The date, when the listing would be done, is stagnant on September 18, 2023.
Who is the Registrar of Kahan Packaging IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Purva Sharegistry (India) Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kahan Packaging IPO?
Here are the promoters of this IPO – Prashant Jitendra Dholakia and Rohit Jitendra Dholakia. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Kahan Packaging IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Kahan Packaging IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Kahan Packaging Company?
They have the information on company financials; according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 103.38, 2022 is 19.77, and 2021 is 1.57.
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