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The world of finance and investments is buzzing with excitement as Kahan Packaging, a prominent player in the packaging industry, prepares to debut on the stock market with an Initial Public Offering (IPO).
With a track record of success, a robust market presence, and a promising outlook for the future, the Kahan Packaging IPO is generating significant interest among investors and industry enthusiasts alike.
In this article, we delve into the details of this much-anticipated IPO, exploring everything that a investor needs to know before making an IPO investment.
Let’s start with objectives of the IPO.
Objectives of Kahan Packaging IPO
Kahan Packaging Limited intends to utilize the Proceeds of the Issue to meet the following objects:
| Sr. No | Particulars | Amt (Rs. in lakhs) |
|---|---|---|
| 1. | To meet working capital requirements | [●] |
| 2. | General Corporate Purposes | [●] |
| Total | [●] |
Kahan Packaging IPO Details
| IPO Date | September 6, 2023 to September 8, 2023 |
| Listing Date | September 18, 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 |
Kahan Packaging IPO Tentative Timetable
| 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 | Monday, September 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 8, 2023 |
Kahan Packaging IPO Reservation
| 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%) |
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Kahan Packaging IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Kahan Packaging IPO Financials
Following are the details as per the restated financial statements for the period ended December 31, 2022 and for the financial years ended on March 31, 2022, 2021 and 2020:
| Sr. No | Particulars | December 31, 2022 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|---|---|
| 1 | Share Capital | 50.00 | 50.00 | 50.00 | 50.00 |
| 2 | Net Worth | 126.88 | 69.53 | 49.75 | 48.19 |
| 3 | Total Income (Revenue from operation) | 1,352.58 | 1,587.95 | 1,211.78 | 1,356.78 |
| 4 | Profit/(loss) after tax | 57.35 | 19.77 | 1.57 | 1.05 |
| 5 | Basis/diluted Earnings per Share | 5.74 | 1.98 | 0.16 | 0.12 |
| 6 | Net asset value per share based on actual number of shares | 25.38 | 13.91 | 9.95 | 9.64 |
| 7 | Net asset value per share based on Weighted average number of shares | 12.69 | 6.95 | 4.98 | 5.38 |
| 8 | Total Borrowings (including current maturities of long term borrowings) | 713.93 | 616.58 | 442.29 | 490.93 |
Kahan Packaging IPO Promoters
Prashant Jitendra Dholakia and Rohit Jitendra Dholakia are the Promoters of Kahan Packaging Limited.
Here’s the pre-issue and post-issue share holding of promoters:
| Pre Issue Share Holding | 99.95% |
| Post Issue Share Holding | 73.49% |
Kahan Packaging Limited Company Background
- Incorporation Year: 2016
- Core Business: Bulk packaging solutions for B2B manufacturers in various industries, including Agro-Pesticides, Cement, Chemicals, Fertilizers, and Food Products.
- Product Range:
- 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 in different weights, sizes, and colours as per customer specifications.
- Manufacturing: All products are manufactured in-house at manufacturing units in Asangaon, Maharashtra.
- Production Capacity (Factory-I): 2,600 metric tons per annum for woven fabrics.
- Expansion: The company has set up a new manufacturing unit with a Multicolor Roto-Gravure Printing Machine for flexible packaging and printing processes.
- Production Capacity (New Unit): 500 metric tons per annum.
- Revenue:
- March 31, 2023: Rs. 1,751.79 lacs
- March 31, 2022: Rs. 1,587.95 lacs
Kahan Packaging Limited Industry Overview
Global Packaging Industry Overview:
- Value (2019): Over $917 billion
- Projected Growth (CAGR): 2.8%
- Expected Value (2024): $1.05 trillion
Packaging Industry in India:
- Ranking in Indian Economy: Fifth largest sector
- Growth Rate (CAGR): 22% to 25% (as per PIAI)
- Significant Contributor to India’s Economic Growth: Packaging is among the highest growth sectors in India.
Kahan Packaging IPO GMP Today
| Date | GMP |
|---|---|
| 6 September | ₹70 |
| 5 September | ₹70 |
| 4 September | ₹15 |
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