Kahan Packaging IPO Dates, Price Band & Other Details

kahan packaging ipo dates details

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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. NoParticularsAmt (Rs. in lakhs)
1.To meet working capital requirements[●]
2.General Corporate Purposes[●]

Kahan Packaging IPO Details

IPO DateSeptember 6, 2023 to September 8, 2023
Listing Date September 18, 2023
Face Value₹10 per share
Price₹80 per share
Lot Size1600 Shares
Total Issue Size720,000 shares
(aggregating up to ₹5.76 Cr)
Fresh Issue720,000 shares
(aggregating up to ₹5.76 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue2,000,000
Share holding post issue2,720,000

Kahan Packaging IPO Tentative Timetable

IPO Open DateWednesday, September 6, 2023
IPO Close DateFriday, September 8, 2023
Basis of AllotmentWednesday, September 13, 2023
Initiation of RefundsThursday, September 14, 2023
Credit of Shares to DematFriday, September 15, 2023
Listing DateMonday, September 18, 2023
Cut-off time for UPI mandate confirmation5 PM on September 8, 2023

Kahan Packaging IPO Reservation

Anchor Investor Shares Offered
Market Maker Shares Offered40,000 (5.56%)
Other Shares Offered339,200 (47.11%)
Retail Shares Offered340,800 (47.33%)
Total Shares Offered720,000 (100%)
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Kahan Packaging IPO Lot Size

Retail (Min)11600₹128,000
Retail (Max)11600₹128,000
HNI (Min)23,200₹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. NoParticularsDecember 31, 2022March 31, 2022March 31, 2021March 31, 2020
1Share Capital50.0050.0050.0050.00
2Net Worth126.8869.5349.7548.19
3Total Income (Revenue from operation)1,352.581,587.951,211.781,356.78
4Profit/(loss) after tax57.3519.771.571.05
5Basis/diluted Earnings per Share5.741.980.160.12
6Net asset value per share based on actual number of shares25.3813.919.959.64
7Net asset value per share based on Weighted average number of shares12.696.954.985.38
8Total Borrowings (including current maturities of long term borrowings)713.93616.58442.29490.93
– Amt. (Rs. in lakhs)

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 Holding99.95%
Post Issue Share Holding73.49%

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

6 September₹70
5 September₹70
4 September₹15
– Source: ipowatch
Don't forget to check: Rishabh Instruments IPO Allotment Status

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