The Kahan Packaging IPO started on September 6, 2023, and ended on September 8, 2023. Shares were allocated on September 13, 2023, and refund processes began on September 14, 2023. On September 15, 2023, the shares were credited to investors demat accounts. Kahan Packaging was officially listed on the stock exchange on September 18, 2023.
During the IPO, Kahan Packaging offered shares at a price range of ₹80 per share, and the lot size was 1600 shares. The total issue size was ₹5.76 crores, with ₹5.76 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Kahan Packaging IPO Subscription Update Video
Kahan Packaging IPO Subscription Status
The Kahan Packaging IPO on September 8, 2023 was subscribed 730.45 times, with the retail category being subscribed 1,042.37 times, the other category being subscribed 405.59 times.
| Category | Subscription |
| Other | 405.59x |
| Retail | 1,042.37x |
| Total | 730.45x |
Kahan Packaging IPO Basic Details
| Company Name | Kahan Packaging Limited |
| Domain of Company | Bulk Packaging Solutions |
| IPO Open Date | September 6, 2023 |
| IPO 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 |
| Issue Size | 720,000 shares of ₹10 (aggregating up to ₹5.76 Cr) |
| Fresh Issue | 720,000 shares of ₹10 (aggregating up to ₹5.76 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia |
About Kahan Packaging Limited
Established in 2016, Kahan Packaging Limited specializes in providing bulk packaging solutions to various B2B manufacturers across industries like Agro-Pesticides, Cement, Chemicals, Fertilizers, and Food Products.
Kahan Packaging manufactures and delivers a wide range of woven polymer-based products, including Polypropylene (PP) and High-Density Polyethylene (HDPE) Woven Fabric-Laminated, HDPE/PP woven sacks, Woven Fabric-Unlaminated, PP Woven Bags, PP Woven Bags with Liners, and Printed Laminates for Flexible Packaging. They offer these products in various weights, sizes, and colors tailored to customer specifications.
All of their products are manufactured in-house at their facilities in Asangaon, Maharashtra. Factory-I has a production capacity of 2,600 metric tons per annum for woven fabrics. Additionally, the company has expanded its operations by establishing a new manufacturing unit equipped with a Multicolor Roto-Gravure Printing Machine capable of printing up to eight colors. This enables them to provide flexible packaging and printing services for materials like polyester, Nylon, BOPP, Foil, low and high-density polyethylene, polypro plane, and paper, with two-sided printing capabilities and high-speed hot air dryers. This unit has an installed production capacity of 500 metric tons per annum.
As of December 31, 2022, and March 31, 2022, Kahan Packaging Limited reported revenues of Rs. 1,352.58 lacs and Rs. 1,587.95 lacs from their operations, respectively.
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Kahan Packaging IPO FAQs
What is the start and end date of Kahan Packaging IPO Subscription?
The Kahan Packaging IPO started on September 6, 2023, and ended on September 8, 2023.
When does Kahan Packaging IPO Subscription open?
The Kahan Packaging IPO open on September 6, 2023.
When does Kahan Packaging IPO Subscription close?
The Kahan Packaging IPO Close on September 8, 2023.
What is the allotment date of Kahan Packaging IPO?
The allotment date for Kahan Packaging IPO is September 13, 2023.
When is the initial refund date of Kahan Packaging IPO?
The initial Refund date for Kahan Packaging IPO is September 14, 2023.
When were the shares credited to investors demat accounts for the Kahan Packaging IPO?
The shares for the Kahan Packaging IPO were credited to investors demat accounts on September 15, 2023.
When will Kahan Packaging IPO be listed on the stock market?
Kahan Packaging IPO stock market will be listed on September 18, 2023 at 10 am.
What was the price range of the Kahan Packaging IPO shares?
The Kahan Packaging IPO shares were offered at a price range of ₹80 per share.
What was the lot size for the Kahan Packaging IPO shares?
The lot size for the Kahan Packaging IPO shares was 1600 shares.
What was the total issue size of the Kahan Packaging IPO?
The total issue size of the Kahan Packaging IPO was ₹5.76 crores.
How were the shares allocated among different types of investors for the Kahan Packaging IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Kahan Packaging IPO listed?
The Kahan Packaging IPO was listed on the BSE SME.
What is the Kahan Packaging IPO Subscription Status?
Kahan Packaging IPO is subscribed 00 Times.
