Established in 2016, Kahan Packaging Limited specializes in providing bulk packaging solutions to B2B manufacturers across various industries, including Agro-Pesticides, Cement, Chemicals, Fertilizers, and Food Products.
Kahan Packaging manufactures and supplies a diverse range of packaging products, including Polypropylene (PP)/High-Density Polyethylene (HDPE) Woven Fabric-Laminated materials, HDPE/PP woven sacks, Unlaminated Woven Fabric, PP Woven Bags, PP Woven Bags with Liners, Printed Laminates for Flexible Packaging, and various woven polymer-based products. These products come in different weights, sizes, and colors, tailored to meet the specific requirements of its customers.
All of Kahan Packaging’s products are produced in-house at its manufacturing facilities located in Asangaon, Maharashtra. Factory-I has a production capacity of 2,600 metric tons per annum for woven fabrics. Furthermore, the company has expanded its operations by establishing a new manufacturing unit and incorporating a Multicolor Roto-Gravure Printing Machine capable of handling up to 8 colors. This machine facilitates flexible packaging and printing on materials such as polyester, Nylon, BOPP, Foil, low and high-density polyethylene, polypropylene, and paper, with the added feature of two-sided printing. The manufacturing unit is equipped with high-speed hot air dryers and 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 lakhs and Rs. 1,587.95 lakhs from its operations, respectively.
Kahan Packaging IPO Details #
Kahan Packaging IPO is a Fixed Price Issue. The IPO total issue size is Rs 5.76 Cr. The Kahan Packaging IPO price is ₹80 per share. The IPO will list on BSE SME.
IPO Date | September 6, 2023 to September 8, 2023 |
Listing Date | [.] |
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 |
Market Maker portion | 40,000 shares Hem Finlease |
Kahan Packaging IPO Reservation #
Kahan Packaging IPO a total of 720,000 shares are offered. RII: 340,800 (47.33%), NII: 339,200 (47.11%).
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%) |
Kahan Packaging IPO Timetable (Tentative) #
Kahan Packaging IPO opens on September 6, 2023, and closes on September 8, 2023.
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 Lot Size #
The minimum lot size of this Kahan Packaging IPO is 1600 shares required is ₹128,000.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹128,000 |
Retail (Max) | 1 | 1600 | ₹128,000 |
HNI (Min) | 2 | 3,200 | ₹256,000 |
Lot Size Calculator |
Kahan Packaging IPO Promoter Holding #
Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia are the promoters of the company.
Pre Issue Share Holding | 99.95% |
Post Issue Share Holding | 73.49% |
Company Financials #
Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 1,046.79 | 898.33 | 975.15 | 1,449.34 |
Revenue | 1,357.76 | 1,212.81 | 1,590.63 | 1,755.93 |
Profit After Tax | 1.05 | 1.57 | 19.77 | 103.38 |
Net Worth | 48.19 | 49.75 | 69.53 | 172.91 |
Reserves and Surplus | -1.81 | -0.25 | 19.53 | 72.91 |
Total Borrowing | 490.93 | 442.29 | 616.58 | 773.90 |
Key Performance Indicator #
Kahan Packaging IPO Market Cap is Rs 21.76 Cr and P/E (x) is 7.74.
KPI | Values |
---|---|
P/E (x) | 7.74 |
Market Cap (₹ Cr.) | 21.76 |
ROE | 85.28% |
ROCE | 19.77% |
Debt/Equity | 4.48 |
EPS (Rs) | 10.34 |
RoNW | 59.79% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet working capital requirements, and
- General Corporate Purpose.
Kahan Packaging IPO Subscription Status (Bidding Detail) #
The Kahan Packaging IPO is subscribed 730.45 times on Sep 8, 2023 7:02:00 PM. The public issue subscribed 1,042.37 times in the retail category, times in the QIB category, and 405.59 times in the NII category.
Category | Subscription (times) |
---|---|
Other | 405.59 |
Retail | 1,042.37 |
Total | 730.45 |
Kahan Packaging IPO Prospectus #
Company Contact Information #
212, Jhalawar Service Premises,
E S Patanwalla Compound,
LBS Marg, Ghatkopar West, Mumbai – 400086
Phone: +91 22-25004605
Email: info@kahanpackaging.com
Website: https://kahanpackaging.com/
Kahan Packaging IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Kahan Packaging IPO Lead Manager(s) #
FAQs #
What is the total issue size of Kahan Packaging IPO? #
The total issue size of Kahan Packaging IPO is ₹5.76 Crores.
What is the IPO price for Kahan Packaging shares? #
The IPO price for Kahan Packaging shares is ₹80 per share.
What is the minimum lot size for Kahan Packaging IPO? #
The minimum lot size for Kahan Packaging IPO is 1600 shares, requiring an investment of ₹128,000.
When does Kahan Packaging IPO open and close? #
Kahan Packaging IPO opens on September 6, 2023, and closes on September 8, 2023.
Who are the promoters of Kahan Packaging Limited? #
Mr. Prashant Jitendra Dholakia and Mr. Rohit Jitendra Dholakia are the promoters of the company.
What are the key financials of Kahan Packaging as of December 31, 2022? #
Revenue: ₹1,352.86 lakhs
Profit After Tax: ₹57.35 lakhs
Net Worth: ₹126.88 lakhs
Total Borrowing: ₹713.93 lakhs
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.