Kahan Packaging was established on February 19, 2013. The company specializes in manufacturing and supplying various products such as polypropylene (PP) and high-density polyethylene (HDPE) woven fabric-laminated items, HDPE/PP woven sacks, unlaminated woven fabric, PP woven bags, PP woven bags with liners, printed laminates for flexible packaging, and a range of woven polymer-based products. These products are available in different weights, sizes, and colors, tailored to meet customer specifications.
| Bidding Dates |
|---|
| 06 Sep 2023 - 08 Sep 2023 |
| Subscription |
|---|
| 689.92x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 720.0 K | ₹80 | 73.53 % | ₹57.6 M | RHP DOC |
Kahan Packaging IPO SUBSCRIPTION STATUS
08 Sep '23Kahan Packaging IPO overall subscription rate was 689.92 times the total available shares
Kahan Packaging IPO retail subscription rate was 986.78 times in the retail segment
Kahan Packaging IPO non-institutional investor subscription rate was 393.07 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
08 Sep 2023 (Day 3) | 986.78x | 393.07x | - |
07 Sep 2023 (Day 2) | 288.32x | 44.19x | - |
06 Sep 2023 (Day 1) | 90.76x | 13.94x | - |
Kahan Packaging FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 10.3 | 175.2 | 5.4 | -6.9 | 11.5% |
| FY22 | 2.0 | 158.8 | -12.5 | -12.6 | 5.1% |
| FY21 | 0.2 | 121.2 | 9.4 | 9.0 | 6.4% |
Kahan Packaging IPO SUBSCRIPTION STATUS DETAILS
Kahan Packaging had 720.0 K shares on offer
Kahan Packaging IPO offer price was ₹80
Kahan Packaging IPO minimum Investment was ₹128000
Kahan Packaging IPO issue size was ₹ 57.6 M
Kahan Packaging had a minimum lot size of 1600 Shares per application
Kahan Packaging NUMBER OF SHARES ON OFFER
Kahan Packaging IPO IMPORTANT DATES
| Issue Open Date | 06 Sep 2023 |
| Issue close Date | 08 Sep 2023 |
| Allotment Date | 13 Sep 2023 |
| Refund Date | 14 Sep 2023 |
| Demat Account Credit Date | 15 Sep 2023 |
| Listing Date | 15 Sep 2023 |
| Listing on Exchange(s) | BSE |
| Kahan Packaging Allotment Status | Exchange |
Kahan Packaging IPO subscription opened on 06 Sep 2023, and closed on 08 Sep 2023
IPO allotment for Kahan Packaging was finalized on Wednesday, 13 Sep 2023
IPO listing for Kahan Packaging was on BSE on Friday, 15 Sep 2023
Kahan Packaging IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 152.0 |
| Listing Close Price | 159.6 |
| Listing Gain% | 90.0% |
| Current Gain% | -13.8% |
Kahan Packaging Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kahan Packaging Ltd. | 69 | 18.8 | 16 | 3.7 | 0.6 | 10.6 | 4.6 | 30.5 | 6.8 | 1.2 | 4.3 | 4.3 | 4.3 |
| Garware Hi-Tech Films Ltd. | 7020.5 | 16310.3 | 42.1 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 235.8 | 7552.4 | 19.5 | -10.5 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | -1.8 |
| AGI Greenpac Ltd. | 717.2 | 4640.1 | 12.8 | 3.2 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Polyplex Corporation Ltd. | 1229.6 | 3860 | 24.9 | 1.8 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 49.5 | 13.9 |
| Uflex Ltd. | 497 | 3589.3 | 11.3 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
Kahan Packaging INFORMATION ON IPO ISSUE
About Kahan Packaging
Kahan Packaging was established on February 19, 2013. The company specializes in manufacturing and supplying various products such as polypropylene (PP) and high-density polyethylene (HDPE) woven fabric-laminated items, HDPE/PP woven sacks, unlaminated woven fabric, PP woven bags, PP woven bags with liners, printed laminates for flexible packaging, and a range of woven polymer-based products. These products are available in different weights, sizes, and colors, tailored to meet customer specifications.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
Kahan Packaging - PROMOTERS
| Name |
|---|
| Prashant Jitendra Dholakia |
| Rohit Jitendra Dholakia |
Kahan Packaging Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Kahan Packaging Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Kahan Packaging Strengths
Wide range of products
The company offers a diverse range of products in its portfolio, including polypropylene (PP)/high-density polyethylene (HDPE) woven fabric-laminated items, 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 colours to cater to a wide range of customer needs
In-house manufacturing capabilities
The company's in-house manufacturing operations contribute to streamlined inventory management and production processes, ensuring high-quality production standards, reduced production time, and increased cost-effectiveness
Experienced management team
Promoter Prashant Jitendra Dholakia has 25 years of experience in the packaging industry, overseeing marketing and production. Rohit Jitendra Dholakia has over 33 years of experience in the packaging industry, focusing on administrative areas
Kahan Packaging Risks
Dependent on a few customers
The company relies heavily on a limited number of customers for a significant portion of its revenue. The potential loss of one or more of these customers could have a negative impact on the business
Price sensitive industry
The company operates in a price-sensitive industry, where consumer purchasing decisions are strongly influenced by product prices. If the company cannot maintain competitive pricing, it may face negative consequences for its business
Faces competition
The company encounters competition from established rivals, both large and small. There's a possibility that it might struggle to effectively compete against its current and potential competitors
IPO FAQs
The promoters of the company are Prashant Jitendra Dholakia and Rohit Jitendra Dholakia.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 80.0 - 80.0.
The IPO application opens on Sep 06, 2023 and closes on Sep 08, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Sep 13, 2023.
The refund will be credited to your account on Sep 14, 2023.
The allotted shares will be credited to your demat on Sep 15, 2023.
Kahan Packaging Ltd.’s shares listed on the stock exchanges on Sep 15, 2023.