Incorporated in 2016, Kahan Packaging Limited provides bulk packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as the Agro-Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry, and Food Products Industry.
Kahan Packaging manufactures and supplies 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 of different weight, sizes and colors as per customer’s specifications.
The company manufactures all its products in-house in its manufacturing units located in Asangaon, Maharashtra. The installed production capacity of Factory-I for woven fabrics is 2,600 m.t. p.a. The Company has also expanded its business by setting up a new manufacturing unit and installing a Multicolor (up to 8 Colors) Roto-Gravure Printing Machine for flexible packaging and printing processes including polyester, Nylon, BOPP, Foil, low and high-density polyethylene polypro plane and paper with two-sided printing facilities with high-speed hot air dryers with installed production capacity of 500 m.t. p.a.
KPL recorded Rs. 1,751.79 lacs and Rs. 1,587.95 Lacs in Revenue from Operations as of March 31, 2023, and March 31, 2022, 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 |
Kahan Packaging IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
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 |
Amount in ₹ Lakhs
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 7.74 |
| ROE | 85.28% |
| ROCE | 19.77% |
| Debt/Equity | 4.48 |
| EPS (Rs) | 10.34 |
| RoNW | 59.79% |
Check Kahan Packaging IPO Peer Comparison here.
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 Prospectus
Company Contact Information
Kahan Packaging Limited
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/