ANI PR Wire
06 Sep 2023, 17 GMT+10
PNN
New Delhi [India], September 6: The initial public offering (IPO) of Kahan Packaging will open for subscription on September 6 and conclude on September 8.
The SME IPO is proposed to list on the BSE SME platform. The company has fixed the price of its shares at Rs 80 in the primary market.
The issue size of the IPO is Rs 5.76 crore. Each lot has 1600 equity shares worth Rs 128,000.
The company is issuing 7,20,000 equity shares through the issue. Company has reserved 3,40,800 equity shares worth Rs 2,72,64,000 for Retail Individual Investor (RII). A total of 3,39,200 equity shares have been reserved for other than RII including NII and QIB worth Rs 2,71,36,000. For Market Maker (MM), the firm has reserved 40,000 equity shares worth Rs 32,00,000.
HEM Securities Limited is the Lead manager while Purva Sharegistry is the Registrar to the issue.
Kahan Packaging is an established manufacturer and supplier of Polymer based woven fabrics and bags.
It has a total production capacity of 2600 MT of PP Fabrics. The company's product portfolio caters to agro pesticides, cement, chemical, fertilizer and food products industry.
The company's two manufacturing facilities are located in Thane, Maharashtra.
Kahan Packaging has plans to diversify its products portfolio.
In the financial year 2022-23, the Kahan Packaging had reported a total revenue of Rs 1,751 lakhs with ROCE at 19.77 per cent and ROE at 85.28 per cent.
(Disclaimer: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Cambodian Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cambodian Times.
More InformationLONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...
Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...
NEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...
(Photo credit: Jayne Kamin-Oncea-USA TODAY Sports) The American League West-leading Texas Rangers will turn to rookie left-hander Cody Bradford on ...
(Photo credit: Stephen Brashear-USA TODAY Sports) The Seattle Mariners aren't in must-win mode just yet, but it's getting close. The ...
(Photo credit: Gary A. Vasquez-USA TODAY Sports) Two teams taking different approaches to the final week of the regular season ...
(Photo credit: Joe Nicholson-USA TODAY Sports) Justin Verlander turned in a vintage performance, taking a shutout into the ninth inning ...
(Photo credit: Jayne Kamin-Oncea-USA TODAY Sports) Adolis Garcia, Mitch Garver and Nathaniel Lowe hit back-to-back-to back home runs and Jon ...
(Photo credit: Sergio Estrada-USA TODAY Sports) Logan Webb survived a pitchers' duel with Blake Snell, Michael Conforto delivered a two-out, ...