Kahan Packaging IPO: A Special Opportunity for Investors
If you are thinking of investing in Initial Public Offering (IPO), then a special opportunity is coming your way. Kahan Packaging’s IPO opens for subscription next week on September 6. This will be the first issue from the SME section next week. The issue price has been fixed at Rs.80 per share. This offer will close on September 8. That means investors can bet on this IPO between 6th and 8th September.
What’s going on with GMP?
The company’s shares are already booming in the gray market. According to Topsharebrokers, the GMP of this IPO is at a premium of Rs 75. That means it can be listed at 155 rupees. Accordingly, investors can get a whopping 93.75 percent profit on the first day.
See other details
The bulk packaging solutions company is looking to raise Rs 5.76 crore through its IPO from 7.2 lakh shares. The Mumbai-based company has reserved 40,000 equity shares out of a total of 7.2 lakh shares and the remaining 6.8 lakh shares will be divided equally between retail investors and high net worth individuals, i.e. 3.4 lakh shares each.
About the company
Kahan Packaging (manufactures polypropylene (PP) and high density polyethylene (HDPE) woven fabrics) provides customized bulk packaging solutions to business-to-business (B2B) manufacturers catering to the agricultural pesticide, cement, chemical, fertilizer and food manufacturing industries.
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