Kahan Packaging Ltd Share Price – BSE

Packaging, Small Cap

Kahan Packaging will hold a meeting of the Board of Directors of the Company on 10 November 2023.

Powered by Capital Market - Live News

The scrip was listed at Rs 152, a premium of 90% compared with the issue price. The scrip hit a high of Rs 159.60 and a low of Rs 152. About 2.40 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Kahan Packaging was subscribed 690 times. The issue opened for bidding on 6 September 2023 and it closed on 8 September 2023. The price of the IPO was fixed at Rs 80 per share.

The IPO comprised fresh issue of 7,20,000 shares. The promoter and promoter group shareholding diluted to 73.49% from 99.95% pre-IPO.

The company intends to utilize the net proceeds for to meet working capital requirements and general corporate purpose.

Kahan Packaging is engaged in the business of manufacturing and supply of 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 recorded a revenue from operations of Rs 17.51 crore and net profit of Rs 1.03 crore for the period ended as on 31 March 2023.

Powered by Capital Market - Live News

The equity shares of Kahan Packaging (Scrip Code: 543979) are listed effective 15 September 2023 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities.

Powered by Capital Market - Live News