Sunil Shankar Matkar
September 03, 2023 / 08:08 AM IST
Kahan Packaging IPO will likely be opening for subscription on September 6. This might well be the first public topic next week from the SME section. It's miles a attach-mark topic. The topic mark has been mounted at Rs 80 per fragment.
The bulk packaging solutions company intends to garner Rs 5.76 crore through an preliminary public offering (IPO) of seven.2 lakh shares.
The IPO contains simplest a contemporary topic fragment. Attributable to this truth, the total topic proceeds will likely be utilised by the company mainly for working capital requirements and the best for general company functions.
The offer will shut on September 8.
The Mumbai-essentially essentially based company has reserved 40,000 equity shares of the entire offer of seven.2 lakh shares and the best 6.8 lakh shares will likely be divided equally amongst retail investors and high networth folk, i.e. 3.4 lakh shares every.
Kahan Packaging, which makes polypropylene (PP) & high-density polyethylene (HDPE) woven fabric, gives customised bulk packaging solutions to commerce-to-commerce (B2B) producers catering to agro pesticides, cement, chemical, fertilizer, and meals products industries.
Hem Securities is the merchant banker, and Purva Sharegistry (India) is the registrar of the topic.