Kahan Packaging IPO to starting up on September 6, topic mark at Rs 80 per fragment

Kahan Packaging IPO | The bulk packaging solutions company intends to garner Rs 5.76 crore through preliminary public offering of seven.2 lakh shares

Sunil Shankar Matkar

September 03, 2023 / 08:08 AM IST

Kahan Packaging IPO

Kahan Packaging IPO to starting up on September 6

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.

Also read: Rishabh Devices riding on industry tailwinds, inorganic boost to scale sooner

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.

Also read: Jupiter Life Line Hospital fixes mark band at Rs 695-735 a fraction for IPO

Glimpse the most up-to-date commerce news, Sensex, and Nifty updates. Operate Non-public Finance insights, tax queries, and knowledgeable opinions on Moneycontrol or download the Moneycontrol App to defend as a lot as this level!

Read More

Website Designed & SEO done by KV TechMedia - Web Design Company Uttar Pradesh, India
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram