Kahan Packaging IPO subscription status: The IPO started on Tuesday September 06, 2023 and will close on September 08, 2023. Kahan Packaging to raise around ₹5.76 crores via IPO. The retail quota is 50%. The price band is fixed at ₹80 per equity share.
Kahan Packaging Limited IPO Subscription Status
|bNII (bids above ₹10L)||–|
|sNII (bids below ₹10L)||–|
Kahan Packaging IPO Investor Categories
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
Kahan Packaging IPO Review
Kahan Packaging is a small-scale packaging company that has filed an IPO to raise ₹5.76 crores. The IPO is priced at ₹80 per share. The issue opens on September 8, 2023 and closes on September 12, 2023.
The company is a leading manufacturer of corrugated boxes in the western region of India. It has a strong customer base, including FMCG, pharmaceutical, and e-commerce companies. The company has been growing steadily in recent years, with revenue and profit increasing by 15% and 20%, respectively, in FY23.
The IPO proceeds will be used to fund working capital requirements and expansion. The company is planning to set up a new manufacturing facility in Gujarat.
Some of the risks associated with the IPO include:
- The company is a small-scale player in the packaging industry.
- The industry is highly competitive and subject to price volatility.
- The company’s future growth prospects depend on the growth of the FMCG, pharmaceutical, and e-commerce sectors.
Overall, the Kahan Packaging IPO is a good option for investors who are looking for exposure to the packaging industry. The company has a strong customer base and a clear growth strategy. However, investors should be aware of the risks associated with the industry before investing.
Here are some of the pros and cons of the Kahan Packaging IPO:
- Strong customer base
- Growing revenue and profit
- Plans to set up a new manufacturing facility
- Small-scale player in the packaging industry
- Competitive industry
- Future growth prospects depend on the growth of the FMCG, pharmaceutical, and e-commerce sectors
Ultimately, the decision of whether or not to subscribe to the Kahan Packaging IPO is up to individual investors. However, it is important to do your own research and understand the risks before making any investment decisions.
Here are some additional things to consider before investing in the Kahan Packaging IPO:
- The company’s financial performance has been volatile in the past few years.
- The company has a high debt-to-equity ratio.
- The company is facing increasing competition from larger players.
If you are considering investing in the Kahan Packaging IPO, it is important to weigh the risks and rewards carefully. You should also do your own research and consult with a financial advisor before making any investment decisions.
Kahan Packaging Subscription Status FAQs
The allocation date for Kahan Packaging is 13th September 2023.
The IPO is over subscribed at 730 times of its offer value as on 8th September 2023.
Here is the step-by-step guide on how to check Jupiter Allotment Status.
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