Kahan Packaging Limited has recently initiated its IPO, offering investors a chance to participate in its growth.
The IPO is priced at just Rs 80 per share and will be available for subscription until September 8.
With a total issue size of Rs 5.76 crore, Kahan Packaging Limited specializes in providing bulk packaging solutions.
Gray Market Premium (GMP) Soars to Rs 72
The response to Kahan Packaging Limited’s IPO in the gray market has been remarkable, with the Gray Market Premium (GMP) reaching Rs 72.
Considering the IPO price of Rs 80, if the GMP remains at this level, investors could potentially see the company’s shares listed at Rs 152.
This translates to a potential profit of 90% for investors who participate in the IPO on the listing day.
Listing Expected on September 18
The allotment of shares for Kahan Packaging IPO is anticipated to be finalized by Wednesday, September 13, 2023.
Subsequently, the company’s shares are set to be listed on the exchange on September 18.
Retail investors have the opportunity to apply for 1 lot in the company’s IPO, with each lot containing 1600 shares.
This means an investment of Rs 1.28 lakh for one lot.
Kahan Packaging specializes in offering bulk packaging solutions to various industries, including Agro Pesticides, Cement, Chemicals, Fertilizers, and Food Products.
Investors are advised to carefully consider their options and conduct thorough research before participating in this IPO.
