Kahan Packaging Listing Date: Kahan Packaging share price will be listed at a premium on BSE SME on Friday. On the BSE SME, shares of Kahan Packaging were listed at ₹152, 90 percent higher than the issue price of ₹80.
Kahan Packaging IPO details
Kahan Packaging’s IPO opened for subscription on Wednesday, September 6th and closed on Friday, September 8th. The company has set the price range for the IPO at ₹80 per share and the stock will be listed on BSE SME Exchange on Monday, September 18.
IPO of Kahan Packaging, which is worthwhile ₹5.76 crore, is a completely new edition; There is no offer-to-sale (OFS) component. The Company plans to use the net proceeds from the offering to meet working capital requirements and for general corporate purposes.
Business-to-business (B2B) manufacturers serving various industries such as agro-pesticide industry, cement industry, chemical industry, fertilizer industry and food industry turn to Kahan Packaging Ltd for bulk packaging solutions.
The underwriter of the issue is Hem Securities Ltd while the registrar of Kahan Packaging IPO is Purva Sharegistry.
According to chittorgarh.com, subscription status for Kahan Packaging’s IPO was 730.45 times on the third day. The subscription status for Kahan Packaging’s IPO was 55.40 times on the first day and the issue was subscribed 175.99 times on the second day, according to chittorgarh.com
Kahan Packaging IPO GMP today
Today’s Kahan Packaging IPO GMP or gray market premium is +72, similar to the last 12 trading sessions. This indicated that Kahan Packaging’s share price was trading at a premium of ₹72 on the gray market on Friday, according to topsharebrokers.com
Taking into account the upper end of the IPO price range and the current gray market premium, the estimated listing price of Kahan Packaging stock is ₹152 per piece which is 90% higher than the IPO price of ₹80.
“Gray market premium” indicates investors’ willingness to pay more than the issue price.
Also Read: Kahan Packaging IPO: GMP, third day subscription status, other important details
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Updated: September 15, 2023, 10:00 AM IST
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