Kahan Packaging IPO listing: SME shares debut at 90% premium to issue price on BSE SME
ipo listing date: Kahan Packaging share price listed on BSE SME at a premium on Friday. On the BSE SME, Kahan Packaging shares were listed at ₹152, 90 per cent higher than the issue price of ₹80. Kahan Packaging IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8.
The company has set the IPO's price band at ₹80 per equity share and the share will be listed on the BSE SME exchange Monday, September 18. Kahan Packaging IPO, which is worth ₹5.76 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to meet working capital requirements, and general corporate purpose.
Business-to-business (B2B) manufacturers serving diverse industries, such as the agro-pesticides industry, the cement industry, the chemical industry, the fertiliser industry, and the food products industry, turn to Kahan Packaging Ltd for bulk packaging solutions. The issue's book-running lead manager is Hem Securities Ltd, while Kahan Packaging IPO's registrar is Purva Sharegistry. Kahan Packaging IPO subscription status was 730.45 times on day 3.
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