Kahan Packaging Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Kahan Packaging

CMP

64.00

+0.25 (0.39%)

₹80

Offer Price

₹ 5.76 Cr

Issue Size

₹ 1,28,000

Min Investment

1,600

Lot size

Time Line

  • 06
    Sep 2023
    Open
  • 08
    Sep 2023
    Close
  • 13
    Sep 2023
    Finalisation of Basis of Allotment
  • 14
    Sep 2023
    Initiation of Refunds
  • 15
    Sep 2023
    Transfer of Shares to Demat Account
  • 15
    Sep 2023
    Listing Date

Objects of the Offer

  • Expand its domestic presence in existing and new markets.

  • Expand its existing product portfolio.

  • Focus on consistently meeting quality standards.

Products & Services

  • in the business of manufacturing and supply of Polypropylene (PP)/ High Density Polyethylene (HDPE) Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric-Un-Laminated, PP Woven Bag, PP Woven Bag with Liner, Printed Laminates for Flexible Packaging,

  • woven polymer based products of different weight, sizes and colors as per customer`s specifications.

Strengths

  • Wide Range of Products.

  • In-house Manufacturing capabilities.

  • Strong relationship with customers and suppliers.

  • Experienced management team with industry expertise and successful track record.

Risks

  • The company derives significant portion of the revenue from limited number of customers, the loss of one or more such customers, the deterioration of their financial position or prospects, or a reduction in their demand for the products could adversely affect its business, financial position and future prospects of the Company.

  • The company generates of the major portion of sales from its operations in certain geographical regions and any adverse developments affecting the company operations in these regions could have an adverse impact on its revenue and results of operations.

  • Majority of the revenue is dependent on single business segment i.e. woven fabrics. An inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact the revenue from operations and growth prospects.

  • The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.

  • The company requires certain approvals, licenses, registrations and permits to operate the business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate the company business may adversely affect its operations and financial conditions.

Company Promoters

Promoters Holding

Issue For IPO
17.47%
Pre Holding

66.00%

Post Holding

48.53%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 15.88 (31.00%) 17.52 (10.30%) 59.79 (-)
Gross Profit 15.88 (31.00%) 17.52 (10.30%) 59.79 (-)
Net Income 15.88 (31.00%) 17.52 (10.30%) 59.79 (-)
Assets 15.88 (31.00%) 17.52 (10.30%) 59.79 (-)
Liabilities 15.88 (31.00%) 17.52 (10.30%) 59.79 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Kahan Packaging Ltd 17.52 1.03 9.50 7.77 59.79 0.00 17.29 1.82 0.81
Sah Polymers Ltd 95.40 3.42 126.16 126.16 4.03 2.10 33.95 2.70 0.30
Rishi Techtex Ltd 106.84 1.11 72.77 72.77 3.64 1.51 41.26 1.52 0.77
Uflex Ltd 14,662.51 480.68 16,437.68 16,437.68 6.41 66.57 1,039.38 2.92 0.73

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Purva Sharegistry (India) Pvt

Shiv Shakti Indust,
Unit No 9 Lower Pare,
7 B J R Boricha Marg - Mumbai-400011
Phone : 91-022-23016761

Company Contact Information

212 Jhalawar Services Premises,
ES Patanwalla Compound LBS Mrg,
Mumbai - 400086
Phone : +91-22-25004605 Email : info@kahanpackaging.com www.kpackltd.com

Offer Related Information

Initial public offer of 7,20,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Kahan Packaging Limited ("The Company" or "KPL" or "Issuer") at an issue price of Rs. 80 per equity share (including a share premium of Rs. 70 per equity share) for cash, aggregating up to Rs. 5.76 crores ("Public Issue") out of which 40,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 80 per equity share for cash, aggregating Rs. 0.32 crores will be reserved for... More

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