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Kahan Packaging Limited IPO: Another IPO has opened for funding. This is the IPO of Kahn Packaging Limited. The fixed price of Kahan Packaging IPO is Rs 80. The company’s IPO will be open for subscription till September 8. Total issue size of Kahan Packaging Limited IPO is Rs. 5.76 crores. The company provides bulk packaging solutions.
GMP of IPO is Rs. Reached 72
Kahn Packaging Limited’s IPO is getting tremendous response in the gray market. The gray market premium (GMP) of the company’s shares has reached Rs.72. Kahn Packaging’s IPO price is Rs.80. If the gray market premium is Rs. 72, then the shares of the company are Rs. 152 can be listed. That is, investors who put money in the IPO on the day of listing can get 90% profit.
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The company’s shares can be listed on September 18.
The allotment of shares in the Kahan Packaging IPO may be finalized on Wednesday, September 13, 2023. At the same time, the company’s shares may be listed on the exchange on September 18. Retail investors can apply for 1 lot in a company’s IPO. Company’s IPO has 1600 shares in 1 lot. That is, investors have to invest 1.28 lakh rupees for 1 lot. Kahn Packaging provides bulk packaging solutions to agro pesticides, cement industry, chemical, fertilizer and food products industries.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.