Incorporated in 2016, Kahan Packaging Limited provides bulk packaging solutions to business-to-business ("B2B") manufacturers catering to different industries such as the Agro-Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry, and Food Products Industry.
Kahan Packaging manufactures and supplies Polypropylene (PP)/ High-Density Polyethylene (HDPE) Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric- UnLaminated, 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.
The company manufactures all its products in-house in its manufacturing units located in Asangaon, Maharashtra. The installed production capacity of Factory-I for woven fabrics is 2,600 m.t. p.a. The Company has also expanded its business by setting up a new manufacturing unit and installing a Multicolor (up to 8 Colors) Roto-Gravure Printing Machine for flexible packaging and printing processes including polyester, Nylon, BOPP, Foil, low and high-density polyethylene polypro plane and paper with two-sided printing facilities with high-speed hot air dryers with installed production capacity of 500 m.t. p.a.
KPL recorded Rs. 1,751.79 lacs and Rs. 1,587.95 Lacs in Revenue from Operations as of March 31, 2023, and March 31, 2022, respectively.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet working capital requirements; | ₹4 |
| General Corporate Purpose | ₹1 |
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Total Assets | 1,449 | 975 | 898 |
| Revenue | 1,756 | 1,591 | 1,213 |
| PAT | 103 | 20 | 2 |
| Net Worth | 173 | 70 | 50 |
| Reserves | 73 | 20 | -0 |
| Total Borrowing | 774 | 617 | 442 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 339,200 (47%) | — |
| Retail (RII) | — | 340,800 (47%) | — |
| Market Maker | — | 40,000 (6%) | — |
| Total | — | 720,000 (100%) | — |
* Amount calculated at upper price band (₹80) · ** Total includes all investor categories
- 1 Initiation of Refund 14 Sep 2023
- 2 Credit of Shares to Demat 15 Sep 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 21x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹10.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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