Kahan Packaging, which saw over ₹1,000 crore subscription from retail investors, doubled on listing day on the BSE-SME on Friday. The stock listed at ₹152 against IPO price of ₹80 and further rose 5 per cent at ₹159.60.
The public issue of this little-known Mumbai based firm saw bids over 1,044 times from retail investors. Non-institution investors portion received bids for 405.59 times. The issue was subscribed 690 times overall.
Strong response
Kahan Packaging raised ₹5.76 crore through the IPO. The company plans to use the net proceeds from the offering to meet working capital requirements, and general corporate purpose.
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/primexbt-markets-e1738588646201.jpg)
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/primexbt-markets.jpg)
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/PrimeXBT-Trading.jpg)
Kahan Packaging became the 453rd company to get listed on the BSE-SME Platform, after successfully completing its public issue on September 8.
The company provides bulk packaging solutions to business-to-business manufacturers catering to different industries such as the agro-pesticides industry, cement, chemical, fertiliser and food products.
Kahan Packaging manufactures and supplies Polypropylene/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.
