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Kahan Packaging IPO Listing: Kahan Packaging’s IPO received the highest bid this year and entered the market today. The IPO was subscribed more than 730 times. Retail investors subscribed more than 1042 times. The IPO of Kahan Packaging, which offers packaging services, is listed on BSE SME at a premium of 90%. Its shares today are Rs. 152, while the IPO was priced at Rs. 80 was released.
Kahan Packaging brought this IPO for 7.20 lakh equity shares. The company reserved 3.408 lakh equity shares for retail investors. Kahn Packaging is a leading polymer superior fabric and bag manufacturing company.
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The Kahn Packaging IPO opened for subscription on Wednesday, September 6 and closed on Friday, September 8. The company had fixed the IPO price band at ₹80 per equity share. Kahn Packaging IPO is valued at ₹ 5.76 crore. The Company plans to use the net proceeds from the Offering to meet working capital requirements and general corporate purposes.