The allotment date for the Kahan Packaging IPO will be finalized today, September 13. Investors who have applied for the IPO can check their share allotment status on the registrar’s portal, Purva Sharegistry India Pvt Ltd.
The basis of allotment determines if and how many shares an investor has been given. For individuals who were not allotted any shares, the refund process will begin on September 14. Those who were allotted shares will receive them in their demat accounts on September 15.
The Kahan Packaging share price will be listed on the BSE SME on September 18. Investors who have applied for the shares can check their allotment status on the website of the IPO registrar, Purva Sharegistry India Pvt Ltd.
To check your Kahan Packaging IPO allotment status on Purvashare:
- Log in to the Kahan Packaging IPO allotment page – https://www.purvashare.com/queries/
- Choose IPO Name ‘Kahan Packaging’ from the dropdown menu.
- Select one of the three options to check your status: Application No, Demat Account, or PAN.
- Click on the ‘Search’ button.
- Your Kahan Packaging IPO allotment status will be displayed on the screen.
The grey market premium (GMP) for Kahan Packaging IPO is currently +72, indicating that the shares are trading at a premium of ₹72 in the grey market. This suggests that the listing price of Kahan Packaging shares is estimated to be ₹152, which is 90% higher than the IPO price of ₹80.
The Kahan Packaging IPO is a completely fresh issue with no offer for sale (OFS) component. The company intends to use the net proceeds from the offering for working capital requirements and general corporate purposes.
Kahan Packaging Ltd is a manufacturer catering to various B2B industries such as agro-pesticides, cement, chemicals, fertilizers, and food products. The minimum bid for the IPO is 1,600 shares in one lot, with multiples thereafter.
The book-running lead manager for the IPO is Hem Securities Ltd.
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Sources:
– Purva Sharegistry India Pvt Ltd
– topsharebrokers.com (grey market premium)
– Hem Securities Ltd
Definitions:
– IPO: Initial Public Offering, the first sale of a company’s shares to the public
– Registrar: An entity appointed by a company to maintain a record of shareholders and handle related matters
– Allotment: The distribution of shares to investors who have applied for an IPO
– Demat Account: An account that holds shares and securities in an electronic format
– Grey Market Premium: The premium at which IPO shares are traded in the unofficial market before listing on the stock exchange.
