Kahan Packaging's Small and Medium-Sized Enterprise (SME) Initial Public Offering (IPO) is set to open on September 6. Here are ten key details you should be aware of regarding this IPO:
1. Fresh Equity Issue
The IPO exclusively comprises a fresh equity issue, with up to 7.2 lakh equity shares being offered. These shares collectively amount to Rs 5.76 crore.
2. Utilization of Funds
Kahan Packaging intends to utilize the funds raised from the IPO for specific purposes, which may include business expansion, working capital requirements, debt repayment, or other corporate objectives.
3. Offer Price
The IPO will be offered in a certain price range, which will be disclosed in due course. Investors are encouraged to stay updated with the latest information regarding the offer price.
4. Minimum Subscription Amount
Investors should note the minimum amount required for subscription, which will also be revealed as part of the IPO details.
5. IPO Duration
The IPO's opening date is September 6, and it will remain open for a specific duration. Investors must ensure they apply for shares within this timeframe.
6. Eligible Investors
The IPO is open to a wide range of investors, including individuals, institutions, and non-resident Indians (NRIs), subject to applicable regulations.
7. Bidding Process
Investors should familiarize themselves with the bidding process, including the number of shares they can bid for and the method of application.
8. IPO Allotment
The process of allotting shares to investors will be carried out according to predefined criteria. Investors will receive information about the allotment process as the IPO progresses.
9. Trading Platform
Shares allotted through the IPO will be listed on a specific stock exchange or trading platform, where investors can buy and sell them.
10. Risk Factors
As with any investment, it's important for investors to consider the risk factors associated with the IPO and conduct due diligence before participating.
Investors and market participants should stay informed about Kahan Packaging's SME IPO by following official announcements and guidelines. The IPO presents an opportunity for investors to participate in the growth of the company and contribute to the SME sector's development.