kahan packaging limited ipo gmp price band and lot size

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New Delhi: If you want to invest in IPO then you have a good chance this week. IPOs of many companies are going to be launched. In this, the IPO of SME company Kahan Packaging is going to open on 6th September. This bulb packaging solutions company is looking to raise Rs 5.76 crore through an IPO of 7.2 lakh shares. Investments can be made in this IPO from 6 to 8 September. However, this IPO is already creating a buzz in the gray market. Half of this IPO will be reserved for retail investors. The allotment of shares can happen on 13 September. After this it can be on MME platform of BSE. Through this issue, 7.20 lakh new shares of face value of Rs 10 will be issued.

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What is GMP

As per the upper price band of the issue, it is trading in the gray market at a gray market premium of Rs 75, ie 93.75 per cent. According to market experts, if this boom in the gray market continues, investors can get a bumper profit of 94 per cent on the day of listing itself. The company is expanding its business. Its net profit is continuously increasing. In the last financial year, the company had a net profit of 57.35 crores in the first 9 months.

what does the company do

Kahn Packaging Ltd. operates in business-to-business segment. Provides packaging solutions to various industries such as agro-pesticide industry, cement industry, fertilizer industry, food products industry and chemical industry.

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Jupiter Life Line Hospitals

The IPO of multi-specialty healthcare Jupiter Life Line Hospitals will also open on 6 September. Its price band has been fixed at ₹695 – ₹735 per share. The issue will close on Friday, 8 September. The company will raise Rs 869 crore through this IPO. The company has fixed a lot size of 20 equity shares for this IPO. The allotment of shares under the IPO can be completed by September 13. The listing of this IPO is likely to happen on 18 September.

On the other hand, the IPO of Sewage Infra Player will open for subscription on Friday, 8 September. This IPO will close on 12 September. The allotment of its shares will be done on 15 September.

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