Kahan Packaging Ltd. makes a strong debut on the bourses with scrip got listed at Rs 152.00 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 80.00.
The company, which raised 0.07 Cr from initial public offering, was subscribed 692.34 times, receiving bids for 4,984.85 lakhs shares against the total issue size of 7.20 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 06 to Sep 08.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Hem Securities Ltd as lead managers & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 67,519.00, up 52.01 points, or 0.07 per cent.