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Kahan Packaging Limited IPO Review

Kahan Packaging Limited was engaged in polypropylene (PP) woven sacks and high-density polyethylene (HDPE) woven sacks are tough, budget-friendly, and eco-friendly solutions for various packaging needs, including storing food grains, agricultural goods, spices, fertilizers, and cement. They have consistently prioritized quality as their central focus, with the ultimate goal of ensuring complete customer satisfaction. They meticulously oversee every aspect of their manufacturing process, from sourcing raw materials to delivering the finished products, to maintain high standards and meet customer expectations.

Their Vision is to become a worldwide frontrunner in polymer-based products, serving various applications. Their mission is to transform into a company that helps improve the lives of millions of households. Their Competitive Strengths are a Wide Range of Products, In-house Manufacturing capabilities, Strong relationships with customers and suppliers, Experienced management team with industry expertise. Their Business Strategies are to Expand their domestic presence in existing and new markets, expand their existing product portfolio, focus on consistently meeting quality standards, 

Kahan Packaging Limited Products and Services

They specialize in the manufacturing and supply of a wide range of packaging products made from polypropylene (PP) and high-density polyethylene (HDPE). Their product offerings include laminated and unlaminated woven fabric, woven bags, bags with liners, and printed laminates for flexible packaging. They can customize their products in terms of weight, size, and color to meet the specific needs of their B2B clients. Their tailored packaging solutions are designed to serve various industries, including agro-pesticides, cement, chemicals, fertilizers, and food products.

These two materials, often employed in bulk packaging, are favored for their advantages, such as strength, lightness, adaptability, recyclability, resistance to chemicals and moisture, cost-effectiveness, and superior tear resistance. Moreover, their lightweight nature results in reduced carbon emissions during transportation. they’ve consistently invested in improving their manufacturing capabilities to meet the demands of their diverse product range.  

Financial Overview

The company operates in a fiercely competitive and divided market. The significant increase in net profit for FY23 seems like an attempt to make the IPO look more attractive than it actually is. Considering the exceptional earnings in FY23, it seems that the IPO is priced with excessive greed. The limited amount of equity capital available after the IPO suggests that it will take a longer time to transition to the mainboard. There is no harm in skipping this Pricey issue.