Kahan Packaging debuted on the BSE SME platform with its shares listing at Rs 152, marking a significant 90% jump from the IPO price of Rs 80. The SME IPO, open for subscription from September 6 to September 8, 2023, witnessed overwhelming demand and oversubscribed by a staggering 690 times. Investors snapped up 49.67 crore equity shares within three days, surpassing the offer size of 7.2 lakh shares. The IPO subscription was exceptional, at 689.92 times the goal of Rs 5.76 crore. Retail investors oversubscribed by 1,044.8 times, while HNIs and others exceeded their reserved portion by 416.2 times, with a total bid value of Rs 3,973.95 crore. Through its IPO, Kahan Packaging raised Rs 5.76 crore by issuing 7.2 lakh shares. 40,000 shares were reserved for the market maker, while the remaining 6.8 lakh shares were equally divided between retail investors and HNIs in a 50:50 ratio.