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GKP Printing & Packaging Ltd. (GKPP) was established in the year 1994 with a vision to become one of the leading manufacturers in the world of packaging. G.K.P Printing & Packaging Ltd. caters to various industries such as garment exports, Steel utensils, Playing Cards, Liquor, Toys, Pharma, Printers, Engineering, Confectionery, and FMCG.
GKP is one of the leading manufacturers and exporters in India of Cardboard Boxes, Corrugated Boxes, Display Boxes, Mailer Boxes, Labels, Stickers, Tags, Inserts & Leaflets, Mono Cartons, etc.
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Some of the biggest clients for G.K.P have been TCS, Naaptol, rediff.com, ShopCJ, etc
GKP's IPO came in the month of April 2019, with the start date being 23rd April 2019 and the last date for application was 26th April 2019. At the time, G.K.P's revenue came 68% from manufacturing while the remaining 32% came from trading activities.
The Issue size for the IPO was 2,056,000 shares with a face value of Rs.10 each, aggregating to a number of Rs. 6.58 crore with the IPO price being Rs.32 per share. The Issue lot size was 4000 shares.
The company got listed on the Bombay Stock Exchange (BSE) on 8th May 2019. The listing price was Rs. 16.5 for the stock.
After being in consolidation, within price ranges of Rs. 8 to Rs. 25, for almost a year. It was only in June 2020, right when the markets saw a rise after falling by more than 40% due to Covid, that the stock entered into an upward movement that continued for almost 7 months.
The stocks of GKPP showed a sideways movement from January 2021, when the price was Rs.134, till June 2022. After that, the stock prices were on a rise for 21 consecutive days to close at Rs. 209.50 as of 11th July 2022, up by 1.01% since its opening price of Rs. 208.50.
If an Investor had invested Rs. 66,000 (4,000 shares at Rs. 16.50) on the listing day of the stock. The investment amount would have become Rs. 8,38,000 as of 11th July 2022 in just 2 years. That is the investor would be sitting on a return of 1169.67%.
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-by Gautam
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