The Khyati Global Ventures IPO has grabbed significant attention as it opened for subscription on Friday, October 4, and is set to close on Tuesday, October 8. Investors are keen to participate in this opportunity, with a fixed price band of ₹99 per share and a face value of ₹10. The minimum market lot for this IPO is 1,200 shares, making it accessible for both retail and institutional investors.
Khyati Global Ventures IPO Subscription Status
- As of Monday, October 7, the Khyati Global Ventures IPO subscription status stands at an impressive 8.45 times by 5:00 PM on day 2.
- Specifically, the retail portion saw remarkable interest, being subscribed 13.89 times, while the Non-Institutional Investor (NII) portion was subscribed 3.01 times.
- The overall response indicates that the company has received bids for 1,48,24,800 shares, significantly surpassing the 17,54,400 shares available for subscription.
- On day 1, the subscription was reported at 2.86 times, showcasing strong demand right from the start.
Khyati Global Ventures Business Overview
Khyati Global Ventures operates as an exporter and re-packager of various fast-moving consumer goods (FMCG), including sub-categories of food items, non-food products, household items, and festive handicrafts. Additionally, the company is involved in the distribution of pharmaceutical products.
The key customer base includes wholesalers and supermarket importers, particularly those engaged in running chains of supermarkets in international markets. By leveraging economies of scale, Khyati Global Ventures effectively optimizes operational costs such as rental, administration, maintenance, and employment expenses, which subsequently enhances its profitability. The organization also benefits from bespoke IT and operational management systems tailored to its specific business requirements.
Financial Performance
In terms of financials, the company reported revenue of ₹104.64 crores for the fiscal year 2024, reflecting an increase from ₹96.17 crores in 2023. Furthermore, the profit after tax for 2024 was recorded at ₹2.53 crores, up from ₹2.07 crores in the previous year, indicating a positive growth trajectory.
Khyati Global Ventures IPO GMP
The Grey Market Premium (GMP) for the Khyati Global Ventures IPO was reported as ₹0 as of Monday, October 7. This signifies that the IPO is currently trading at its issue price of ₹99, with no premium or discount observed in the grey market.
Investor Insights
Investors looking at the Khyati Global Ventures IPO should consider the robust subscription status and the company’s steady financial performance as potential indicators of its viability. With increasing demand for FMCG products globally and a strong operational framework, this IPO presents an intriguing investment opportunity for those keen on tapping into the FMCG sector.
Final Thoughts
The Khyati Global Ventures IPO is shaping up to be a noteworthy event in the market, attracting a diverse range of investors. As the closing date approaches, potential investors should stay informed and evaluate the details to make educated investment decisions.
