SME IPO in October: Khyati Global Ventures Ltd. successfully concluded its initial public offering (IPO) on Tuesday, October 9, 2023, experiencing an exceptional response from investors. The IPO was oversubscribed by an impressive 15.17 times, with a significant contribution from retail investors, showcasing the company’s strong market appeal.
On the final day of bidding, the IPO witnessed demand soaring to 8.45 times the number of available shares. This enthusiasm was evident from the outset, as the subscription rate reached 2.86 times on the first day, demonstrating robust investor interest.
The IPO aimed to raise a total of ₹18.3 crore and garnered a staggering total of 2.66 crore bids against an offering of 17.54 lakh shares, according to data provided by market tracker Chittorgarh. This high level of interest signifies the market’s confidence in Khyati Global Ventures and its growth prospects.
Khyati Global Ventures IPO Breakdown
The offering consisted of a fresh issue of 10.48 lakh shares valued at ₹10.38 crore, paired with an offer-for-sale (OFS) of 8 lakh shares valued at ₹7.92 crore. The share price was set competitively at ₹99 per share. Retail investors were required to place bids for a minimum of one lot, which comprised 1,200 shares, amounting to a total investment of ₹1,18,800.
Khyati Global Ventures IPO Key Dates
Important dates for the Khyati Global Ventures IPO included allotments slated to be finalized on October 9. Investors who successfully secured shares can expect them to be credited to their Demat accounts by October 10. Refunds for those who were unsuccessful in their bids will also be processed on the same day. Moreover, shares are projected to debut on the BSE SME platform on October 11, marking an exciting milestone for the company.
Khyati Global Ventures IPO: Size, Price Band, and Lot Size
Khyati Global Ventures targeted a total fundraise of ₹18.3 crore through its initial public offering. The offering was structured with a fresh issue of 10.48 lakh shares valued at ₹10.38 crore, along with an OFS of 8 lakh shares, estimated to generate ₹7.92 crore. The fixed share price for the IPO was set at ₹99 each, and for retail investors, the minimum lot size constituted 1,200 shares, leading to a total investment requirement of ₹1,18,800.
How to Check Khyati Global Ventures IPO Allotment Status
Investors who wish to check the allotment status of Khyati Global Ventures’ IPO can follow these simple steps:
- Visit the official BSE website.
- Select the issue type as ‘Equity.’
- From the dropdown menu, choose Khyati Global Ventures Limited.
- Enter your application number or PAN (Permanent Account Number).
- Complete the captcha verification.
- Click the ‘Search’ button to view your allotment status.
Khyati Global Ventures Overview
Founded in 1993, Khyati Global Ventures specializes in exporting a diverse range of fast-moving consumer goods (FMCG), including food products and household items. The company has established its presence in over 40 countries, representing renowned Indian brands such as Parle G and MDH. In addition to FMCG, Khyati Global Ventures also engages in the pharmaceutical sector and offers festive handicrafts, further diversifying its portfolio.
Khyati Global Ventures Financial Performance
With significant growth recorded in its financials, Khyati Global Ventures has seen its profits increase from ₹1.49 crore in FY2022 to ₹2.53 crore in FY2024. The funds raised through the IPO are intended to bolster the company’s working capital, ensuring continued operational efficiency and the ability to meet its corporate needs.
Khyati Global Ventures GMP
As of October 9, the grey market premium (GMP) for Khyati Global Ventures stood at ₹0. This figure provides insight into investor sentiment but is speculative in nature; it is crucial to recognize that GMP does not reflect the official listing price of the shares and should be interpreted cautiously.
