Khyati Global Ventures IPO Subscribed on Opening Day Due to Strong Retail Demand
Khyati Global Ventures IPO witnessed strong retail demand, getting oversubscribed on the opening day. Learn about IPO size, allotment details, and financial growth of the company.
New Delhi, 4 October 2024 – The Khyati Global Ventures IPO witnessed a remarkable start as it got fully subscribed within hours of its launch on 4 October, driven primarily by overwhelming demand from retail investors. By 1:30 PM on the opening day, the IPO had been subscribed more than 1.5 times, with the retail category oversubscribed by 2.3 times and the Non-Institutional Investors (NII) category reaching 73% subscription.
The IPO, aiming to raise ₹18.30 crore, consists of a combination of fresh issue shares and an offer for sale. Khyati Global Ventures is looking to issue 10.48 lakh fresh equity shares worth ₹10.38 crore, while 8 lakh equity shares worth ₹7.92 crore will be offered for sale.
Key Details of Khyati Global Ventures IPO
- IPO Size: ₹18.30 crore
- Issue Type: Fixed Price Issue
- Fresh Issue: 10.48 lakh equity shares worth ₹10.38 crore
- Offer for Sale: 8 lakh equity shares worth ₹7.92 crore
- Price Band: ₹99 per share
- Lot Size: Minimum 1,200 shares (equivalent to ₹1,18,800) for retail investors
- Retail Subscription Status: 2.3 times oversubscribed by mid-day
- NII Subscription: 73% subscribed
- GMP (Grey Market Premium): ₹0, indicating no active premium in the grey market
Important Dates and Allotment Details
The IPO will remain open for subscription until 8 October 2024, with share allotment likely to be finalized by 9 October 2024. Successful bidders can expect shares to be credited to their Demat accounts by 10 October 2024, and refunds for unsuccessful bidders will be processed on the same day. The shares are expected to be listed on the BSE SME platform on 11 October 2024.
Khyati Global Ventures: Company Overview
Khyati Global Ventures Limited, formerly known as Khyati Advisory Services Limited, was established in 1993. The company is a prominent exporter and repacker of a diverse range of FMCG products, including food and non-food items, household products, and festive handicrafts. Additionally, the company is involved in the pharmaceuticals segment. Its clientele includes wholesalers and importers who supply to large supermarket chains overseas.
The company has shown impressive financial growth, with revenue increasing by 9% and Profit After Tax (PAT) rising by 23% between FY23 and FY24. For FY24, the company’s revenue stood at ₹27.16 crore, and PAT reached ₹94.67 lakh.
| Financial Metrics | FY23 | FY24 |
|---|---|---|
| Revenue (₹ crore) | 24.92 | 27.16 |
| PAT (₹ lakh) | 76.93 | 94.67 |
Investment Opportunities and Growth Prospects
Khyati Global Ventures’ diversified product portfolio across the FMCG and pharmaceuticals sectors positions it for future growth in the international market. The IPO proceeds will help the company strengthen its balance sheet, increase working capital, and potentially expand its operations.
Given the positive response from retail investors and its strategic positioning, analysts expect the company’s listing on the BSE SME platform to perform well. However, the Grey Market Premium (GMP) for the IPO currently stands at ₹0, suggesting muted speculative interest at this point.
How to Apply and Check Allotment Status
Investors can apply for the Khyati Global Ventures IPO through various brokerage platforms. The allotment status can be checked on the official website of the registrar. Investors will need to select the company name, enter their PAN, application number, or DP ID to view their status.
For further details on IPO allotment and listing, investors can also visit the BSE website under the ‘Investor Services’ section.
Conclusion
With the Khyati Global Ventures IPO seeing strong demand from retail investors, it reflects the confidence in the company’s growth potential and its position in the FMCG and pharmaceuticals market. While the absence of a GMP premium may raise questions for speculative traders, long-term investors can still see value in the company’s expansion plans.
