Khyati Global Ventures IPO: Key Dates, Issue Price, and Listing Details

Khyati Global Ventures Limited, formerly known as Khyati Advisory Services Limited, was incorporated in 1993 and is an exporter and repacker of a variety of FMCG products including food, non-food FMCG products, household products, festive handicrafts, and pharmaceutical products. The company's customers include wholesalers and importers of supermarkets operating a chain of supermarkets abroad. The company deals in globally recognized Indian brands and has exported to more than 40 countries.

The Objectives of the Issue

Khyati Global Ventures Limited intends to utilise the Net Proceeds from the Issue towards the following objectives:

1. Funding Working capital requirements
2. General Corporate Purpose

Highlights of Khyati Global Ventures IPO

Khyati Global Ventures IPO is set to launch with a fixed price issue of ₹18.30 crores. The issue is a combination of fresh issue and offer for sale. Here are the key details of the IPO:

• The IPO opens for subscription on 4th October 2024 and closes on 8th October 2024.
• The allotment is expected to be finalised on 9th October 2024.
• Refunds will be initiated on 10th October 2024.
• Credit of shares to Demat accounts is also expected on 10th October 2024.
• The company will tentatively list on BSE SME on 11th October 2024.
• The issue price is fixed at ₹99 per share.
• The fresh issue comprises 10.48 lakh shares aggregating to ₹10.38 crores.
• The offer for sale comprises 8 lakh shares aggregating to ₹7.92 crores.
• The minimum lot size for the application is 1200 shares.
• Retail investors need to invest a minimum of ₹118,800.
• The minimum investment for HNI is 2 lots (2,400 shares), amounting to ₹237,600.
• Aryaman Financial Services Limited is the book running lead manager for the IPO.
• Bigshare Services Pvt Ltd serves as the registrar.
• Aryaman Capital Markets is the market maker for the IPO.

Khyati Global Ventures IPO - Key Dates

The cut-off time for UPI mandate confirmation is 5:00 PM on 8th October 2024. This deadline is crucial for investors to ensure their applications are processed successfully. Investors are advised to complete their applications well before this deadline to avoid any last-minute technical issues or delays.

Khyati Global Ventures IPO Issue Details/Capital History

Khyati Global Ventures IPO is scheduled from 4th October to 8th October 2024, with a fixed price of ₹99 per share and a face value of ₹10. The total issue size is 18,48,000 shares, raising up to ₹18.30 crores through a combination of fresh issue and offer for sale. The IPO will be listed on BSE SME. The pre-issue shareholding is 59,30,100 shares.

Khyati Global Ventures IPO Allocation & Minimum Investment Lot Size

The IPO shares are allocated across different investor categories as follows:

Investors can place bids for a minimum of 1200 shares, with additional bids required in multiples of this figure. The table below illustrates the minimum and maximum investment amounts for retail investors and HNIs, expressed in shares and monetary values.

SWOT Analysis: Khyati Global Ventures Ltd

Strengths:

• Well-established infrastructure facilities
• Diverse product range in the portfolio
• Strong focus on export business with presence in over 40 countries
• Experienced promoters and management team
• Consistent financial performance

Weaknesses:

• Dependence on third-party supply for repacking
• Limited geographical presence of warehousing facilities

Opportunities:

• Expansion into new international markets
• Potential for vertical integration in the supply chain
• Growing demand for Indian FMCG products globally

Threats:

• Fluctuations in currency exchange rates
• Intense competition in the FMCG export sector
• Regulatory changes affecting international trade

Financial Highlights: Khyati Global Ventures Ltd

Below are the financial results for the recent periods:

Khyati Global Ventures Limited has shown steady growth in recent years. The company's revenue increased by 9%, and profit after tax (PAT) rose by 23% between the financial year ending on 31st March 2024 and 31st March 2023.

Assets have shown significant growth, increasing from ₹3,468.13 lakhs in FY22 to ₹4,911.62 lakhs as of 30th June 2024, representing a growth of about 41.6% over this period.

Revenue has seen consistent growth, rising from ₹9,362.7 lakhs in FY22 to ₹10,464.09 lakhs in FY24, marking an increase of 11.8% over two years. The revenue for Q1 FY25 (ending 30th June 2024) stands at ₹2,716.92 lakhs, indicating continued strong performance.

The company's profitability has improved significantly. Profit After Tax increased from ₹149.66 lakhs in FY22 to ₹253.19 lakhs in FY24, representing a growth of 69.2% over two years.

Net Worth has shown strong growth, increasing from ₹729.35 lakhs in FY22 to ₹1,773.02 lakhs as of 30th June 2024, a growth of about 143% over this period.

Total Borrowings have increased from ₹1,414.56 lakhs in FY22 to ₹1,708.14 lakhs as of 30th June 2024, which represents an increase of about 20.8% over this period.

The company's financial performance shows a trend of steady revenue growth and improving profitability. However, investors should note the increase in borrowings and consider the debt-to-equity ratio of 1.02. The substantial increase in Net Worth indicates a strengthening financial position. Investors should evaluate these financial trends along with the company's market position and future growth prospects when considering the IPO.