Khyati Global Ventures IPO is a fixed price issue of Rs 18.30 crores. The issue is a combination of fresh issue of 10.48 lakh shares aggregating to Rs 10.38 crores and offer for sale of 8 lakh shares aggregating to Rs 7.92 crores.
Khyati Global Ventures IPO opens for subscription on October 4, 2024 and closes on October 8, 2024. The allotment for the Khyati Global Ventures IPO is expected to be finalized on Wednesday, October 9, 2024. Khyati Global Ventures IPO will list on BSE SME with tentative listing date fixed as Friday, October 11, 2024.
Khyati Global Ventures IPO price is ₹99 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹118,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹237,600.
Aryaman Financial Services Limited is the book running lead manager of the Khyati Global Ventures IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Khyati Global Ventures IPO is Aryaman Capital Markets.
Refer to Khyati Global Ventures IPO RHP for detailed information.
About Khyati Global Ventures Limited –
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 which include sub-categories of food, non-food FMCG products, household products, and festive handicrafts. The company also deals in 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 such as Everest, Parle G, MDH, Fortune, Aashirvaad, Gowardhan, Balaji Wafers, Haldiram’s, Himalaya, Dove, Colgate, Unilever, Godrej, etc. as well as locally manufactured products. The company deals in basic items used by end consumers in their daily lives. The product portfolio includes:
- Non-Food FMCG products
- Food products
- Pharmaceutical products
- Festive, pooja and handicraft products
- Household products
Competitive strengths:
- Well-established infrastructure facilities: The company has four offices in Juhu, Maharastra. The company also has a warehouse in Navi Mumba, Maharashtra. The warehouse is spread over an area of 20,000 sq ft, which provides access to a huge area that facilitates the unloading of products from various vendors.
- Diverse product range in the portfolio
- Focus on export business: The company has exported foodstuffs, cosmetics, household products, pharmaceuticals, and handicraft products to more than 40 countries.
- Experienced promoters and management team
- Consistent financial performance: Based on the company’s restated financial statements, the company’s profit after tax (PAT) has increased from Rs. 149.66 lakhs in FY 2022 to Rs. 253.19 lakhs in FY 2024, representing a CAGR of 30.07%.
Khyati Global Ventures IPO Details
| IPO Date | October 4, 2024 to October 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,848,000 shares (aggregating up to ₹18.30 Cr) |
| Fresh Issue | 1,048,000 shares (aggregating up to ₹10.38 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹7.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,930,100 |
| Share holding post issue | 6,978,100 |
| Market Maker portion | 93,600 shares Aryaman Capital Markets |
Khyati Global Ventures IPO Timeline (Tentative Schedule)
Khyati Global Ventures IPO opens on October 4, 2024, and closes on October 8, 2024.
| IPO Open Date | Friday, October 4, 2024 |
| IPO Close Date | Tuesday, October 8, 2024 |
| Basis of Allotment | Wednesday, October 9, 2024 |
| Initiation of Refunds | Thursday, October 10, 2024 |
| Credit of Shares to Demat | Thursday, October 10, 2024 |
| Listing Date | Friday, October 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 8, 2024 |
Khyati Global Ventures IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
| Lot Size Calculator | |||
Khyati Global Ventures IPO Promoter Holding
Ramesh Rughani, Chandrika Rughani, Khyati Rughani, Aditi Raithatha and Hiren Raithatha are the company’s promoters.
| Share Holding Pre Issue | 87.46% |
| Share Holding Post Issue | 62.86% |
Khyati Global Ventures IPO Reservation
Khyati Global Ventures IPO offers 18,48,000 shares. 8,77,200 (47.47%) to NII, 8,77,200 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 93,600 (5.06%) |
| Other Shares Offered | 8,77,200 (47.47%) |
| Retail Shares Offered | 8,77,200 (47.47%) |
| Total Shares Offered | 18,48,000 (100%) |
Company Financials
Khyati Global Ventures Limited Financial Information (Restated)
Khyati Global Ventures Limited’s revenue increased by 9% and profit after tax (PAT) rose by 23% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,911.62 | 5,275.97 | 3,458.9 | 3,468.13 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,716.92 | 10,464.09 | 9,617.14 | 9,362.7 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 94.67 | 253.19 | 205.66 | 149.66 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,773.02 | 1,188.19 | 935 | 729.35 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,180.01 | 670.59 | 805.6 | 599.95 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,708.14 | 1,768.92 | 1,575.05 | 1,414.56 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Khyati Global Ventures IPO is Rs 69.08 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 25.58% |
| ROCE | 17.73% |
| Debt/Equity | 1.02 |
| RoNW | 5.34% |
| P/BV | 3.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.27 | 5.43 |
| P/E (x) | 23.19 | 18.24 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (Khyati Global Ventures IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding Working capital requirements; and
- General Corporate Purpose.
