Khyati Global Ventures, a company known for its involvement in the export and repackaging of various fast-moving consumer goods (FMCG), has launched its Initial Public Offering (IPO). This IPO has grabbed the attention of investors, and the response so far has been positive.
The Khyati Global Ventures IPO opened for subscription on Friday, October 4, and will close on Tuesday, October 8. The company has set a price band of ₹99 per share with a face value of ₹10. A minimum bid requires 1,200 shares, meaning investors need to purchase at least 1,200 shares in a single lot to participate in the IPO.
As of Day 1 of the subscription, the IPO was subscribed 1.81 times overall. The retail portion of the offering was particularly popular, being subscribed 2.85 times. Non-Institutional Investors (NII) also showed significant interest, with their portion being booked 77%. On the first day, the company received bids for 31,78,800 shares, which significantly exceeded the 17,54,400 shares available for offer, according to Chittorgarh.com.
Founded in 1993, Khyati Global Ventures (formerly Khyati Advisory Services Ltd) specializes in the export of both food and non-food FMCG products. The company also deals in festive handicrafts and household items. In addition, it is involved in the trading of pharmaceutical products, further diversifying its business portfolio.
IPO Size and Purpose
The total size of the Khyati Global Ventures IPO is ₹18.30 crore. This includes a fresh issue of 1,048,000 equity shares, each with a face value of ₹10. Additionally, there is an offer for sale of 800,000 shares.
In the grey market, Khyati Global Ventures IPO had a GMP of ₹0 on the first day of subscription. This means that the shares were trading at their issue price of ₹99, with neither a premium nor a discount in the grey market. The GMP is often considered an indicator of investor sentiment, and in this case, it shows that the market is neutral regarding any price rise above the issue price.
The Khyati Global Ventures IPO has generated significant interest, particularly from retail investors. With strong demand and a steady subscription rate, the company appears to be in a solid position to achieve its financial goals. While the grey market premium remains neutral, investors continue to keep a close eye on the company’s future growth prospects. The IPO’s performance in the coming days will further reveal how much confidence investors have in Khyati Global Ventures.
Investors are encouraged to carefully review the company’s financials and growth plans before making any decisions, as the IPO market can be volatile.
