Khyati Global Ventures Ltd. has generated considerable excitement in the market with its Initial Public Offering (IPO). The subscription period opened on October 4 and will conclude on October 8. Each share is priced at ₹99, with a face value of ₹10, and investors can apply for a minimum of 1,200 shares.
Established in 1993, Khyati Global Ventures, previously known as Khyati Advisory Services Ltd., focuses on exporting and repackaging a variety of fast-moving consumer goods (FMCG). Their product range includes food and non-food items, household goods, and festive handicrafts. The company also trades in pharmaceutical products.
On the second day of the bidding process, Khyati Global Ventures’ IPO has been oversubscribed by 5.33 times, reflecting strong investor demand. Notably, the retail portion saw subscriptions of 8.47 times, indicating high interest among individual investors, while the Non-Institutional Investors (NII) portion was subscribed 2.19 times.
The total size of the Khyati Global Ventures IPO is ₹18.30 crore, which includes a fresh issue of 1,048,000 equity shares with a face value of ₹10. The offer-for-sale segment comprises 800,000 shares. The company plans to use the net proceeds from the IPO for general corporate purposes and to enhance its working capital.
Bigshare Services Pvt Ltd is the registrar for this IPO, while Aryaman Financial Services Limited acts as the book-running lead manager. Aryaman Capital Markets is also serving as the market maker for the offering.
Currently, the Grey Market Premium (GMP) for the Khyati Global Ventures IPO stands at ₹0, suggesting that shares are trading at their issue price of ₹99 without any premium or discount in the grey market. Experts from Investorgain.com believe that the GMP trend is likely to remain stable until the listing day, indicating a steady sentiment among investors regarding the company’s prospects.
The Khyati Global Ventures IPO has become a much-anticipated event in the market, showing a strong subscription response and a positive outlook. As the subscription period comes to a close, high investor interest is expected to persist. However, potential investors should perform thorough research and evaluate market conditions before making investment decisions.
This IPO not only underscores the company’s potential for growth but also reflects a favorable sentiment in the market toward promising business ventures.
