Khyati Global Ventures Limited (KGVL) is an export house based in Mumbai, India, known for exporting a wide range of food products. They offer ready-to-eat snacks, general provision items, spices, beverages, and more to international markets. The company is specialized in providing Indian food items like pickles, sweets, instant food, pulses, and cookies.

The Khyati Global Ventures IPO aims to raise ₹18.29 crores through a fixed price issue. This consists of a Fresh Issue of 10.48 lakh shares, amounting to ₹10.37 crore, and an Offer for Sale (OFS) of 8 lakh shares, totaling ₹7.92 crore. The IPO subscription window opens on October 9, 2024, and closes on October 8, 2024.

IPO Details

Price Band: ₹99 per share

Issue Size: ₹18.29 Crores

Fresh Issue: ₹10.37 Crores (10.48 Lakh Shares)

OFS: ₹7.92 Crores (8 Lakh Shares)

Listing Date: Tentatively set for October 11, 2024, on the BSE SME.

Lot Size: 1,200 shares per lot, with a minimum investment of ₹1,18,800 for retail investors.

Lead Manager: Aryaman Financial Services Limited

Registrar: Bigshare Services Private Limited

Market Marker: Aryaman Capital Markets Limited

Khyati Global Ventures Limited: Business Overview

Khyati Global Ventures operates in the export of Indian food products across various categories, including ready-to-eat foods, confectionery, spices, and beverages. The company prides itself on delivering quality products to global markets. The firm's specialty lies in Indian food items like:

Food Stuff, Pulses, Snacks, and Spices

Instant Food, Ready-to-Eat Meals

Sweets, Pickles, and Cookies

Beverages and Mouth Fresheners (Mukhwas)

Given the increasing global demand for Indian food products, Khyati Global Ventures is well-positioned to capitalize on this market. The company's operations span both domestic and international markets, with exports to several countries.

IPO Objective

The proceeds from the IPO will be used for the following purposes:

Working Capital Requirements: ₹745.00 lakhs will be allocated towards funding the company's working capital needs.

General Corporate Purpose: ₹175.36 lakhs will be used for general corporate expenses.

These objectives aim to enhance the company’s operational capabilities and expand its business reach.

Financial Performance

Khyati Global Ventures has demonstrated consistent growth over the past three fiscal years:

Revenue:

FY2024: ₹10,464.09 Lakhs

FY2023: ₹9,617.14 Lakhs

FY2022: ₹9,362.70 Lakhs

EBITDA:

FY2024: ₹514.55 Lakhs

FY2023: ₹413.65 Lakhs

FY2022: ₹377.28 Lakhs

Profit After Tax (PAT):

FY2024: ₹253.19 Lakhs

FY2023: ₹205.66 Lakhs

FY2022: ₹149.66 Lakhs

Khyati Global Ventures shows a consistent improvement in revenues, EBITDA, and profitability, with a steady rise in market share within the food export sector. EBITDA margins improved from 4.03% in FY2022 to 4.92% in FY2024, indicating better operational efficiency.

Valuation and Ratios

Pre-Issue EPS: ₹4.89

Post-Issue EPS: ₹3.62

Pre-Issue P/E Ratio: 20.24x

Post-Issue P/E Ratio: 27.34x

Return on Capital Employed (ROCE) FY24: 17.73%

Return on Average Equity (RoAE) FY24: 25.58%

These valuation ratios suggest that while Khyati Global Ventures is priced at a moderate premium compared to its industry peers, its growth potential could make it an attractive long-term investment.

Grey Market Premium (GMP)

As of now, the Grey Market Premium (GMP) for Khyati Global Ventures IPO stands at ₹0. This lack of premium indicates neutral market sentiment, suggesting limited speculative interest. However, GMP values can change based on subscription levels and broader market trends. It is important to note that GMP is not an official price discovery mechanism and should be used for educational purposes only.

Khyati Global Ventures IPO Live Subscription Status

As of October 4, 2024, Khyati Global Ventures IPO has subscribed 1.24 times on its first day. Investors can track the live subscription status on the BSE website to stay updated on demand for the issue.

How to Check Khyati Global Ventures IPO Allotment

Investors who have applied for the IPO can check the allotment status by following these steps:

Visit the IPO allotment status page of Bigshare Services Private Limited.

Select Khyati Global Ventures IPO from the dropdown.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

This will help investors determine if they have received an allotment in the IPO and allow them to take necessary actions accordingly.

IPO Verdict: Should You Apply?

Khyati Global Ventures operates in a sector with growing demand for Indian food exports. The company has shown steady financial growth, backed by strong fundamentals and a robust market presence. However, the lack of Grey Market Premium and relatively high P/E ratio suggest that the stock might not deliver significant listing gains.

Investment Recommendation: Investors may consider avoiding the IPO for short-term gains, but it could be a potential long-term investment opportunity, especially for those seeking exposure to the Indian food export market.

The Finance Saathi IPO List 2024 - Mainline and SME Dashboard provides latest IPO information, latest IPO news, Upcoming IPO News, IPO Details, subscription status, IPO GMP and IPO Review of Upcoming IPO, Active IPO, and Listed IPOs at one place. Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Garuda Construction and Engineering IPO, Afcons Infrastructure Limited, Shiv Texchem Limited ,Archit Nuwood Industries Limited, Hyundai Motor, Swiggy.

The current active IPO is  Khyati Global Ventures Limited IPO .

The Recently Listed IPOs which is available for trading in stock Market are Forge Auto International Limited IPO, Nexxus Petro Industries Limited IPO, Diffusion Engineers Limited IPO, Saharsa Electronic Solutions Limited IPO, Thinking Hats Entertainment Solutions Limited IPO, Unilex Colours and Chemicals Limited IPO, TechEra Engineering India Limited IPO, KRN Heat Exchanger & Refrigerator Limited IPO, Wol 3D India Limited IPO , Manba Finance Limited IPO, Rappid Valves (India) Limited IPO, Avi Ansh Textile Limited IPO , S D Retail Limited IPO, BikeWo Green Tech Limited IPO, Kalana Ispat Limited IPO, Phoenix Overseas Limited IPO, Paramount Speciality Forgings Limited IPO, Pelatro Limited IPO, Osel Devices Limited IPO, Northern Arc Capital Limited IPO, Arkade Developers Limited IPO, Deccan Transcon Leasing Limited IPO, Bajaj Housing Finance Limited IPO, Tolins Tyres Limited IPO, Envirotech Systems Limited IPO and many more.

For more insights into the evolving financial landscape and updates on economic developments, explore our articles on Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.