Khyati Global Ventures Limited (KGVL), a 2-Star Export House located in Mumbai, India, is poised to make waves in the investment landscape with its Initial Public Offering (IPO). The company specializes in exporting a diverse range of food products, including ready-to-eat meals, confectioneries, and snacks. With a focus on Indian food products such as pulses, spices, and pickles, KGVL has established itself as a key player in the global market.

The Khyati Global IPO has been set at a fixed price issue amounting to ₹18.29 Crores, which comprises a fresh issue of 10.48 lakh shares worth ₹10.37 Crores and an offer for sale of 8.00 lakh shares totaling ₹7.92 Crores. The subscription period for this IPO is currently open, starting on October 4, 2024, and concluding on October 8, 2024. Investors can expect the allotment to be finalized around October 9, 2024, and the shares are tentatively set to list on the BSE SME on or about October 11, 2024.

The share price band for the Khyati Global IPO is ₹99 per equity share, with a minimum lot size of 1,200 shares. Retail investors are required to invest at least ₹1,18,800, while High-Net-Worth Individuals (HNIs) must invest a minimum of ₹2,37,600, equivalent to 2 lots (1,400 shares).

Financial Insights

The financial metrics of Khyati Global Ventures reflect steady growth over the past few fiscal years. The revenue for Fiscal 2024, Fiscal 2023, and Fiscal 2022 stood at ₹10,464.09 Lakhs, ₹9,617.14 Lakhs, and ₹9,362.70 Lakhs, respectively. The EBITDA figures for these years were ₹514.55 Lakhs, ₹413.65 Lakhs, and ₹377.28 Lakhs. Furthermore, the Profit after Tax (PAT) showed consistent growth, with figures of ₹253.19 Lakhs in FY24, ₹205.66 Lakhs in FY23, and ₹149.66 Lakhs in FY22. These results indicate a robust financial performance, positioning KGVL as a potentially lucrative investment opportunity.

For the Khyati Global Ventures IPO, the company presents a pre-issue Earnings Per Share (EPS) of ₹4.89 and a post-issue EPS of ₹3.62. The pre-issue Price to Earnings (P/E) ratio stands at 20.24x, while the post-issue P/E ratio is higher at 27.34x. The Return on Capital Employed (ROCE) for FY24 is recorded at 17.73%, and the Return on Equity (RoE) is 25.58%, suggesting that the IPO is reasonably priced in light of its financial performance.

Subscription and Allotment Details

As of October 7, 2024, at 11:30 AM, the live subscription status of the Khyati Global Ventures Limited IPO shows that it has been subscribed 5.69 times on its second day of the subscription period. This robust demand is a positive indicator for potential investors.

The allotment date for the Khyati Global Ventures IPO is scheduled for October 9, 2024. Investors can check their allotment status by following these steps:

Navigate to the IPO allotment status page.

Select Khyati Global Ventures Limited IPO from the dropdown list of IPOs.

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

Submit the details to check your allotment status.

Objectives of the IPO

The proceeds from the fresh issue will be utilized for the following objectives:

Funding working capital requirements: ₹745.00 Lakhs

General corporate purposes: ₹175.36 Lakhs

Grey Market Premium (GMP)

The Grey Market Premium (GMP) of Khyati Global Ventures Limited IPO is currently estimated at ₹0. The GMP serves as an informal indicator of potential listing gains, though no real trading occurs based on this premium. As such, investors are cautioned that GMP largely depends on demand and supply dynamics in the unorganized market.

Conclusion: 

Considering the financial performance of Khyati Global Ventures and the metrics associated with its IPO, it is essential for investors to carefully evaluate their investment strategies. While the financial indicators suggest growth, the GMP indicates limited listing gains. Based on these insights, we recommend that investors avoid the Khyati Global Ventures Limited IPO for the purpose of short-term listing gains or long-term investment opportunities.

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