Khyati Global Ventures Limited (KGVL), a 2-Star Export House based in Mumbai, India, is poised to make a significant impact in the fast-moving consumer goods (FMCG) sector with its upcoming Initial Public Offering (IPO). The company specializes in exporting a diverse range of food products, including ready-to-eat meals, snacks, confectioneries, and general provision items. KGVL's expertise lies particularly in Indian food products, with offerings that include pulses, spices, pickles, cookies, beverages, and sweets.

The Khyati Global IPO is a Fixed Price Issue amounting to ₹18.29 crores, which comprises a fresh issue of 10.48 lakh shares valued at ₹10.37 crores and an Offer for Sale of 8.00 lakh shares totaling ₹7.92 crores. The share price band is set at ₹99 per share, with a minimum lot size of 1,200 shares. Retail investors must invest a minimum of ₹1,18,800, while High-Net-Worth Individuals (HNIs) are required to invest in 2 lots, amounting to ₹2,37,600.

The subscription period for the IPO commenced on October 4, 2024, and will close on October 8, 2024. Allotment is expected to be finalized on October 9, with shares anticipated to be listed on the BSE SME on or about October 11, 2024. Aryaman Financial Services Limited serves as the book-running lead manager for the issue, while Bigshare Services Private Limited acts as the registrar. Aryaman Capital Markets Limited is the sole market maker for Khyati Global.

Grey Market Premium and Subscription Status

As per the latest data, the Grey Market Premium (GMP) for Khyati Global Ventures Limited IPO is currently estimated at ₹0, reflecting a stable financial outlook for the company. It's important to note that the GMP is merely for educational and informational purposes, as no real trading occurs based on this metric.

The IPO's live subscription status as of 7:00 PM on October 8, 2024, indicates robust interest, with the IPO subscribed 14.46 times on its third day of the subscription period. Investors can check the Khyati Global Ventures Limited IPO Live Subscription Status on the BSE website for real-time updates.

Allotment and Objectives

The allotment date for Khyati Global Ventures IPO is set for October 9, 2024. Investors can verify their allotment status online by following a simple process:

Navigate to the IPO allotment status page.

Select Khyati Global Ventures Limited IPO from the dropdown list.

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

Submit the details to check your allotment status.

The proceeds from the fresh issue are earmarked for specific objectives, including ₹745.00 lakhs for funding working capital requirements and ₹175.36 lakhs for general corporate purposes.

Company Overview

Khyati Global Ventures is a reputable exporter and re-packager of a variety of FMCG products, including foodstuff, household products, and festive handicraft items. Their major clientele consists of wholesalers and supermarket importers operating chains in foreign markets. KGVL aims to be a one-stop vendor for its customers, offering competitive pricing due to in-depth local market knowledge, efficient product assortment, and supply chain management. This approach has significantly contributed to the company’s growth trajectory.

The company operates an asset-light model, relying primarily on its warehouse for operations and exporting to more than 40 countries. By leveraging economies of scale, KGVL effectively minimizes costs associated with rental, administration, maintenance, and employee expenses, ultimately enhancing profitability.

FMCG Sector Growth

The Indian FMCG sector has experienced substantial growth, driven by consumer demand and rising product prices, especially for essential goods. With an employment rate of around 5% in total factory jobs, FMCG sales in India were projected to grow by 7-9% in 2022-23. Several factors, including favorable government initiatives, a growing rural market, and an expanding youth population, are set to propel this growth further.

As India's fourth-largest sector, FMCG remains a key contributor to the national economy, supported by rising disposable incomes and increasing brand awareness among consumers. The sector's expansion is anticipated to continue, particularly in the rural markets, which have outpaced urban growth in recent years.

The Indian food processing market is also on an upward trajectory, expected to grow at a CAGR of 9.5% from US$ 307.2 billion in 2022 to US$ 547.3 billion by 2028. The government’s new PLI scheme for food processing, with a budget of ₹109 billion (US$ 1.46 billion), further underscores the potential of the sector.

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