On October 11, Khyati Global Ventures made a modest debut on the stock market, listing at Rs 105, which is a 6.1% premium over its issue price of Rs 99 per share on the BSE SME platform. This Rs 18-crore public offer comprised a mix of fresh issue and offer for sale, but despite the premium listing, it received a modest subscription figure. The offer was subscribed just 15 times, highlighting a mixed response from investors, although retail investors showed strong interest by buying over 25 times the portion reserved for them.

Khyati Global Ventures, formerly known as Khyati Advisory Services Limited, has a rich history, having been incorporated in 1993. The company specializes in exporting and repacking a wide range of FMCG products, which include both food and non-food items, along with household products, festive handicrafts, and pharmaceutical goods. This diversified portfolio underlines the company's capability to cater to varied market segments, which is critical for sustaining growth.

The funds raised through the IPO are intended to be used for working capital requirements and other general corporate purposes, which can help strengthen the company’s operational capacity and enhance its market position. Given the nature of its business, having sufficient working capital is vital for smooth operations, particularly in the FMCG sector, where inventory turnover rates can be high.

Despite the moderate response to its IPO, Khyati Global Ventures managed to attract retail investors, who comprised a significant portion of the subscriptions. Non-institutional investors also participated, mopping up the offer 5 times the allotted quota, while Qualified Institutional Buyers (QIBs) did not participate in the IPO at all. This trend suggests that while institutional interest may have been lacking, retail investors are becoming increasingly engaged in the stock market, eager to tap into new opportunities.

The book-running lead manager for the IPO is Aryaman Financial Services Limited, with Bigshare Services Pvt Ltd serving as the registrar and Aryaman Capital Markets acting as the market maker. Such partnerships can enhance the credibility of the IPO process, providing necessary support and guidance to ensure a smooth transition to public trading.

As Khyati Global Ventures continues its journey on the stock exchange, market watchers are keenly observing its performance, especially in light of the broader economic conditions and the FMCG market landscape. The company's strategic focus on exporting a diverse range of products positions it well to leverage growth opportunities both domestically and internationally.

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Overall, while Khyati Global Ventures may have started with a muted performance, its potential in the FMCG sector and its ability to meet working capital needs can lead to positive outcomes in the future. Investors and stakeholders alike will be keen to see how the company adapts and grows in the competitive market landscape.