Khyati Global Ventures IPO is all set to list on the BSE SME platform. The IPO will open on October 4, 2024, and its bidding will close on October 8, 2024. The company is involved in the dealing of various daily-consumable products such as food items, non-food FMCG items, pharma, cosmetics, etc., and exports them as well. So, without waiting further, let’s deep dive into the details of Khyati Global Ventures Limited IPO and how the company has performed in the past financial years.
Khyati Global Ventures IPO Date 2024
Here are the important dates to know about this IPO:
- Bidding Opening Date: October 4, 2024
- Bidding Closing Date: October 8, 2024
- Allotment Date: October 9, 2024
- Initiation of Refunds (in case of less or no allotment): October 10, 2024
- Shares Credited to Your Demat Account: October 10, 2024
- Listing Date: October 11, 2024
Khyati Global Ventures IPO Details
Its total issue size is ₹18.30 crores which includes the fresh issue of ₹10.38 crores and offer for sale of ₹7.92 crores.
Here are the key details of this IPO:
- Khyati Global Ventures IPO Price: ₹99 per share
- Face Value: ₹10 per share
- Lot Size: 1200 Shares
- Total Issue Size and Amount: 18,48,000 shares (amounting to ₹18.30 crores)
- Fresh Issue Size and Amount: 10,48,000 shares (amounting to ₹10.38 crores)
- Offer for Sale Size and Amount: 8,00,000 shares of ₹10 (amounting to ₹7.92 crores)
- Listing On Exchange: BSE SME
Khyati Global Ventures Limited IPO Proceeds
Out of the total money raised in this IPO, ₹7.45 crores will be used to meet the working capital requirements of the company. Around ₹1.75 crores is allotted for general corporate purposes.
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Khyati Global Ventures IPO Reservations
Here are the Khyati Global Ventures IPO reservations:
- For retail investors: 50% of the net offer
- For others: Remaining 50% of the net offer
Khyati Global Ventures Lot Size
Khyati Global Ventures IPO lot size is 1200 shares and the investors can apply in multiples of this number.
The minimum and maximum of the Khyati Global Ventures lot size that each category of investor can apply are:
| Applicant Type | Lot Size | Number of Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 1,18,800 |
| HNI (Min) | 2 | 2,400 | 2,37,600 |
Khyati Global Ventures IPO Promoter Holding
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Ramesh Rughani, Chandrika Rughani, Khyati Rughani, Aditi Raithatha, and Hiren Raithatha are the current promoters of the company. Ramesh Rughani and Chandrika Rughani are the selling shareholders in this IPO.
Here is the total promoter’s shareholding before and after the IPO:
- Promoter’s Shareholding Before Issue: 87.46%
- Promoter’s Shareholding After Issue: 62.86%
Khyati Global Ventures Limited: Company Overview
Khyati Global Ventures was established in 1993. It exports and re-packages various FMCG products like foodstuffs, non-food FMCG products, household products, pharmaceuticals, festive, pooja, and handicraft items. It is a US $65 million company and is recognized as a 2-star export house by the government.
The company’s key strengths are: a well-established infrastructure, an experienced management team, an export business focus, and dealing with a vast range of products. It deals with famous Indian brands such as Parle G, MDH, Fortune, Haldiram’s, Himalaya, Dove, Colgate, Unilever, etc.
The company has been generating more than 85% revenue from foodstuffs which includes ready-to-cook packets, rice, pulses, biscuits, spices, etc. In the export countries basket, the major one is the UK followed by the US, New Zealand, South Africa, etc. The share of exports in the total revenue is nearly 98% for the period ended June 31, 2024.
Khyati Global Ventures Limited Financials
Khyati Global Ventures’s key financial metrics for different periods are as follows:
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Assets | 4,911.62 | 5,275.97 | 3,458.90 | 52.53% |
| Revenue | 2,716.92 | 10,464.09 | 9,617.14 | 8.81% |
| Profit After Tax | 94.67 | 253.19 | 205.66 | 23.11% |
| EBITDA | 160.28 | 514.55 | 413.65 | 24.39% |
| Reserves and Surplus | 1,180.01 | 670.59 | 805.60 | -16.76% |
| Total Borrowing | 1,708.14 | 1,768.92 | 1,575.05 | 12.31% |
| Total Assets | 4,911.62 | 5,275.97 | 3,458.90 | 52.53% |
| Net Cash Flow From Operating Activities | -480.31 | -128.42 | -30.54 | -320.50% |
| EPS (Earnings per Share) | 1.68 | 4.89 | 3.97 | 23.17% |
*(in ₹ lakhs)
From FY23 to FY24, the company’s revenue has grown by around 9% while the PAT has risen by 23%. The assets growth is positive but the operating cash flow has fallen by 320.50%. The EPS of the company saw a growth of around 23% from FY23 to FY24.
Key Ratios of Khyati Global Ventures Limited
The key ratios highlighting the company’s performance are:
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Current Ratio (No of Times) | 1.45 | 1.18 | 1.25 | -0.07 |
| Debt Equity Ratio (No of Times) | 1.02 | 1.68 | 1.79 | -0.11 |
| Debt Service Coverage Ratio (No of Times) | 1.16 | 1.16 | 0.79 | 0.37 |
| Return On Equity Ratio (%) | 25.58% | 23.85% | 24.71% | -0.86% |
| Inventory Turnover Ratio (In Days) | 9.98 | 13.15 | 31.26 | -18.11 |
| Net Capital Turnover Ratio (No Of Times) | 7.93 | 14.37 | 16.50 | -2.13 |
| Net Profit Ratio (%) | 3.53% | 2.45% | 2.19% | 0.26% |
| Return On Capital Employed (%) | 17.73% | 16.40% | 15.18% | 1.22% |
| Return On Investment/Total Assets (%) | 7.71% | 4.80% | 5.95% | -1.15% |
The current ratio has fallen by 0.07 basis points from FY23 to FY24 but is still more than 1 which is good. ROE has fallen by 0.86% while the net profit ratio has increased by 0.26% in the same period.
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Risk Factors in Khyati Global Ventures Limited
Khyati Global Ventures Limited IPO has various risk factors, which might affect the company’s financial and operational performance in the future.
- The company has a conflict of interest with the promoters having a shareholding in other companies dealing in similar types of business.
- Heavily dependent on exports for revenue generation, which are also subjected to foreign exchange risks.
- The company has generated negative net cash flows in the last few financial years.
- Dependence on few customers for income.
- Need to have the right demand forecast as the products only have a shelf life of six months to 1 year.
- The foodstuff and non-foodstuff FMCG market is highly competitive.
- The business model is based on high volume and low margins as confirmed by the average PAT margin of less than 4% ended June 30, 2024.
- The changing laws and rules, in India as well as globally may negatively affect the business.
Experts Review on Khyati Global Ventures Limited IPO
Khyati Global Ventures IPO GMP (Grey Market Premium) is nil on October 1, 2024 (as of 13:23 PM). But as it is near its opening or closing date, it might gain traction and its GMP may rise.
For more detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels to hear what our experts are saying. Take smart decisions and apply for this IPO easily on the SMC ACE App and open the demat account now.
Khyati Global Ventures Limited IPO Contact Information
For inquiries related to the Khyati Global Ventures IPO details, you can contact at the following places:
Registered Office Address: 54 Juhu, Supreme Shopping Centre, Gulmohar Cross Road no. 9, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra
Phone: +91 22-26255959
Email: info@kgv.co.in
Company Website: http://www.kgv.co.in/
Khyati Global Ventures IPO Registrar Details:
Registrar Name: Bigshare Services Private Limited
Registrar Office Address: Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Khyati Global Ventures IPO Lead Manager Details:
Lead Manager: Aryaman Financial Services Limited
Office Address: 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001
Phone: +91 22 6216 6999
Email: ipo@afsl.co.in
FAQs
1. Is Khyati Global Ventures IPO good?
Khyati Global Ventures has generated positive revenue and profit in the past and if the market expectation aligns well, this IPO can turn out well.
2. Where will the Khyati Global Ventures IPO be listed?
Khyati Global Ventures IPO will be listed on the BSE SME platform on October 11, 2024.
3. What is Khyati Global Ventures IPO date 2024?
Khyati Global Ventures IPO will open on October 4, 2024, and close on October 8, 2024.
References
https://kgv.co.in/wp-content/uploads/2024/09/Prospectus_of_Khyati_Global_Ventures_Limited.pdf
Author: All Content is verified by SMC Global Securities.
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