Khyati Global Ventures Limited is launching an IPO with a total issue size of ₹18.30 crores. This fixed price issue consists of a fresh issue of 10.48 lakh shares, aggregating to ₹10.38 crores, and an offer for sale of 8 lakh shares, totalling ₹7.92 crores. The IPO will open for subscription on October 4, 2024, and close on October 8, 2024.
The issue price is set at ₹99 per share, with a minimum lot size of 1,200 shares. Retail investors need a minimum investment of ₹118,800, while HNIs can invest in 2 lots (2,400 shares) for ₹237,600.
The allotment is expected to be finalised on October 9, 2024, and the shares are tentatively scheduled to be listed on the BSE SME on October 11, 2024. This IPO provides an opportunity to participate in the growth journey of Khyati Global Ventures Limited.
Industry Outlook
- The Indian FMCG market is projected to grow at a CAGR of 14.9%, reaching US$ 220 billion by 2025, driven by increasing rural and urban consumption.
- E-commerce now accounts for 17% of FMCG consumption, with India's online grocery market expected to grow from US$ 4.54 billion in 2022 to US$ 76.76 billion by 2032.
Khyati Global Ventures IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding working capital requirements
- General corporate purposes
About Khyati Global Ventures Limited
Khyati Global Ventures Limited, formerly known as Khyati Advisory Services Limited, was incorporated in 1993 and specialises in exporting and repacking a wide range of FMCG products. These include food and non-food FMCG products, pharmaceutical items, household goods, and festive handicrafts. The company caters to wholesalers and importers operating supermarket chains worldwide, offering globally recognised Indian brands such as Everest, Parle G, MDH, Haldiram’s, Himalaya, and more.
Khyati Global Ventures boasts a well-established infrastructure with four offices in Juhu, Maharashtra, and a 20,000 sq ft warehouse in Navi Mumbai, facilitating efficient product handling. The company has exported products to over 40 countries, showcasing its strong focus on the export market.
With an experienced management team and a diverse product portfolio, the company has shown consistent financial growth, increasing its profit after tax from ₹149.66 lakhs in FY22 to ₹253.19 lakhs in FY24, achieving a CAGR of 30.07%.
Peer Details
Khyati Global Ventures Limited operates in a unique business segment with no directly comparable listed companies in India.
How To Check the Allotment Status of the Khyati Global Ventures IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Khyati Global Ventures IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Khyati Global Ventures IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Khyati Global Ventures IPO
Registered office: 54 Juhu, Supreme Shopping Centre, Gulmohar Cross Road no. 9, JVPD Scheme, Juhu, Mumbai- 400049, Maharashtra
Phone: +91 22-26255959
E-mail: info@kgv.co.in
Financial Performance of Khyati Global Ventures
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Revenue (in ₹ lakh ) | 10,346.36 | 9,388.75 | 9,189.54 |
| Profit After Tax (PAT) (in ₹ lakh) | 253.19 | 205.66 | 149.66 |
| Total Borrowings (in ₹ lakh) | 1,768.92 | 1,575.05 | 1,414.56 |
| Net Worth (in ₹ lakh) | 1,188.19 | 935.00 | 729.35 |
| Current Ratio (x) | 1.18 | 1.25 | 1.21 |
| Return on Equity (%) | 23.85% | 24.71% | 23.97% |
| Return on Capital Employed (RoCE) (%) | 16.40% | 15.18% | 16.22% |
| Earning Per Share (EPS)-in absolute ₹ | 4.89 | 3.97 | 2.92 |
Know before investing
Strengths
6Well-established infrastructure with 20,000 sq ft warehouse in Navi Mumbai.
Diverse product portfolio includes food, non-food FMCG, and pharmaceuticals.
Strong export business with sales to over 40 countries globally.
Consistent financial performance with 30.07% CAGR in PAT (FY22-FY24).
Experienced promoters with over three decades of export industry experience.
97.60% of revenue from exports as of June 30, 2024.
Risks
6Potential conflicts of interest with promoter group companies in FMCG.
Heavy reliance on exports, with 97.60% revenue from exports.
Negative net cash flow from operations as of June 30, 2024.
Dependency on top 10 customers for 59.91% of revenue.
Foreign exchange risks affecting 91.29% of export-driven revenue.
Legal proceedings against promoters with ₹44.27 lakhs at stake.
