Khyati Global Ventures IPO: Review, Valuation, Date & GMP

Khyati Global Ventures IPO-Complete Overview

Khyati Global Ventures IPO an SME IPO is a fixed price issue of Rs.18.30 crore by Khyati Global Ventures Limited (formerly known as Khyati Advisory Services Limited), which was founded in 1993. It is an exporter and retailer of a range of fast-moving consumer goods (FMCG) products, including seasonal handicrafts, household goods, food subcategories, and non-food FMCG products. The business also sells pharmaceutical items.

Customers of the business include supermarket importers and wholesalers who run a chain of supermarkets overseas. The company sells both domestically produced goods and internationally known Indian brands, including Haldiram's, Himalaya, Dove, Colgate, Unilever, Godrej, Everest, Parle G, MDH, Fortune, Aashirvaad, Gowardhan, and Balaji Wafers. The company sells everyday necessities that end users use in their daily lives. The range of products comprises:

• Non-food FMCG products that are not food

• Food goods

• Medicinal products

• Holiday, puja, and handcrafted products

• Household goods

This Khyati Global IPO is to be launched on 04 October 2024, and its ‘initial public offering’ will close on 08 October 2024.

Khyati Global Ventures IPO Overview

The Rs.18.30 crore new SME IPO consists of a fresh issue of 10,48,000 Shares (Rs.10.38 Cr) and an offer for sale (OFS) of 8,00,000 Shares (Rs.7.92 Cr). 

This upcoming IPO date is from October 04 to October 08, 2024. Khyati Global Ventures Limited IPO price is Rs.99 per Share. 

The expected IPO listing date is on Friday, 11 October 2024, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here.

How to get IPO refund?/ What to Do If IPO Refund Not Received?

If you have applied for the IPO but have not allotted the Shares, then we have covered the blog which clearly explains the steps to get your IPO refund. Click here to get IPO refund.

Company Financial

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Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

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Product-wise Revenue Breakdown 

(Amount in lac)

 

Breakdown of Revenue From Operations 

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Country-wise Revenue Breakdown 

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The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Requirements for working capital.

• General corporate purposes.

 

Peers of Khyati Global Ventures Ltd.

There are no listed companies in India engaged in the same or similar business of comparable size.

 

Evaluation

The IPO price is Rs.99 for each Share.

 

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.4.89 from the last year, the resulting P/E ratio is 20.25x.

Considering the weighted EPS of Rs.4.26 for the last three years, the P/E ratio is 23.24x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is NA.

 

 

 IPO's Strengths 

• A wide variety of products is in our inventory.

• A management team and promoters with experience.

• An emphasis on export business.

• Well-established infrastructure facilities.

 

IPO’s Weaknesses

• The company's revenue in a given fiscal year is heavily reliant on a small number of consumers.

• Deal with foreign exchange risks that could negatively impact the company's operating results, particularly in its export division.

• Export restrictions and other laws may affect a company’s operations, financial health, and business performance.

 

Khyati Global Ventures IPO GMP Today

Khyati IPO GMP has not started yet as of 01 October 2024.

IPO Timetable (Tentative)

The Khyati IPO date is October 04-October 08, 2024, with allotment on October 09, refund initiation on October 10, and listing on October 11, 2024.

 

Khyati Global Ventures IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 18,48,000 Shares (Rs.18.30 Cr).

Khyati Global Ventures IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,18,800 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,37,600.

 

Khyati Global Ventures IPO Reservation (% of Net Issue)

 

Promoters And Management of Khyati Global Ventures Ltd.

• Ramesh Rughani

• Chandrika Rughani

• Khyati Rughani

• Aditi Raithatha

• Hiren Raithatha.
  
  

IPO Lead Managers

• Aryaman Financial Services Limited.
  
  

Dividend Policy

The company has no formal dividend policy and has not paid any dividends in the last three FYs.

 

Conclusion

Food products, FMCG products, and other goods are exported by the corporation. It relies on outside suppliers and repackages the goods it deals in. Throughout the reporting periods, the company's top and bottom lines showed consistent development. FY25 annualized super earnings suggest that the issue is priced fully. Its debt-to-EBITDA ratio of more than 11 is concerning, and its limited post IPO equity base suggests a lengthier migration gestation period.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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