Schedule of Khyati Global Ventures
| Issue open date | 04 Sep 2024 |
| Issue close date | 08 Oct 2024 |
| UPI mandate deadline | 08 Oct 2024 (5 PM) |
| Allotment finalization | 09 Oct 2024 |
| Refund initiation | 10 Oct 2024 |
| Share credit | 10 Oct 2024 |
| Listing date | 11 Oct 2024 |
| Mandate end date | 23 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 08 Nov 2024 |
| Lock-in end date for anchor investors (remaining) | 07 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Khyati Global Ventures
Khyati Global Ventures Limited, incorporated in 1993, is an exporter and repacker of a variety of FMCG products. It deals in basic items used by end consumers in their daily lives, offering a range of products such as pharmaceuticals, festive and pooja handicrafts, non-food FMCG, food items, and household products. The company’s customers include wholesalers, supermarket importers, and retailers operating a chain of supermarkets abroad. The company works with brands like Everest, Parle G, MDH, Fortune, Aashirvaad, and Haldiram.
Financials of Khyati Global Ventures
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹18.30 crores |
| Fresh Issue | ₹10.38 crores |
| Offer for sale | ₹7.92 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements | 7.45 (71.78%) |
| Issue-related expenses | 1.17 (11.28%) |
| General corporate purposes | 1.76 (16.94%) |
Strengths
- The company operates with established infrastructure, including a 20,000 sq ft warehouse for efficient product handling.
- It maintains a broad portfolio of FMCG, pharmaceuticals, and handicraft products, including well-known brands and customized packaging options.
- The business focuses on exports, with a flexible procurement system aimed at sourcing products competitively.
Risks
- The company may face conflicts of interest with its promoter group entities, which are engaged in similar businesses.
- A significant portion of current assets comprises trade receivables and inventory, and any mismanagement of these could affect cash flow and profitability.
- Products have a limited shelf life, and any contamination or spoilage could lead to recalls, impacting reputation and financial results.
- Competitive pressures in the FMCG industry, especially from larger or more flexible competitors, may affect pricing and market share.
- The business depends on timely renewal and compliance with statutory approvals and licenses, and any delays could impact operations.