Strong response to Rs 99 IPO
Business Business: The stock market is flooded with IPOs today. In this episode, another company – Khyati Global Ventures – entered the IPO. This IPO opened for subscription last Friday. This IPO received almost three times subscription on the first day. The retail portion was subscribed 4.01 times and the NII portion 1.66 times. We inform you that the IPO will close on October 8. Let us tell you the details of this IPO. The price range per share for Khyati Global Ventures IPO is ₹99 and the face value is ₹10. One lot consists of 1200 shares. This means that investors must apply for at least one asset. A provision of Rs 1,18,800 will have to be made for this.
Khyati Global Ventures Limited was founded in 1993 and was formerly known as Khyati Advisory Services Limited. The company specializes in the export and repackaging of various FMCG products including food, non-food and household items. The company is also engaged in trading of pharmaceutical products.
In its prospectus, the company said it does not believe any other listed company is directly comparable to it in terms of its business model, size and financial position. As of the last financial year, Khyati Global Ventures Ltd.’s profit grew by 23% and revenue by 9%.
Everest, Parle G, MDH, Fortune, Ashirvad, Govardhan, Balaji Wafers, Haldiram’s, Himalaya, Dove, Colgate, Unilever and Godrej are some of the major clients of Khyati Global Ventures. Bigshare Services Private Limited is the registrar for Khyati Global Ventures IPO. Meanwhile, Aryaman Financial Services Limited is the lead manager to the issue and Aryaman Capital Markets Limited is its market maker.
