Market News
3 min read | Updated on October 09, 2024, 12:05 IST
SUMMARY
Khyati Global Ventures IPO was a fixed price issue worth ₹18.3 crore. The IPO comprised a fresh issue of 10.48 lakh shares and an offer-for-sale of 8 lakh shares. The subscription window for the public issue was open from October 4 to October 8. Khyati Global Ventures shares are scheduled to be listed on the BSE SME platform on October 11.
Khyati Global Ventures IPO allotment expected on October 9: Steps to check status on BSE, Bigshare Services
Khyati Global Ventures IPO share allotment status is expected to be finalised on Wednesday, October 9, after the successful subscription.
BSE SME issue closed for bidding on Tuesday, October 8, with strong demand. Khyati Global Ventures IPO received bids for more than 2.67 crore shares against 17.54 lakh shares on offer. The issue was subscribed 15.22 times across all investor categories.
The retail portion was booked 24.99 times and the Non-Institutional Investors (NIIs) subscribed their quota 5.44 times. The exporter of FMCG products launched the initial public offering on October 4 to raise ₹18.3 crore.
The investors are now waiting for the company to finalise IPO share allotment status. The bidders, who applied for the shares of Khyati Global Ventures, can check details online through the websites of the BSE and issue registrar, Bigshare Services Pvt Ltd.
After finalising the IPO share allotment status, the company will initiate refunds for unsuccessful bidders on Thursday, October 10. The allottees will also receive shares of Khyati Global Ventures in their Demat accounts on the same day. Khyati Global Ventures' IPO listing date has been scheduled as October 11. Shares of Khyati Global Ventures Limited will be listed on the BSE SME platform.
Khyati Global Ventures IPO was a fixed-price issue worth ₹18.3 crore. The public offer consisted of a fresh issue of 10.48 lakh shares, amounting to ₹10.38 crore, and an offer-for-sale (OFS) of 8 lakh shares, amounting to ₹7.92 crore.
Khyati Global Ventures IPO price was fixed at ₹99 per share. The minimum lot size for retail investors was fixed at 1,200 shares, which aggregated to an investment of ₹1,18,800.
The company plans to use the funds raised via the public issue to meet its working capital requirements and for general corporate purposes.
Khyati Global Ventures Limited was incorporated in 1993. The company is an exporter and repacker of both food and non-food FMCG products. The company’s product portfolio also includes pharmaceutical products, handicraft items and other household products.
Related News
About The Author
Next Story