Khyati Global Ventures IPO booked over 15 times on day 3; check allotment date & more

Khyati Global Ventures Limited's IPO closed with strong demand across investor categories on Tuesday, October 8, the last day of bidding. The BSE SME issue was subscribed more than 15 times, driven by high retail demand.

The initial public offering (IPO) of Khyati Global Ventures received applications for more than 2.67 crore shares compared to 17.54 lakh shares offered for subscription. The BSE SME issue was subscribed 15.22 times overall.

The IPO was subscribed 24.99 times in the retail category with applications for over 2.19 crore shares against 8.77 lakh shares set aside for the category. The Non-Institutional Investors (NII) booked their quota 5.44 times with bids for 47.76 lakh shares compared to 8.77 lakh shares reserved for the segment.

Khyati Global Ventures IPO issue size, price band and lot size

Khyati Global Ventures aims to raise ₹18.3 crore via its initial public offering. The fixed price offer consists of a fresh issue of 10.48 lakh shares, amounting to ₹10.38 crore, and an offer-for-sale (OFS) of 8 lakh shares worth ₹7.92 crore.

Khyati Global Ventures IPO price has been fixed at ₹99 per share. The minimum lot size for the retail category was fixed at 1,200 shares, aggregating to an investment of ₹1,18,800.

Khyati Global Ventures IPO share allotment status and listing date

Khyati Global Ventures IPO was open for subscription from Friday, October 4, to Tuesday, October 8. Khyati Global Ventures IPO share allotment status is likely to be finalised by Wednesday, October 9.

Once the allotment of shares is completed, refunds will be initiated for unsuccessful bidders on Thursday, October 10. The allottees will also receive shares of Khyati Global Ventures in their Demat accounts the same day. Shares of Khyati Global Ventures will be listed on the BSE SME platform on Friday, October 11.

Khyati Global Ventures IPO Registrar

Bigshare Services Pvt Ltd is the IPO registrar for Khyati Global Ventures, and Aryaman Financial Services Limited is the book-running lead manager for the issue.

Khyati Global Ventures IPO objectives

The company plans to use the money raised via the public issue for funding working capital requirements and general corporate purposes.

About Khyati Global Ventures

Khyati Global Ventures Limited was incorporated in 1993. It was formerly known as Khyati Advisory Services Limited. The company is primarily engaged in exporting and repacking of food, non-food Fast Moving Consumer Goods (FMCG) and festive handicraft products. Khyati Global Ventures also deals in pharmaceutical items and household products.

The company’s customer base includes wholesalers and importers in foreign countries who supply products to supermarkets and retail chains.