Khyati Global Ventures shares list at 6% premium over IPO price on BSE SME

The company plans to use the net proceeds from its IPO to fund its working capital requirements and for general corporate purposes.

Shares of Khyati Global Ventures were off to a muted start on its stock market debut on October 11 after listing at Rs 105, a premium of 6.1 percent over the issue price of Rs 99 per share on the BSE SME platform.

The Rs 18-crore public offer, a combination of a fresh issue and an offer for sale, received a modest subscription figure after the issue was subscribed just 15 times. Retail investors were at the forefront, buying over 25 times the portion reserved for them. Non-institutional investors mopped up 5 times the allotted quota. QIBS or qualified institutional buyers didn't participate in the IPO.

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Khyati Global Ventures Limited, formerly known as Khyati Advisory Services Limited, was incorporated in 1993 and exports and repacks a wide range of FMCG products, including food and non-food items, household products, festive handicrafts, and pharmaceutical goods.

The company plans to use the net proceeds from its IPO to fund its working capital requirements and for general corporate purposes.

Aryaman Financial Services Limited is the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd serving as the registrar and Aryaman Capital Markets acting as the market maker.

The price band of the offer was set at Rs 99 per share. Ramesh Rughani, Chandrika Rughani, Khyati Rughani, Aditi Raithatha and Hiren Raithatha are the company's promoters.

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