Kian-M Export files DRHP for ₹500 crore IPO
Textile and apparel maker Kian-M Export has filed draft IPO papers for a fresh issue of up to ₹500 crore and an offer for sale of up to 15 lakh shares. Proceeds are earmarked for working capital, machinery, subsidiary capex and a planned 35.29% stake acquisition in Ultra Denim.
What happened
Kian-M Export Ltd · Textile and apparel manufacturer Kian-M Export filed a DRHP for an IPO comprising up to ₹500 crore in fresh shares and a 15 lakh-share OFS.
Key facts
- Fresh issue up to ₹500 crore
- Offer for Sale up to 15 lakh shares
- 35.29% stake acquisition planned in Ultra Denim Ltd
- Revenue CAGR 25.09% from FY2024 to FY2026
- EBITDA CAGR 63.27% from FY2024 to FY2026
What changed
Textile and apparel manufacturer Kian-M Export filed a DRHP for an IPO comprising up to ₹500 crore in fresh shares and a 15 lakh-share OFS. Proceeds will fund working capital, machinery, subsidiary capex and a 35.29% Ultra Denim stake acquisition.
Why this matters
Kian-M Export’s planned IPO funding could expand apparel capacity, strengthen working capital and deepen denim supply integration through its proposed Ultra Denim stake purchase.
What to watch
- SEBI observations on the DRHP and the timing of the launch.
- Changes in fresh-issue size, OFS participation, use-of-proceeds allocation or stated acquisition terms.
- Ultra Denim stake purchase completion, valuation and any operational supply agreements.
- Order-book growth, export-market demand and working-capital intensity ahead of listing.
- Peer IPO performance, textile-sector valuations and foreign institutional demand.