GENERAL25 Sept 2026
Upcoming IPO: Kian-M Export files DRHP with SEBI to raise funds via IPO; key things to know | Stock Market News
Kian-M Export Ltd, a textile maker and exporter, filed a draft prospectus with market regulator SEBI on 25 September 2026 to raise money through an initial public offering. The plan has a fresh issue of up to ₹500 crore and an offer for sale of 15 lakh shares. Money will go to working capital, machinery and buying a stake in Ultra Denim.
Key Statutory Highlights
- Kian-M Export Ltd filed a Draft Red Herring Prospectus with SEBI on 25 September 2026 for an IPO of a fresh issue up to ₹500 crore and an Offer for Sale of up to 15 lakh shares.
- The fresh issue money is planned for working capital, buying a 35.29% stake in Ultra Denim Ltd, machinery and equipment, and capital spending in its subsidiary Usha Cotton Ltd.
- Mirae Asset Capital Markets (India) Pvt. Ltd. is the book running lead manager, MUFG Intime India Pvt. Ltd. is the registrar, and the shares are proposed to list on NSE and BSE.
Actionable Advice for Taxpayers / Founders:If you are considering this IPO, read the DRHP and the company's financials carefully first, and check with a certified expert before investing. Filing of draft papers does not guarantee that the issue will open or list.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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