Kian-M Export IPO (DRHP filed)
Kian-M Export Limited filed its draft red herring prospectus with SEBI on 1 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 1 Oct 2026
- Days since
- 17
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Kian-M Export IPO status
Kian-M Export Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 1 Oct 2026 |
|---|---|
| Days since filing | 17 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Kian-M Export Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹344.13 Cr to ₹395.2 Cr, and profit after tax rose from ₹22.78 Cr to ₹42.19 Cr. The PAT margin for 31 Mar 2026 was 10.68%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 352.78 | 251.28 | 238.56 |
| Total Income | 395.20 | 344.13 | 248.04 |
| Profit After Tax | 42.19 | 22.78 | 8.81 |
| EBITDA | 67.97 | 47.40 | 24.19 |
| Net Worth | 53.31 | 20.94 | 44.74 |
| Reserve & Surplus | 51.79 | 19.42 | 43.24 |
| Total Borrowings | 143.46 | 134.62 | 100.24 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 113.66 | 69.36 | 19.30 |
| ROCE % | 43.35 | 51.33 | 16.39 |
| RoNW % | 113.66 | 69.36 | 19.30 |
| Pat Margin % | 10.68 | 6.62 | 3.55 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Kian-M Export Limited | 10 | — | 13.92 | 13.92 | 113.66% | 17.59 |
| Vardhman Textiles Limited | 2 | 20.89 | 26.18 | 26.18 | 7.33% | 366.00 |
| Arvind Limited | 10 | 34.87 | 15.80 | 15.79 | 10.66% | 158.00 |
| Sangam India Limited | 10 | 34.41 | 16.44 | 16.44 | 7.93% | 214.20 |
| Jindal Worldwide Limited | 1 | 70.63 | 0.70 | 0.70 | 8.46% | 8.59 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding capital expenditure for purchase of machinery and equipment for our Company |
| 2 | Investment in our Material Subsidiary, UCL, for capital expenditure for purchase of machinery and equipment |
| 3 | Funding the working capital requirements of our Company |
| 4 | Payment of consideration for the acquisition of 35.29% equity share capital in Ultra Denim Limited |
| 5 | General corporate purposes |
About Kian-M Export Limited
Incorporated in 2020, Kian-M Export Limited is engaged in the manufacture of finished textiles through a multi-stage wet and dry processing sequence involving dyeing, printing and finishing of raw, unfinished fabrics. The Company manufactures a range of sarees under both white-label arrangements and its own brand, Revelo. It also manufactures fabrics primarily used in three broad apparel categories: (i) kitenge and kanga; (ii) modern apparel, including shirts and pants; and (iii) South Asian ethnic and traditional dresses and suits.
The Company's manufacturing operations are carried out at two facilities located in Rajkot, Gujarat, India. These facilities are equipped with modern machinery for preparatory processing, dyeing, digital printing, rotary printing and sublimation printing.
The Company has an in-house design team comprising nine employees as of July 31, 2026. The team focuses on identifying gaps in the product portfolio, developing product prototypes and collaborating with the marketing, sales and manufacturing teams to validate designs and support the introduction of new product ranges.
Competitive Strengths
Diversified Product Portfolio: Offers a broad range of textiles across multiple end-use segments, each with independent growth drivers, while reducing revenue concentration in any single product segment.
Track Record of Product Quality: Has established a track record of delivering high-quality products, supporting customer retention and expansion of its customer base.
Modern Manufacturing Infrastructure: Utilises modern machinery to improve operational efficiency, reduce labour costs and material wastage, and minimise environmental impact through sustainable materials and manufacturing practices.
Standardised Operating Procedures: Follows established procedures to maintain product consistency, enhance operational efficiency and promote worker safety throughout the production process.
In-house Design Capabilities: Leverages its in-house design team to develop product concepts efficiently and cost-effectively, supporting innovation and the expansion of its product portfolio.
Experienced Promoters and Professional Management: Benefits from the experience of its Promoters, supported by a professional management team.
Promoters
Rajeshbhai Parshotam Malaviya
Ushaben Rajeshbhai Malaviya
Darsh Rajeshbhai Malaviya
Parth Rajeshbhai Malaviya
Contact details
Kian-M Export Ltd.
S.No. 208/P2, Sub Plot No.1A,
Bedi, Near Avadh Green Party Plot,
Morbi Road, Rajkot,
Gujarat, 360003
Telephone: +91 90337 43821
Email: compliance@kian-m.com
Website: https://kian-m.com/
Kian-M Export IPO FAQs
- Has Kian-M Export IPO filed for an IPO?
- Kian-M Export Limited filed its draft red herring prospectus (DRHP) with SEBI on 1 Oct 2026.
- When will the Kian-M Export IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Kian-M Export IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.