IPO - Kandal M Venture Ltd

Form Type: F-1/A

Filing Date: 2025-05-30

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025049227

Filing Summary: Amendment No. 4 to the Form F-1 registration statement for Kandal M Venture Limited was filed with the SEC on May 30, 2025, indicating the commencement of the offering of securities to the public as soon as the registration statement becomes effective. The amendment includes the filing of exhibit 23.1 and exhibit 99.10, along with an amended exhibit index. This filing does not alter any content from the previous amendment aside from necessary administrative updates. It confirms the company is classified as an emerging growth company under SEC rules. The statement further emphasizes that there are indemnification agreements for directors and officers against certain liabilities, with liability insurance planned for covering specific claims. The document lists recent unregistered securities sales and references additional legal opinions and agreements pertinent to the registration process.

Form Type: F-1/A

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000121390025004110

Filing Summary: Kandal M Venture Limited is launching its initial public offering (IPO) of Class A ordinary shares, par value US$0.00001 per share. The offering consists of 2,100,000 Class A Ordinary Shares to be sold by the Company and an additional 656,250 shares sold by Selling Shareholders. Significant ownership post-offering indicates that 20.58% of the shares will be held by public shareholders, while DMD Venture Limited, the Controlling Shareholder, will own approximately 88.2% of the voting power. The IPO price is projected to be between US$4 and US$5 per share, with underwriters Dominari Securities LLC and Revere Securities LLC managing the offering on a firm commitment basis. The registration statement highlights that following the IPO, the company will operate as a controlled entity. This registration also includes detailed financial projections and risk factors associated with the offering, emphasizing potential impacts on share prices due to resale activities of existing shareholders. Moreover, Kandal M Venture Limited is recognized as an emerging growth company that qualifies as a foreign private issuer, which entails certain reporting benefits.