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Kian-M Export files DRHP with SEBI for IPO to raise up to ₹500 crore
The IPO combines a fresh issue of up to ₹500 crore with an offer for sale of up to 15 lakh shares by existing shareholders.
Kian-M Export Ltd has filed its Draft Red Herring Prospectus with India’s Securities and Exchange Board of India on September 25, 2026, seeking to raise funds through an initial public offering, according to LiveMint Markets.
The proposed IPO includes a fresh issue of up to ₹500 crore and an offer for sale of up to 15 lakh shares by existing shareholders.
The company plans to use proceeds from the fresh issue for working capital requirements, acquiring a 35.29% stake in Ultra Denim Ltd, purchasing machinery and equipment, and making capital expenditure investments in its material subsidiary, Usha Cotton Ltd.
LiveMint Markets also said the proceeds will be used for general corporate purposes, with Mirae Asset Capital Markets (India) Pvt. Ltd. named as the book-running lead manager and MUFG Intime India Pvt. Ltd. as the registrar, and the equity shares proposed to be listed on the National Stock Exchange of India and BSE.