Core Viewpoint - Kandal M Venture Limited has reported significant growth in revenue and completed a successful IPO, marking a new phase of growth and global recognition for the company [2][3]. Financial Performance - Revenue increased by US$3,214,934 or approximately 23.0%, from US$13,971,743 for the year ended March 31, 2024 to US$17,186,677 for the year ended March 31, 2025, driven by growth in handbag sales and recovery in the global handbag market [4]. - Cost of sales rose by US$3,224,831 or approximately 30.4%, from US$10,604,640 to US$13,829,471 during the same period [5]. - Gross profit decreased by US$9,897 or approximately 0.3%, from US$3,367,103 to US$3,357,206, with a gross profit margin decline of approximately 4.6 percentage points, from 24.1% to 19.5% [6]. - Selling and distribution expenses remained stable at approximately 1.7% of revenue for 2024 and approximately 1.8% for 2025 [7]. - Professional services fees surged by US$822,461 or approximately 1,094.5%, from US$75,147 to US$897,608, primarily due to one-off IPO-related expenses [8][9]. - Net income decreased by US$909,859 or approximately 81.3%, from US$1,119,532 to US$209,673, attributed to increased cost of goods sold and one-off IPO expenses [12]. Cash Flow and Operating Activities - The company generated net cash from operating activities of US$2,134,565 for the year ended March 31, 2025, mainly from net profit of US$228,954 [11]. - Cash inflow was primarily from sales, while cash outflow was mainly for raw material purchases, staff costs, and other operating expenses [10]. IPO and Market Presence - The company completed its IPO on June 25, 2025, selling 2,000,000 Class A ordinary shares at a price of $4.00 per share, with total gross proceeds reaching $9.2 million after the over-allotment option [2][3]. - The IPO marks a significant milestone as the company aims to expand its global presence and enhance production and design capabilities [3]. Company Overview - Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods, primarily handbags, with manufacturing operations in Cambodia [13].

Core Points - Kandal M Venture Limited has successfully completed its initial public offering (IPO), with underwriters exercising their over-allotment option to purchase an additional 300,000 Class A ordinary shares at $4.00 per share, resulting in gross proceeds of $1.2 million [1] - The total number of Class A ordinary shares sold in the IPO has increased to 2,300,000, with total gross proceeds reaching $9.2 million [1] - The Class A ordinary shares began trading on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC" [1] Use of Proceeds - The net proceeds from the IPO will be utilized for expanding the customer base into key markets, particularly in Europe [1] - The company plans to enhance its production capacity and establish a new design and development center to improve product development capabilities [1] - Additional working capital and general corporate purposes will also be funded through the proceeds [1] Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [5] - The company primarily produces various types of handbags and smaller leather goods, including wallets [5]

Core Viewpoint - Kandal M Venture Limited successfully completed its initial public offering, raising a total of $9.2 million after the underwriters exercised their over-allotment option, indicating strong market interest in the company's shares [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 300,000 Class A ordinary shares at $4.00 per share, resulting in additional gross proceeds of $1.2 million [1]. - The total number of Class A ordinary shares sold in the offering increased to 2,300,000, with gross proceeds reaching $9.2 million before deductions [1]. - The Class A ordinary shares began trading on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC" [1]. Group 2: Use of Proceeds - The company plans to use the net proceeds from the offering for several strategic initiatives, including expanding its customer base into European markets, enhancing production capacity, establishing a new design and development center, and for general corporate purposes [1]. Group 3: Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [5]. - The company primarily produces a variety of handbags and smaller leather goods, such as wallets [5].

Core Viewpoint - Kandal M Venture Limited has successfully closed its initial public offering, raising $8.0 million by offering 2,000,000 Class A ordinary shares at a price of $4.00 per share, with plans to expand its market reach and enhance production capabilities [1][4]. Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia. The company primarily produces various types of handbags and smaller leather goods such as wallets [7]. Offering Details - The initial public offering consisted of 2,000,000 Class A ordinary shares priced at $4.00 each, resulting in gross proceeds of $8.0 million before expenses [1]. - The company has granted underwriters a 45-day option to purchase an additional 300,000 Class A ordinary shares at the offering price [2]. - The offering was conducted on a firm commitment basis, with Dominari Securities LLC as the lead underwriter and Revere Securities LLC as the co-underwriter [3]. Use of Proceeds - The net proceeds from the offering will be utilized for several strategic initiatives, including: - Expanding the customer base by entering key European markets - Enhancing production capacity - Establishing a new design and development center to improve product development capabilities - Providing additional working capital and general corporate purposes [1]. Regulatory Information - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on June 23, 2025. The final prospectus was filed on June 25, 2025, and is available on the SEC's website [4].

Core Viewpoint - Kandal M Venture Limited has successfully priced its initial public offering (IPO) of 2,000,000 Class A ordinary shares at $4.00 per share, with trading expected to commence on June 25, 2025, under the symbol "FMFC" [1]. Group 1: Offering Details - The IPO is set to close on June 26, 2025, pending customary closing conditions [1]. - The company has granted underwriters a 45-day option to purchase an additional 300,000 Class A ordinary shares at the offering price [2]. - The offering is being conducted on a firm commitment basis, with Dominari Securities LLC as the representative underwriter and Revere Securities LLC as the co-underwriter [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding the customer base into key markets, particularly in Europe [1]. - The funds will also enhance production capacity and establish a new design and development center to improve product development capabilities [1]. - Additional working capital and general corporate purposes will also be funded through the proceeds [1]. Group 3: Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [6]. - The company primarily produces a variety of handbags and smaller leather goods, including wallets [6].