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Kian-M Export Files DRHP for ₹500 Crore IPO
Kian-M Export is a company that makes and sells different kinds of textiles.
It has filed documents to potentially sell shares to the public.
This share sale is called an IPO.
The IPO could include new shares worth up to ₹500 crore.
Existing shareholders may also sell up to 15 lakh shares.
The company wants to use some new money for daily business needs and new equipment.
It also plans to buy part of Ultra Denim and invest in Usha Cotton.
African print fabrics were its biggest source of revenue in FY2026.
The shares are proposed to be listed on the National Stock Exchange of India and BSE.
Kian-M Export filed its DRHP with SEBI on September 25, 2026.
The proposed IPO includes a fresh issue of up to ₹500 crore and an OFS of up to 15 lakh shares.
Fresh-issue proceeds may fund working capital, an Ultra Denim stake purchase, machinery, and capital expenditure at Usha Cotton.
Kian-M Export manufactures textiles, sarees, African print fabrics, apparel, and Middle Eastern-style garment fabrics.
African print fabrics generated 52% of the company’s revenue in FY2026, largely from exports to African markets.
- Who
- Kian-M Export Ltd, a textile manufacturer and exporter, filed the DRHP; SEBI is the market regulator receiving it.
- What
- The company proposed an IPO combining a fresh issue of up to ₹500 crore with an OFS of up to 15 lakh shares.
- Where
- The proposed shares are to be listed on the National Stock Exchange of India and BSE.
- When
- The DRHP was filed on September 25, 2026.
- Why
- The fresh-issue proceeds are intended for working capital, acquiring a 35.29% stake in Ultra Denim Ltd, purchasing machinery and equipment, capital expenditure at Usha Cotton Ltd, and general corporate purposes.
Key facts
- Fresh issue
- Up to ₹500 crore
- Offer for Sale
- Up to 15 lakh shares offered by existing shareholders
- Stake acquisition
- Kian-M Export plans to acquire a 35.29% stake in Ultra Denim Ltd
- Lead manager
- Mirae Asset Capital Markets (India) Pvt. Ltd.
- Registrar
- MUFG Intime India Pvt. Ltd.
- Proposed listings
- National Stock Exchange of India and BSE
- Largest FY2026 revenue segment
- African print fabrics, accounting for 52% of revenue
- Growth claim
- From FY2024 to FY2026, revenue, EBITDA, and profit grew at CAGRs of 25.09%, 63.27%, and 118.82%, respectively
Quotes
Kian-M Export Ltd
The textile manufacturer and exporter, as quoted in its DRHP report
“We have demonstrated consistent growth and profitability from Fiscal 2024 to Fiscal 2026, with our revenue from operations, EBITDA and our profit for the year increasing at a CAGR of 25.09%, 63.27% and 118.82%, respectively.”
livemint.com
Sources
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