Kandal M Venture shares surge 14.61% after-hours following full-year revenue and gross profit increase announcement.

Kandal M Venture Limited (FMFC) surged 14.61% in after-hours trading following the announcement that underwriters fully exercised their over-allotment option in the company’s recent initial public offering (IPO). The exercise of the over-allotment option, which allows underwriters to purchase additional shares to stabilize the stock price post-IPO, typically signals strong investor demand and confidence in the offering. This event, combined with the completion of the IPO and positive financial results reported earlier in the fiscal year, reinforced market optimism about the company’s near-term prospects. While Yahoo Finance’s news summary was inaccessible, GlobeNewswire confirmed FMFC’s announcement of the over-allotment exercise and highlighted its full-year revenue and gross profit growth, aligning with the post-market rally. The move reflects institutional support and liquidity improvements from the IPO process.