IPO Preview | Kandal M Venture Will be Listed on 5/1/2025

Kandal M Venture intend to list their shares of common stock for trading on 5/1/2025, under the symbol “FMFC”. Dominari Securities LLC is acting as the representative of the underwriters of this offering. The initial public offering is 2.75625 million shares. The initial public offering price of share will be $4 per share to $5 per share.
*It should be noted that the timing of IPOs may change at any time (including early or late), so investors should continue to follow the relevant news.

【Financial Results】
From 4/1/2024 to 9/30/2024, the revenue of Kandal M Venture was 9.523465 miilion USD, the net income of Kandal M Venture was 0.651621 million USD.
In 2024, the revenue of Kandal M Venture was 13.971743 miilion USD, the net income was 1.119532 million USD.
In 2023, the revenue was 13.471471 miilion USD, the net income was 0.744499 million USD.

【Company Profile】
Kandal M Venture Limited was incorporated in the Cayman Islands on January 16, 2024 and is a holding company. As a holding company with no material operations, they conduct their operations in Cambodia through their operating subsidiary, FMF. Through FMF, their operating subsidiary, they are a contract manufacturer of affordable luxury leather goods with their manufacturing operations in Cambodia. They primarily manufacture handbags, such as shoulder bag, crossbody bag, tote bag, backpack, top-handle handbag, satchel and other smaller leather goods, such as wallets.