0002024656

IPO filing research

Kandal M Venture Ltd

Leather & Leather Products · FMFC

ipo trading trading Nasdaq Capital Market EFFECT

Kandal M Venture Ltd IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: EFFECT on 2026-08-18. Current deal snapshot: exchange Nasdaq Capital Market.

Filing Timeline

SEC EDGAR

EFFECT effective

SEC effectiveness notice

SEC declared the registration statement effective, allowing the offering to proceed.

Follows DRS/A and marks the registration effective.

2026-08-18 · 9999999995-26-002692

424B3 priced

Final prospectus

Final prospectus filed near launch with final deal terms.

Follows DRS and confirms the priced prospectus.

46,899,766 shares

Class A · Exchange Nasdaq Capital Market · Ticker FMFC · Selling stockholders only · Use of proceeds Selling stockholders with no issuer proceeds · Flags cayman_holding_company

2026-08-18 · 0001213900-26-091048

20-F supplemental

20-F

Pre-IPO filing captured from the SEC submission timeline.

First tracked pre-IPO filing for this issuer.

2026-07-30 · 0001213900-26-083084

20-F supplemental

20-F

Pre-IPO filing captured from the SEC submission timeline.

Follows CERT in the pre-IPO sequence.

2025-07-30 · 0001213900-25-069288

CERT inactive

CERT

Pre-IPO filing captured from the SEC submission timeline.

Follows 424B4 in the pre-IPO sequence.

2025-06-25 · 0001354457-25-000568

424B4 priced

Final prospectus

Final prospectus filed after pricing with final deal terms.

Follows 424B3 and confirms the priced prospectus.

Price $4.00 · 2,000,000 shares · Gross proceeds $8,000,000

Class A · Exchange Nasdaq · Ticker FMFC · Over-allotment 300,000 · Flags foreign_private_issuer, cayman_holding_company, dual_class · Underwriters Dominari Securities LLC, Revere Securities LLC

2025-06-25 · 0001213900-25-057878

424B3 priced

Final prospectus

Final prospectus filed near launch with final deal terms.

Follows 8-A12B and confirms the priced prospectus.

Price $4.00 · 1,000,000 shares

Class A · Exchange Nasdaq · Ticker FMFC · Selling stockholders only · Use of proceeds Proceeds will be received by the Resale Shareholder, with no proceeds to the company · Flags foreign_private_issuer, cayman_holding_company, dual_class

The filing outlines Kandal M Venture Ltd's dividend policies and legal frameworks across jurisdictions including the Cayman Islands, BVI, Hong Kong, and Cambodia. It emphasizes that dividends may be declared based on profits, share premiums, or reserves, subject to local laws. The document highlights risks related to enforcing U.S. court judgments in foreign jurisdictions, reliance on subsidiary dividends for funding, and potential tax implications for cross-border distributions. No dividends were declared in recent periods, with plans to retain earnings for business expansion.

2025-06-25 · 0001213900-25-057876

8-A12B effective

Exchange Act registration

Registration filed to list the securities under the Exchange Act ahead of trading.

Follows EFFECT and registers the class of securities for exchange listing.

2025-06-24 · 0001213900-25-057268

EFFECT effective

SEC effectiveness notice

SEC declared the registration statement effective, allowing the offering to proceed.

Follows F-1/A and marks the registration effective.

2025-06-23 · 9999999995-25-001985

F-1/A amended

Amended foreign registration statement

Updated foreign registration statement filed after SEC comments or deal changes.

Updates the prior F-1/A filing.

Range $4.00 to $5.00 · 2,000,000 shares

Class A · Exchange Nasdaq Capital Market · Ticker FMFC · Use of proceeds Proceeds from the public offering will be used for general corporate purposes · Flags dual_class, cayman_holding_company

2025-06-06 · 0001213900-25-051718

F-1/A amended

Amended foreign registration statement

Updated foreign registration statement filed after SEC comments or deal changes.

Updates the prior FWP filing.

Use of proceeds general corporate purposes

Kandal M Venture Limited, a contract manufacturer of affordable luxury leather goods based in Cambodia, is conducting an IPO to raise capital through the offering of 16,000,000 ordinary shares (including 13,000,000 Class A and 3,000,000 Class B shares). The company operates via its subsidiary FMF Manufacturing Co., Ltd., producing handbags and leather goods for global fashion brands. Proceeds will fund market expansion, production capacity enhancement, product development, and working capital. The filing includes administrative updates to exhibits and Part II, with no substantive changes to the registration statement.

2025-05-30 · 0001213900-25-049227

FWP supplemental

Free writing prospectus

Prospectus supplement or marketing filing that often updates active offering terms.

Follows F-1/A and supplements the active offering with updated prospectus details.

Price $4.00 · Range $4.00 to $5.00 · 18,000,000 shares · Gross proceeds $90,000,000

Class A · Exchange Nasdaq · Ticker FMFC · Over-allotment 300,000 · Use of proceeds 50% for enhancing production capacity, 30% for working capital, 10% for expanding customer base, 10% for new design center · Flags cayman_holding_company · Underwriters Dominari Securities LLC, Revere Securities LLC

Kandal M Venture Limited, through its subsidiary FMF Manufacturing Co., Ltd., is a contract manufacturer of affordable luxury leather goods based in Cambodia. The company is offering 16 million Class A and 3 million Class B ordinary shares, with proceeds allocated to geographic expansion, production capacity enhancement, and product development. The offering is underwritten by Dominari and Revere Securities LLC, targeting the Nasdaq Capital Market. The filing highlights the company's focus on global fashion brands, manufacturing expertise, and growth strategies, including entry into European markets.

2025-02-20 · 0001213900-25-015513

F-1/A amended

Amended foreign registration statement

Updated foreign registration statement filed after SEC comments or deal changes.

Updates the prior F-1/A filing.

Range $4.00 to $5.00 · 2,000,000 shares

Class A · Exchange Nasdaq · Ticker FMFC · Flags dual_class, cayman_holding_company

2025-02-18 · 0001213900-25-014684

F-1/A amended

Amended foreign registration statement

Updated foreign registration statement filed after SEC comments or deal changes.

Updates the prior F-1/A filing.

Price $4.50 · Range $4.00 to $5.00 · 2,756,250 shares

Class A · Exchange Nasdaq Capital Market · Ticker FMFC · Use of proceeds Proceeds from primary offering not specified; secondary offering proceeds go to selling shareholders · Flags cayman_holding_company, dual_class

2025-01-16 · 0001213900-25-004110

F-1/A amended

Amended foreign registration statement

Updated foreign registration statement filed after SEC comments or deal changes.

Updates the prior F-1 filing.

Price $4.50 · Range $4.00 to $5.00 · 2,756,250 shares

Class A · Exchange Nasdaq · Ticker FMFC · Flags dual_class

Kandal M Venture Ltd (KMV) is conducting an initial public offering (IPO) of 2,100,000 Class A Ordinary Shares and 656,250 shares offered by Selling Shareholders, with a proposed listing on Nasdaq under 'FMFC'. The filing includes two prospectuses: a Public Offering Prospectus for the IPO and a Resale Prospectus for 968,750 shares by a Resale Shareholder. The company operates through its Cambodian subsidiary FMF as a Cayman Islands holding company. KMV has a dual-class voting structure, with Class B shares granting 20 votes per share, ensuring controlling shareholder DMD Venture Limited retains 88.2% of voting power post-offering. The filing highlights risks related to share price volatility from resale activity, controlled company status, and listing uncertainties.

2024-12-13 · 0001213900-24-108681

F-1 filed

Initial foreign registration statement

Initial public filing for a foreign issuer submitted to start the SEC review process.

Follows DRS/A in the pre-IPO sequence.

Range $4.00 to $5.00 · 2,756,250 shares

Class A · Exchange Nasdaq Capital Market · Ticker FMFC · Use of proceeds Proceeds from primary offering not specified · Flags dual_class

Kandal M Venture Ltd (KMV) is conducting an IPO with a dual-class structure, offering 2,100,000 Class A shares and 656,250 shares from Selling Shareholders, aiming for a $4-$5 per share price. The filing includes two prospectuses: a public offering and a resale offering by a Resale Shareholder. KMV, a Cayman Islands holding company, operates through its Cambodian subsidiary FMF. The offering includes a controlled company structure with DMD Venture Limited holding 88.2% voting power, and Nasdaq listing uncertainty. The company warns of potential share price declines from large resale volumes.

2024-10-23 · 0001213900-24-089901

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2024-10-10 · 0001213900-24-086772

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2024-10-02 · 0001213900-24-084609

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2024-08-20 · 0001213900-24-070966

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS filing.

2024-08-05 · 0001213900-24-065061

DRS filed

Draft registration statement

Draft registration filed confidentially before the public launch.

First tracked pre-IPO filing for this issuer.

2024-06-28 · 0001213900-24-056950

Comparable Deals

Not enough completed IPOs with similar characteristics to show comparables yet.

Recent News

No recent news stored for this issuer.