Kandal M Venture Ltd

Kandal M Venture Ltd (FMFC) priced its initial public offering on Jun 25, 2025 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $72M. Dominari was lead-left underwriter, joined by Revere. Loeb & Loeb, Conyers Dill & Pearman and Sok Siphana & Associates advised the company.

Kandal M Venture Ltd is a contract manufacturer of affordable luxury leather goods, operating through its subsidiary FMF with manufacturing in Cambodia. It makes handbags and small leather goods such as wallets for well-known fashion brands headquartered in the United States.

Status

IPO

Ticker

FMFC

Exchange

Nasdaq Capital Market

Priced

Jun 25, 2025

IPO price

$4.00

Market cap at IPO price

$72M

First filed

Oct 23, 2024

Underwriters

Dominari and Revere

Company counsel

Loeb & Loeb, Conyers Dill & Pearman and Sok Siphana & Associates

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.