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Kandal M Venture Limited (Nasdaq: FMFC), a Cambodia-based contract manufacturer of affordable luxury leather goods, has reported customer orders totaling $6.72 million for the fiscal year ending March 31, 2026.
The orders, covering Resort 2026 and Spring 2026 seasons, align with company expectations. The Resort Season targets end-of-year U.S. sales, while Spring Season covers January to March. The company serves well-known global fashion brands headquartered in the United States and plans to expand its geographic presence to grow its customer base.
Kandal M Venture Limited (Nasdaq: FMFC), a Cambodian contract manufacturer of luxury leather goods, reported financial results for FY ended March 31, 2025. Revenue increased 23% to $17.19 million from $13.97 million in FY2024, driven by post-pandemic market recovery and increased sales volumes.
The company recently completed its IPO on June 26, 2025, raising $9.2 million through the sale of 2.3 million Class A ordinary shares at $4.00 per share, including full exercise of the over-allotment option. However, net income declined 81.3% to $209,673, primarily due to increased costs and one-off IPO expenses. Gross profit margin decreased to 19.5% from 24.1% due to product mix changes and higher production costs.
Kandal M Venture Limited (NASDAQ: FMFC), a contract manufacturer of luxury leather goods in Cambodia, announced the full exercise of the underwriters' over-allotment option for its IPO. The underwriters purchased an additional 300,000 Class A ordinary shares at $4.00 per share, generating extra gross proceeds of $1.2 million.
The total IPO size has now increased to 2,300,000 Class A ordinary shares with gross proceeds of $9.2 million. The company's shares began trading on the Nasdaq Capital Market on June 25, 2025. Proceeds will fund geographical expansion into European markets, enhance production capacity, establish a new design center, and provide working capital.
Kandal M Venture Limited (Nasdaq: FMFC), a contract manufacturer of luxury leather goods in Cambodia, has successfully completed its Initial Public Offering (IPO) of 2,000,000 Class A ordinary shares at $4.00 per share, raising gross proceeds of $8.0 million.
Trading began on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC". The company plans to use the proceeds for expanding into European markets, enhancing production capacity, establishing a new design center, and working capital. The underwriters have a 45-day option to purchase an additional 300,000 shares at the offering price.
Kandal M Venture Limited (Nasdaq: FMFC), a contract manufacturer of luxury leather goods in Cambodia, has announced the pricing of its Initial Public Offering of 2,000,000 Class A ordinary shares at $4.00 per share. Trading is set to begin on June 25, 2025 on the Nasdaq Capital Market.
The company has granted underwriters a 45-day option to purchase up to 300,000 additional shares. The offering is expected to close on June 26, 2025. Proceeds will fund geographical expansion into European markets, enhance production capacity, establish a new design center, and provide working capital.
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