11:29 AM EDT, 06/25/2025 (MT Newswires) -- Kandal M Venture ( FMFC ) said Wednesday that it has priced its initial public offering of 2 million class A common shares at $4 apiece.

The company said it granted the underwriters a 45-day option to purchase up to 300,000 additional shares at the same IPO price.

Kandal M Venture ( FMFC ) expects to close the IPO on Thursday and plans to use the proceeds to increase its production capacity, expand its customer base, and for additional working capital.

Kandal M Venture ( FMFC ) said its shares are set to start trading on Nasdaq from Wednesday under the "FMFC" ticker.