Khadim’s India Files IPO Papers With Sebi

Khadim’s India Files IPO Papers With Sebi

July 03,2017 : According to sources, the company is expected to garner an estimated Rs. 550-650 crore through the initial share-sale offer.

New Delhi: Footwear retailer Khadim India has filed draft papers with capital markets regulator Sebi to raise an estimated Rs. 550-650 crore through an initial public offering.

The initial public offer (IPO) comprises of a fresh issue of equity shares aggregating up to Rs. 50 crore and an offer for sale of up to 6,574,093 equity shares by the existing shareholders.

Net proceeds from the issue would be utilised towards pre-payment of loans and and for general corporate purposes.

According to sources, the company is expected to garner an estimated Rs. 550-650 crore through the initial share-sale offer.

Axis Capital and IDFC Bank are the book running lead managers to the issue.

The company was incorporated in 1981 and for several years it was involved in wholesaling and distribution of basic utility footwear. It entered into the retail business in 1993.

As on March 31, 2017, it has 829 retail store outlets in 24 states, according to Khadim India’s website.

Khadim’s own the below brands

 

Soource : http://economictimes.indiatimes.com/markets/ipos/fpos/footwear-maker-khadim-india-files-ipo-papers-with-sebi/articleshow/59427091.cms

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3 comments

  1. FutureFootwear
    November 2nd, 2017 14:00

    Khadim’s IPO is coming on 02-11-2017

    Reply

  2. Suresh
    November 14th, 2017 14:17

    Khadim listed today in the stock market. It listed 3.6 % discount than issue price (745-750) and went lower to 5% down.

    It touched lowest 703 today

    Reply

  3. Suresh
    November 15th, 2017 9:27

    Today’s low is 666.
    Not sure where it reach.. may be need to wait further dip.

    Reply

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