Khadim India Limited
Issue Period – 02 NOV – 06 NOV, 2017 Issue Size – 7240760 Eq Shares (Rs.543 cr)
Issue Price – Rs.745 – Rs.750 per Eq Share Market Lot – 20 Equity Shares
Face Value – Rs 10 per Eq Share Listing at – BSE, NSE
Incorporated in 1981, Khadim India Limited is Kolkata based second largest footwear retailer in India. Company operates exclusive retail stores under the ‘Khadims’ brand with major presence in East India. Khadim India operates through two business verticals, retail and distribution. The retail business operates through its exclusive retail stores catering to middle and upper middle income consumers in large cities. Company has over 829 ‘Khadims’ branded exclusive retail stores. Out of this, 167 are company owned and operated stores and remaining are franchisee operated stores. Company’s retail business constitutes over 70% of its net revenue. Over 85% of products sold through its retail stores are manufactured by outsourced vendors.
THE OBJECT OF THE ISSUE
1. Prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company;
2. General corporate purposes.
QIB (more than Rs/- 200,000/-) 50% of Net Issue size
Non-Institutional (more than Rs/-200,000/-) 15% of Net Issue size
Retail (up to Rs/-200,000/-) 35% of Net Issue size