Business description from prospectus – Khadim India is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. The company is the second largest footwear retailer in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three players in South India, in fiscal 2016.
It also had the largest footwear retail franchisee network in India in fiscal 2016.
As at March 31, 2017, the company operated 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, through its retail business vertical. The retail business operates through exclusive retail stores catering to middle and upper middle income consumers in metros (including mini-metros) and Tier I – Tier III cities, who primarily shop in high street stores and malls, for fashionable products.
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Further, it had a network of 357 distributors in fiscal 2017, in the distribution business vertical. The distribution business operates through a wide network of distributors catering to lower and middle income consumers in metros and Tier I – Tier III cities, who primarily shop in multi-brand-outlets (MBO) for functional products.
The company is also engaged in the business of institutional sales and export of footwear.
Promoters of Khadim India – Siddhartha Roy Burman and Knightsville Private Limited
|Khadim India IPO details|
|Subscription Dates||2 – 6 November 2017|
|Price Band||INR745 – 750 per share|
|Fresh issue||INR50 crore|
|Offer For Sale||6,574,093 shares (INR489.77 – 493.05 crore)|
|Total IPO size||INR539.77 – 543.05 crore)|
|Minimum bid (lot size)||20 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Khadim India’s financial performance (in INR crore)|
|Profit after tax||8.9||12.1||-18.7||25.2||30.8|
Khadim India Limited
Kankaria Estate, 5th Floor
6, Little Russell Street
Kolkata – 700 071
Phone: +91 33 4009 0501
Fax: +91 33 4009 0500
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Earnings Per Share (EPS): INR17.78
Price/Earnings (P/E) ratio: 41.90 – 42.18
Return on Net Worth (RONW): 16.61%
Net Asset Value (NAV): INR107.04 per share
Khadim India IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 6 PM)
|Day 1||Day 2||Day 3|
Khadim India IPO allotment status is now available on Link Intime’s website.
Click on this linkto get allotment status.
IPO Opening Date: 2 November 2017
IPO Closing Date: 6 November 2017
Finalisation of Basis of Allotment: 10 November 2017
Initiation of refunds: 13 November 2017
Transfer of shares to demat accounts: 13 November 2017
Listing Date: 14 November 2017
Listing Price on NSE: INR730 per share (down 2.7% from IPO price)
Closing Price on NSE: INR688.85 per share (down 8.15% from IPO price)