The Khadim India IPO date has been confirmed from November 2, 2017 and ended on November 6, 2017. Read the post to learn about Khadim India IPO GMP.
Using an IPO, Khadim India is seeking to raise Rs 12.35 crore. Its price band is set at ₹745 to ₹750 per share and the minimum lot size for an application is 20 shares. The minimum amount of investment required by retail investors is ₹15,000.
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Key Details Of Khadim India IPO
Bidding Dates
November 2-6
Price Range
₹745 to ₹750 per share
Face Value
₹10 per share
GMP
₹397.30
Khadim India IPO GMP
The Khadim India Limited IPO GMP is ₹397.30.
Khadim India IPO Overview
The Khadim India IPO is a Rs 543.06 crore book-built issuance. The offering consists of a fresh issue of Rs 50.00 crore and an offer to sell 0.66 crore shares. Bidding for the Khadim India IPO began on November 2, 2017 and finished on November 6, 2017. On Friday, November 10, 2017, the allotment for the Khadim India IPO was completed. On November 14, 2017, the shares were listed on the BSE and NSE. The pricing range for Khadim India’s IPO is $745 to 750 per share. An application requires a minimum lot size of 20 shares. Retail investors must make a minimum commitment of $15,000.
The distribution business is run by a large network of distributors who cater to lower and middle-income consumers. The company has 357 distributors in its network. The distribution business accounted for more than 20% of its net sales. The corporation manufactures a major portion of the items offered through distributors at its own manufacturing facilities and through contract manufacturing facilities. The company has two in-house manufacturing facilities and two that are outsourced.
Key Strengths
- 2nd largest footwear retailer in India.
- Offers affordable fashion across various price segments.
- Retail and distribution business model.
- Asset light model leading to higher operating leverage
- Strong presence in East and South India.
Khadim India IPO Details
| IPO Date | November 2, 2017 to November 6, 2017 |
| Listing Date | November 14, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹745 to ₹750 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 7,240,759 shares (aggregating up to ₹543.06 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹50.00 Cr) |
| Offer for Sale | 6,574,093 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE, NSE |
Khadim India Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 4098.00 | 3522.98 | 3456.04 | |||
| Total Revenue | 6255.47 | 5388.30 | 4657.04 | |||
| Profit After Tax | 307.56 | 252.44 | (186.57) | |||
Khadim India IPO Listing Details
| Listing Date | November 14, 2017 |
| BSE Script Code | 540775 |
| NSE Symbol | KHADIM |
| ISIN | INE834I01025 |
| Final Issue Price | ₹750 per share |
Company Profile
Khadim India Limited, founded in 1981, is India’s second-largest footwear store. With a strong presence in East India, the company maintains exclusive retail locations under the ‘Khadims’ name. Khadim India has two business divisions: retail and distribution. The retail firm operates through its exclusive retail locations in large cities that cater to medium- and high-income clients. The company operates around 829 branded ‘Khadims’ exclusive retail outlets. There are 167 company-owned and run locations and the rest are franchisee-operated outlets.
The retail division accounts for more than 70% of the company’s net revenue. Outsourced suppliers make more than 85% of the merchandise sold at its retail outlets.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Khadim India Limited |
| Phone number | +91 33 4009 0501 |
| Email ID | [email protected] |
| Website | khadims.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Khadim India IPO FAQs
When Khadim India IPO will open?
The Khadim India IPO opens on November 2, 2017 and closes on November 6, 2017.
What is the lot size of Khadim India IPO?
Khadim India IPO lot size is 20 Shares, and the minimum amount required is ₹15,000.
When is Khadim India IPO listing date?
The Khadim India IPO listing date is on November 14, 2017.
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