Footwear maker Khadim India is planning an Initial Public offering (IPO) of 55 lakh equity shares, accounting for 30.05 per cent of the fully-diluted post-issue capital.
Khadim IPO will offer 55 lakh equity shares out of which 2 lakh equity shares are reserved for the employees so the total net issue to the public is 53 lakh equity shares.
Khadim India plans to raise around Rs 100 crore from the IPO for setting up exclusive foot wear retail stores, lifestyle retail stores, central distribution centre and improve the IT infrastructure of the company.
Khadim India has 260 retail outlets across 22 states. The company also forayed into value-lifestyle retailing, through its brand Khadim’s Khazana and Khadim’s Egaro which offer garments, footwear, jewellery, gold and groceries.
Microsec Capital Limited is the book running lead manager and the Registrar of the issue is Intime Spectrum Registry Limited. The company plans to list the shares on NSE and BSE stock exchnages of India.
For further details read the Red Herring Draft Prospectus of Khadim India Limited IPO.
1 comment so far ↓
khadim india ipo is good as the retail ipo in india have done well in the past
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