Khadim India IPO Allotment
Khadim India IPO Allotment Status and Listing details
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.
Khadim India Limited has filed the DRHP with SEBI and is all set to tap the capital markets by means of an IPO through the book building process. Khadim India Limited is a Kolkata based company which is into footware retail. Khadim India Limited will use the proceeds of the IPO to open several new footware retail shops and thereby expand its presence in the booming footware retail industry in the country. Microsec Capital is the lead manager for the Khadim India IPO. The IPO issue size of Khadim IPO is likely to be around Rs. 110 crores.
