Khadim India is coming out with a 100% book building; initial public offering (IPO) of 72,45,233 shares of Rs 10 each in a price band Rs 745 - 750 per equity share. The issue will open for subscription on November 2, 2017 and will close on November 6, 2017. The shares will be listed on BSE as well as NSE.
The company will use the issue proceeds for prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the company and General corporate purposes.
The book running lead managers to the issue are Axis Capital and IDFC Bank, while the compliance officer for the issue is Abhijit Dan.
The company is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. It 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.
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