Khadim India has debuted at Rs 727.00 on the BSE, down by 23 points or 3.07% from its issue price of Rs 750.
The scrip is currently trading at Rs 717.60, down by 32.40 points or 4.32% from its issue price. It has touched a high and low of Rs 740.00 and Rs 712.40 respectively. So far 2,09,000 shares were traded on the counter.
The offering, which was open for subscription between November 2 and November 6, was subscribed 1.90 times. The issue price was fixed at Rs 750 per share i.e. at upper end of price band of Rs 745 - 750 apiece.
Khadim India operates as a footwear retailer in India under the brand Khadim’s. It also engages in the manufacture and sale of footwear. The company operates approximately 260 retail outlets in 22 states.
