Khadim India Limited also known as KIL is the second largest footwear retailer in India United in 1981.In terms of a 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, in the financial year 2016.As per Technopak Report KIL also had the largest footwear retail franchise network in India in fiscal 2016.
The KIL company operates through two distinct business verticals, retail and distribution. The retail business operates through exclusive retail stores catering to middle and upper middle income consumers in metros (including mini-metros) and Tier I – Tier III cities, who primarily shop in high street stores and malls, for fashionable products. As at March 31, 2017, it operated 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, through its retail business vertical. It had a network of 357 distributors in the financial year 2017, in its distribution business vertical. The company is also engaged in the business of institutional sales and export of footwear.
Key Strengths:
- 2nd largest footwear brand in India.
- Offers affordable fashion across various price segments.
- Retail and distribution business model.
- General corporate purposes.
- Asset light model leading to higher operating leverage.
- Extensive geographical presence in East and South India
- Experienced promotors supported by qualified entrepreneurial management team.
Company Promoters:
The promoters of the Company are:
- Siddhartha Roy Burman; and
- Knightsville Private Limited.
Khadim India Limited IPO details
Issue Open: Nov 2, 2017 – Nov 6, 2017
Issue Type: Book Built Issue IPO
Issue Size:
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 50.00 Cr
› Offer for Sale of 6,574,093 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 745 – Rs 750 Per Equity Share
Market Lot:20 Shares
Minimum Order Quantity:20 Shares
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 3522.98 3456.04 Total Revenue 6255.47 5388.3 4657.04 Profit After Tax 307.56 252.44 -186.57 |
Khadim India Limited IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,450,389 | 0.00 | 0.09 | 2.45 |
| NII | 1,086,785 | 0.00 | 0.03 | 0.18 |
| Retail | 2,535,832 | 0.27 | 0.84 | 2.30 |
| Total | 5,073,006 | 0.14 | 0.45 | 1.89 |
Khadim India IPO Allotment Status:
Khadim India IPO Allotment Date: 10 November 2017
Khadim India IPO Listing Date: 14 November 2017
You can check your allotment status using your PAN number.
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