Khadim India IPO

Khadim India IPO

Khadim India IPO

Business description from prospectus - Khadim India is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. The company 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, in fiscal 2016. It also had the largest footwear retail franchisee network in India in fiscal 2016.

As at March 31, 2017, the company operated 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, through its retail business vertical. 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. Further, it had a network of 357 distributors in fiscal 2017, in the distribution business vertical. The distribution business operates through a wide network of distributors catering to lower and middle income consumers in metros and Tier I – Tier III cities, who primarily shop in multi-brand-outlets (MBO) for functional products. The company is also engaged in the business of institutional sales and export of footwear.

Promoters of Khadim India - Siddhartha Roy Burman and Knightsville Private Limited

Khadim India IPO details
Subscription Dates2 - 6 November 2017
Price BandINR745 - 750 per share
Fresh issueINR50 crore
Offer For Sale6,574,093 shares (INR489.77 - 493.05 crore)
Total IPO sizeINR539.77 - 543.05 crore)
Minimum bid (lot size)20 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Khadim India's financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017
Total revenue425.7483.1465.7538.8625.5
Total expenses412.2464.8484.8513.0584.8
Profit after tax8.912.1-18.725.230.8

Khadim India Contact Details

Khadim India Limited 
Kankaria Estate, 5th Floor
6, Little Russell Street
Kolkata - 700 071

Phone: +91 33 4009 0501 
Fax: 
+91 33 4009 0500
Email:
[email protected]
Website: www.khadims.com

Registrar of Khadim India IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Valuation of Khadim India (Based on latest FY)

Earnings Per Share (EPS): INR17.78

Price/Earnings (P/E) ratio: 41.90 - 42.18

Return on Net Worth (RONW): 16.61%

Net Asset Value (NAV): INR107.04 per share

Khadim India IPO Subscription Details

CategoryShares offeredSubscription (no. of times, at 6 PM)
Day 1Day 2Day 3
QIB 1,450,3890.000.092.45
NII1,086,7850.000.030.18
Retail 2,535,8320.270.842.30
Total5,073,0060.140.451.89

Khadim India IPO Allotment Status

Khadim India IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Khadim India

IPO Opening Date: 2 November 2017

IPO Closing Date: 6 November 2017

Finalisation of Basis of Allotment: 10 November 2017

Initiation of refunds: 13 November 2017

Transfer of shares to demat accounts: 13 November 2017

Listing Date: 14 November 2017

Listing Price on NSE: INR730 per share (down 2.7% from IPO price)

Closing Price on NSE: INR688.85 per share (down 8.15% from IPO price)

22 COMMENTS

  1. Its a good to apply since they are doing very well in Retail Business and Opening Stores in ABC class cities. Specially in Small Cities they are doing well. My advice is that its a long term investment.

  2. 1. Fully priced with compare to Bata & Relxo. Even bata is better choice.
    2. thin margin .
    3. Though Debt/Equity is in decline mode FY17 D/E ratio is greater than 1 is concern while other peer group like bata (D/E=0), relxo (D/E=0.22) .
    4. Some other listed player from this space is available at very cheap valuation like Mirza Internationl and superhouse.
    5. Major Exposure in East only.

  3. Superhouse, Mirza International. Compare valuation with these two. Even Bata. What long term ? IPO has become new trapping device. Run

  4. 750/- very high valuation in this ipo. But this ipo only for longterm investment perspective then invested. This company is very good benifit to GST. so invested.

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