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 Dates 2 - 6 November 2017
Price Band INR745 - 750 per share
Fresh issue INR50 crore
Offer For Sale 6,574,093 shares (INR489.77 - 493.05 crore)
Total IPO size INR539.77 - 543.05 crore)
Minimum bid (lot size) 20 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Khadim India's financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 425.7 483.1 465.7 538.8 625.5
Total expenses 412.2 464.8 484.8 513.0 584.8
Profit after tax 8.9 12.1 -18.7 25.2 30.8

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:
compliance@khadims.com
Website: www.khadims.com

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: khadim.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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

Category Shares offered Subscription (no. of times, at 6 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 is now available on Link Intime's website. Click on this link to get allotment status.

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)

Khadim India IPO
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22 thoughts on “Khadim India IPO

  • November 14, 2017 at 2:28 PM
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    And retail portion was subscribed more than two times. Small investors never learn…

    Reply
  • November 12, 2017 at 10:19 PM
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    Listing is 720 – 750. This is bullshit ipo. After listing then buy. About 650 to 680 then buy.

    Reply
  • November 10, 2017 at 10:39 AM
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    LISTING WILL BE VERY HIGH
    Buy it at the time of listing for more profit. it will go 950 after listing 850+ : gray market

    Reply
  • November 5, 2017 at 7:45 PM
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    Campany is good but ipo is so cast.keep 1 lot and keep it long term

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  • November 4, 2017 at 11:48 AM
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    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.

    Reply
  • November 3, 2017 at 6:06 PM
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    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.

    Reply
  • November 2, 2017 at 6:58 PM
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    Please don’t apply in this one, if you want shoe stock play with LIBERTY

    Reply
  • November 1, 2017 at 1:56 PM
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    Same information is available on ipo wala. Who is copying who?

    Reply
    • November 1, 2017 at 5:29 PM
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      Haha, ipowala is ditto copy paste. Amazed such people exist. Anyway, good research and analysis on Ipo central, can’t copy everything!

      Reply
    • November 2, 2017 at 12:21 PM
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      Avoid this IPOwala and as they say, imitation is the best form of flattery. This guy must be a fan of IPO Central!!

      Reply
      • November 2, 2017 at 10:00 PM
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        Are chhodiye bhi, kahe itna bhav de rahe hain.

        Reply
  • October 31, 2017 at 6:46 PM
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    Khadim gmp is declining, no need to get stuck in this after GIC..

    Reply
  • October 30, 2017 at 4:13 PM
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    Pricing very high in front of bata and liberty.what happened advice go for applicationor avoid it

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  • October 28, 2017 at 1:43 PM
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    Bull market traps! Just avoid them all…

    Reply
  • October 27, 2017 at 10:28 PM
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    best ipo

    Reply
    • November 2, 2017 at 12:34 PM
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      how much you got to publish this ??

      Reply
      • November 2, 2017 at 5:29 PM
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        haha, i think its fake, just using name of “Rakesh ji”

        Reply
  • October 27, 2017 at 2:25 PM
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    Superhouse, Mirza International. Compare valuation with these two. Even Bata. What long term ? IPO has become new trapping device. Run

    Reply
  • October 26, 2017 at 10:59 PM
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    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.

    Reply
    • November 6, 2017 at 7:15 PM
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      All these promoters hates sebi officers and taking more premium…AVOID these type of ipos

      Reply

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