Incorporated in 1981, Khadim India Limited is Kolkata based second largest footwear retailer in India. Company operates exclusive retail stores under the ‘Khadims’ brand with major presence in East India. Khadim India operates through two business verticals, retail and distribution.
The retail business operates through its exclusive retail stores catering to middle and upper middle income consumers in large cities. Company has over 829 ‘Khadims’ branded exclusive retail stores. Out of this, 167 are company owned and operated stores and remaining are franchisee operated stores. Company’s retail business constitutes over 70% of its net revenue. Over 85% of products sold through its retail stores are manufactured by outsourced vendors.
The distribution business operates through a wide network of distributors catering to lower and middle income consumers. Company have a network of 357 distributors. The distribution business constituted over 20% of its net revenue. A large portion products sold through distributors are manufactured by the company at its own manufacturing facilities and through contract manufacturing facilities. Company have two owned manufacturing facilities and two outsourced manufacturing facilities.
Key Strengths
- 2nd largest footwear retailer in India.
- Offers affordable fashion across various price segments.
- Retail and distribution business model.
- Asset light model leading to higher operating leverage.
- Strong presence in East and South India.
Khadim India IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹745 to ₹750 per equity share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540775 |
| NSE Symbol | KHADIM |
| ISIN | INE834I01025 |
| Issue Size | Aggregating up to ₹543.06 Cr |
| Fresh Issue | Aggregating up to ₹50.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Khadim India IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 2-Nov-17 |
| IPO Close Date | 6-Nov-17 |
| Basis of Allotment Date | 10-Nov-17 |
| IPO Listing Date | 14-Nov-17 |
Khadim India IPO Lot Size]
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 20 | ₹15,000 |
| Maximum | 13 | 260 | ₹195,000 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Khadim India Limited
Company Promoters:
The promoters os the Company are:
- Siddhartha Roy Burman; and
- Knightsville Private Limited.
Knightsville Private Limited is the holding company of Khadim India Limited and is currently not engaged in any other business. Siddhartha Roy Burman and Tanusree Roy Burman are the directors of Knightsville Private Limited.
Company Financials:
| PARTICULAR | 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 |
Objects of the Issue:
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Offer for Sale
The Selling Shareholders will recieve the proceeds of the Offer for Sale. Company will not receive any proceeds from this.
The Fresh Issue
The Net Proceeds from the Fresh Issue are proposed to be utilised towards the following objects:
- Prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company; and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | Khadim India IPO Registrar |
| Khadim India Limited Kankaria Estate, 5th Floor, 6, Little Russell Street, Kolkata 700 071 Phone: +91 33 4009 0501 Email: compliance@khadims.com Website: https://www.khadims.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: khadim.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
