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: [email protected]
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: [email protected]
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)
dont apply in this
Please advise why?
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.
All these promoters hates sebi officers and taking more premium…AVOID these type of ipos
Superhouse, Mirza International. Compare valuation with these two. Even Bata. What long term ? IPO has become new trapping device. Run
best ipo
how much you got to publish this ??
haha, i think its fake, just using name of “Rakesh ji”
Bull market traps! Just avoid them all…
Pricing very high in front of bata and liberty.what happened advice go for applicationor avoid it
Khadim gmp is declining, no need to get stuck in this after GIC..
Same information is available on ipo wala. Who is copying who?
Haha, ipowala is ditto copy paste. Amazed such people exist. Anyway, good research and analysis on Ipo central, can’t copy everything!
Avoid this IPOwala and as they say, imitation is the best form of flattery. This guy must be a fan of IPO Central!!
Are chhodiye bhi, kahe itna bhav de rahe hain.
Please don’t apply in this one, if you want shoe stock play with LIBERTY
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.
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.
Campany is good but ipo is so cast.keep 1 lot and keep it long term
LISTING WILL BE VERY HIGH
Buy it at the time of listing for more profit. it will go 950 after listing 850+ : gray market
Listing is 720 – 750. This is bullshit ipo. After listing then buy. About 650 to 680 then buy.
And retail portion was subscribed more than two times. Small investors never learn…