Indian IPO

All details about Hot Indian Primary Market.

Friday, September 14, 2007

Khadim plans IPO of 55 lakh shares

Khadim India, the footwear maker that has lately ventured into organised retailing, is planning an IPO.

The company has lined up a public issue of 55 lakh equity shares, of which the net issue to the public will be 53 lakh shares, accounting for 30.05 per cent of the fully-diluted post-issue capital.

The company plans to raise around Rs 100 crore for setting up exclusive foot wear retail stores, lifestyle retail stores, central distribution centre and improve the IT infrastructure of the company.

Khadim India is a footwear maker with 260 retail outlets across 22 states. The company forayed into value-lifestyle retailing, through its brands Khadim's Khazana. It has two more lifestyle retail stores are under the name Khadim's Egaro. These stores offer garments, footwear, jewellery, gold and groceries, among others things.

Microsec Capital has been mandated as the book running lead manager.

Khadim India reported a net profit of Rs 2.9 crore in 2006-07 (Apr-Mar) against Rs 2.7 crore in 2005-06. Net income rose at Rs 162.4 crore from Rs 134.5 crore year ago.


Post a Comment

<< Home