Khadim India IPO
Khadim India IPO — date, price band, lot size & details 2017
Khadim India listed on 14 Nov 2017 at ₹730, 2.7% below the ₹750 issue price.
Khadim India is a Kolkata based footwear retailer, the second largest in India, selling through its own Khadims stores and distribution, mainly in eastern India. Its total income was Rs 625.55 crore in FY2017.
Stock price
Khadim India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 02 Nov 2017
- Close 06 Nov 2017
- Allotment 10 Nov 2017
- Refund/credit 13 Nov 2017
- Listing 14 Nov 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 2 to 6 Nov, 2017 |
|---|---|
| Price Band | ₹745 – ₹750 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹543.06 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹750 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹15,000 |
| Retail (max) | 13 | 260 | ₹1,95,000 |
| S-HNI (min) | 14 | 280 | ₹2,10,000 |
| S-HNI (max) | 66 | 1,320 | ₹9,90,000 |
| B-HNI (min) | 67 | 1,340 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the second largest footwear retailer in India, with total income of Rs 625.55 crore in FY2017.
- 02Total income rose from Rs 465.70 crore in FY2015 to Rs 625.55 crore in FY2017.
- 03It turned a loss of Rs 18.66 crore in FY2015 into a profit of Rs 30.76 crore in FY2017.
- 04Net worth rose from Rs 129.16 crore in FY2015 to Rs 192.26 crore on 30 June 2017.
Risks · 5
- 01It made a loss of Rs 18.66 crore in FY2015, so its profit record is short.
- 02Total borrowing was Rs 136.73 crore on 30 June 2017.
- 03Its stores are concentrated in eastern India, so regional demand drives sales; profit was Rs 7.11 crore in the June 2017 quarter.
- 04Rs 493.06 crore of the Rs 543.06 crore issue went to selling shareholders.
- 05Promoter holding fell from 66.17% before the issue to 59.7% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Khadim India offer document.
| Metric | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 487.36 | 409.80 | 352.30 | 345.60 |
| Total Income | 179.76 | 625.55 | 538.83 | 465.70 |
| Profit After Tax | 7.11 | 30.76 | 25.24 | -18.66 |
| NET Worth | 192.26 | 185.16 | 154.40 | 129.16 |
| Reserves and Surplus | 174.96 | 167.86 | 137.10 | 111.86 |
| Total Borrowing | 136.73 | - | 104.70 | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹47.49 Cr of the issue is earmarked to named objects.
Khadim India IPO Anchor Investors
17 anchor investors across 10 fund houses committed ₹162.90 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It runs exclusive retail stores under the Khadims brand, with a strong presence in eastern India.
It works through two verticals: retail, serving middle and upper middle income customers, and distribution.
The IPO was Rs 543.06 crore, with Rs 50.00 crore of fresh issue and Rs 493.06 crore of offer for sale, at Rs 750, the top of the Rs 745 to Rs 750 band. The fresh money was mainly for repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Khadim India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Khadim India?
The current Grey Market Premium is ₹17.5, or 2% over the issue price.
What is the Khadim India IPO price band?
₹745 to ₹750, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 November 2017, with listing on 14 November 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
