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
1. 2nd largest footwear retailer in India.
2. Offers affordable fashion across various price segments.
3. Retail and distribution business model.
4. Asset light model leading to higher operating leverage.
5. Strong presence in East and South India.
The promoters os the Company are:
1. Siddhartha Roy Burman; and
2. 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.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 4098.00 | 3522.98 | 3456.04 | |||
| Total Revenue | 6255.47 | 5388.30 | 4657.04 | |||
| Profit After Tax | 307.56 | 252.44 | (186.57) | |||
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:
1. Prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company; and
2. General corporate purposes.
| Issue Open | Nov 2, 2017 - Nov 6, 2017 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7,240,759 Eq Shares of Rs 10 (aggregating up to Rs 543.06 Cr) |
| Fresh Issue | [.] Eq Shares of Rs 10 (aggregating up to Rs 50.00 Cr) |
| Offer for Sale | 6,574,093 Eq Shares of Rs 10 (aggregating up to Rs [.] Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 745 - Rs 750 Per Equity Share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Name of the company | Total Revenue (₹ in million) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | Return on Net Worth (%) | Net Asset Value/Share (₹) |
|---|---|---|---|---|---|---|
| Bata India Limited | 25503.56 | 5.00 | 42.31 | 12.37 | 12.00 | 103.04 |
| Relaxo Footwears Limited | 17435.70 | 1.00 | 47.85 | 10.24 | 20.33 | 50.34 |
| Khadim India Limited | 6255.47 | 10.00 | - | 17.78 | 16.61 | 107.04 |
| Liberty Shoes Limited | 4978.63 | 10.00 | 47.35 | 3.75 | 3.94 | 95.20 |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 1,450,389 | 1,086,785 | 2,535,832 | 5,073,006 | |||
Nov 6, 2017 19:30 | 2.45x | 0.18x | 2.34x | 1.90x | |||
909 3.9 Rating:  Vote Here ... |
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Link Intime India Private Ltd » Report
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: khadim.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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