Khadim India Limited IPO (Khadim India IPO) Detail

Nov 2, 2017 - Nov 6, 2017

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
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)

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:
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.

Khadim India IPO Details

IPO Opening DateNov 2, 2017
IPO Closing DateNov 6, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹745 to ₹750 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size7,240,759 Eq Shares of ₹10
(aggregating up to ₹543.06 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹50.00 Cr)
Offer for Sale6,574,093 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Khadim India IPO Tentative Timetable

The Khadim India IPO open date is Nov 2, 2017, and the close date is Nov 6, 2017. The issue may list on Nov 14, 2017.

IPO Open DateNov 2, 2017
IPO Close DateNov 6, 2017
Basis of Allotment DateNov 10, 2017
Initiation of RefundsNov 13, 2017
Credit of Shares to Demat AccountNov 13, 2017
IPO Listing DateNov 14, 2017

Khadim India IPO Lot Size

The Khadim India IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹195,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹15,000
Maximum13260₹195,000
Peer Comparison
Name of the companyTotal Revenue (Rs in million)Face Value per Equity Share (Rs )P/EEPS (Basic) (Rs )Return on Net Worth (%)Net Asset Value/Share (Rs )
Bata India Limited25503.565.0042.3112.3712.00103.04
Relaxo Footwears Limited17435.701.0047.8510.2420.3350.34
Khadim India Limited6255.4710.00-17.7816.61107.04
Liberty Shoes Limited4978.6310.0047.353.753.9495.20

Khadim India IPO Subscription Status (Bidding Detail)

The Khadim India IPO is subscribed 1.90x times on Nov 6, 2017 19:30. The public issue subscribed 2.34x in the retail category, 2.45x in the QIB category, and 0.18x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

2.45x

NII

0.18x

RII

2.34x

Total

1.90x

Khadim India IPO Prospectus

Khadim India IPO Rating

909
3.9
Rating:Rated 3.9 stars

Vote Here ...

Khadim India IPO Listing Date

Listing DateTuesday, November 14, 2017
BSE Script Code540775
NSE SymbolKHADIM
Listing InB
ISININE834I01025
IPO Price₹750 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹750.00
₹727.00
₹677.30
₹740.00
₹688.50
530,639
NSE
₹750.00
₹730.00
₹680.00
₹739.65
₹688.85
2,894,448

Khadim India IPO Reviews / Ratings

  • Ajcon Global Services Ltd - Subscribe
  • Angel Broking - Neutral
  • Dilip Davda - Subscribe
  • ICICI Direct - Subscribe
  • Anand Rathi - Subscribe
  • SMC Global - Subscribe
  • Mehta Equities - Subscribe
  • SPA Financial Advisor Ltd - Subscribe
  • Way2Wealth Securities - Subscribe
  • KR Choksey Securities Ltd - Subscribe

Company Contact Information

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/

Khadim India IPO Registrar

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

Khadim India IPO FAQs

  1. What is Khadim India IPO?

    Khadim India IPO is a main-board IPO of 7,240,759 equity shares of the face value of ₹10 aggregating up to ₹543.06 Crores. The issue is priced at ₹745 to ₹750 per equity share. The minimum order quantity is 20 Shares.

    The IPO opens on Nov 2, 2017, and closes on Nov 6, 2017.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Khadim India IPO will open?

    The Khadim India IPO opens on Nov 2, 2017 and closes on Nov 6, 2017.

  3. What is the lot size of Khadim India IPO?

    Khadim India IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

  4. How to apply for Khadim India IPO?

    You can apply in Khadim India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Khadim India IPO allotment?

    The finalization of Basis of Allotment for Khadim India IPO will be done on Nov 10, 2017, and the allotted shares will be credited to your demat account by Nov 13, 2017. Check the Khadim India IPO allotment status.

  6. When is Khadim India IPO listing date?

    The Khadim India IPO listing date is on Tuesday, November 14, 2017.

Khadim India IPO Message Board

Ranked Members  Ranked Members

Loading...
411. pravin maheshwari |Dec 25, 2017 22:13
Sir Khadim ka shere ka rate kuch increase hoga ke nahi . mere pas 3 application hai khadim ki. pls tell us as fast.
410. DashPra |Dec 21, 2017 20:51
Stock is sliding everyday. Huge loss. Should I sell ?
409. Aniketiaf |Dec 9, 2017 11:38
IPO Guru IPO Guru (1300+ Posts, 8100+ Likes)
Khadim bhai !
Kab tak jhelaoge ?
408. MickeyP |Nov 19, 2017 16:20
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Seems there is no IPO lined up in the next few days. Finally IPO flood is settling down.
407. Black Mamba |Nov 15, 2017 15:20
Lol.. Bought 1000 shares at 667. Exited at 685. Raked in 10k in a single trade..Long Live Khadim!!! :) :) :)
407.2. Black Mamba |Nov 16, 2017 11:25
Total gain is around 13K. rest brokerage & taxes :(
407.3. Neha Mohit |Nov 16, 2017 14:27
ohkkk..... 13k in a day is also not bad... goodluck :) ...
406. rsk |Nov 16, 2017 08:52
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
From Bloomberg > Khadim India added to BSE IPO Index
405. ANKITDEVIL |Nov 16, 2017 00:01
I am lucky sell 7150 shares @ 3.25 average price
404. Carn Mohan |Nov 15, 2017 21:26
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Jam kay chal raha hi
403. PRIYANKA BANSAL |Nov 14, 2017 17:28
Anybody pls tell me should i sell the khadim shares in order to prevent from loss or i should wait ??? please give me the advice
403.6. rsk |Nov 15, 2017 17:57
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@ Priyanka > Peers like bata relaxo liberty are trading at x50 PE. Khadim is 2nd largest after Bata has FY18 EPS around 18 Rs. so its trading at less than x40.
Its just listed yesterday so price is combination of various factors (incl fear created by even senior boarder that it does not deserve x30 PE or price should be 580 etc) such has short term calls; day call.
Is one of the sponsors of KKR IPL team; strong brand in East and possible support from Didi?

You got to take call yourself
403.7. Nicks Jain |Nov 15, 2017 18:49
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
All the way it listed in discount, made low around 661 and closed around 700.
Advise to keep Stoploss around 680 and hold.
Seems it can touch 730-750 level
402. rsk |Nov 15, 2017 18:45
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
looking at the last 30 min recover with volumes; seems like some accumulation. At least could catch up with Bata tmr ~ 740-750?
Ignore all calls where ppl want to buy cheap by.
There was money to be made yst as well as today; lets hope for hat trick tmr!
401. Carn Mohan |Nov 15, 2017 18:09
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Ascha chal raha hi, 50% down ana banta hi
400. P M |Nov 15, 2017 17:46
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today makes new low ------------ NSE - 662.00 ---------------- BSE - 661.00
Closed @ --------------------------- NSE - 696.80 ---------------- BSE - 696.70
399. Neha Mohit |Nov 15, 2017 16:04
khadim closed @ 702 around...what say now
398. Anarchist |Nov 15, 2017 15:19
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
Major part of Khadim issue was OFS..with no sizable dilution..equity only worth 50 Cr was freshly issued out of which 40 Cr would be used to retire close to 1/3rd of their debt obligation which would be EPS accretive.....thats unlike RNAM who aspires to buy more offices and liabilities in the form of staff with the proceeds..:)))
Coming to the EPS ...it''s close to 18 and the PE works out to be 40ish. you don''t get to buy a niche segment consumer goods company for such paltry valuation, do you?..not unless it''s ITC (Of Bharat 22) which ought to remain rahgebound due to eternally lurking tax hike sword on account of being mostly in the business of deterioration of national health ...where destruction is the key to success
So considering the ROE of about 15, the valuation is more than justified ..
Moreover the management looks resolved (they haven''t talked about conquering the universe within minutes of receiving the ipo proceeds)...and have reasonable intent to grow the business step by step in accordance with the market conditions....I guess if held for a long term, this can give steady returns....43,/ 44 PE is darn cheap for a company who has a palpable consumer goods business with established brand name....
A good bet I believe.
397. lake city |Nov 15, 2017 11:21
i have khadim share its right that i sell khadim and buy reliance home finance please comment gamble sir
397.2. Market kid |Nov 15, 2017 12:23
Lake city this may be you best or worst decision of your life .

I yesterday brought both reliance home and reliance Nippon by selling khadim and now down 6% ,

I bought today also, will buy in more 3-4 days if go down.

Gamble positive for 1 year ,so decide your time of investment and then take decision only.
397.3. VALUE INVESTOR |Nov 15, 2017 14:10
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
rel home, rel comm are all bearish stocks. They will reach their face value soon.
Rel nippon looking at fall in last 2 days looks risky.
Market may pick up only in January 2018 as result season is over and gujarat elections are in december.
396. Am A |Nov 15, 2017 13:33
When even the eternal bull Rakesh Jhun. says that the IPO market is inflated, then there is surely something distorted in the IPO market.

IPOs are dead, long live IPOs!!!
395. Black Mamba |Nov 15, 2017 12:21
Should 665 be a good buy for Khadim''s?
394. Shrewd Trader |Nov 15, 2017 12:13
It was expected.
394.1. Shrewd Trader |Nov 15, 2017 12:19
Khadim means servant or attendant. but you shall never feel lke master in their outlets. :) But now who shall step in its shop when top MNC brands are available at attractive discounts online ? Besides as per my personal exp quality got deteriorated over years.
393. DSR |Nov 15, 2017 11:49
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Off topic:

Rain Industries: Only sellers no buyers..:P
392. Khemka |Nov 15, 2017 10:37
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
185.1. Khemka Nov 6, 2017 1:34:31 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes

What happens to Qibs , are they want reduction in prise or ,btw i avoiding ,imo fair prise 580 only

May test 580 too imo







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App