Khadim India to try luck with 55 lakh-share float
Khadim India Ltd plans to tap the capital markets with a 55 lakh-share initial public offering. Price band of the Rs 10 share will be set in the 100 per cent book build issue.
By INDIATIMES NEWS NETWORK |
MUMBAI: Khadim India Ltd plans to tap the capital markets with a 55 lakh-share initial public offering. Price band of the Rs 10 share will be set in the 100 per cent book build issue.
The net public issue of 53,00,000 equity shares will constitute 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.
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.
The net public issue of 53,00,000 equity shares will constitute 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.
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.
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