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Business EconomyPosted at: Oct 26 2017 3:02PM


Khadim India Limited’s IPO opens for subsription on Nov 02, 2017

Mumbai, Oct 26 (UNI) IPO of Khadim India Limited , one of the leading footwear brands in India will open for subscription on November 02, 2017 and The issue will close on November 06, 2017.
Company has fixed a price band of Rs. 745 to Rs 750 per Equity Share of face value of Rs 10 each of the Company.
The Floor Price is 74.50 times of the face value and the Cap Price is 75.00 times of the face value.
The Anchor Investor Bid/Offer Period shall be November 01, 2017, being one working day prior to the Bid/Offer Opening Date. The IPO comprises of fresh issue of aggregating up to Rs 500 million and an offer for sale of up to 6,574,093 Equity Shares, comprising an offer for sale of up to 722,000 equity shares by
Siddhartha Roy Burman and 5,852,093 equity shares by Fairwinds Trustees Services Private Limited, acting in its capacity as the trustee to Reliance Alternative Investments Fund- Private Equity Scheme-I.
The Company proposes to utilize the net proceeds of the Fresh Issue towards (i) prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company;
and (ii) for general corporate purposes. The Company will not receive any proceeds from the Offer for Sale.
All potential Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through an Application Supported by Blocked Amount (ASBA) process by providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (SCSBs). Anchor Investors are not
permitted to participate in the Anchor Investor Portion through the ASBA Process.
Axis Capital Limited and IDFC Bank Limited are the Book Running Lead Managers (BRLMs) to the Offer. The Registrar to the offer is Link Intime India Private Limited.
The Equity Shares of Khadim India Limited is proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.
UNI JS AW1445
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Tags: #Khadim India Limited’s IPO opens for subsription on Nov 02# 2017
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