IPO: Khadim India Limited
Company & Business Profile
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 has 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 has two owned manufacturing facilities and two outsourced manufacturing facilities.
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 receive 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.
Listing:
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.