Khadim India Limited IPO
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.
Objects of the Khadim India Limited IPO:
Khadim India Limited IPO
are: 1. Prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company 2. General corporate purposes.Khadim India Limited IPO Details:
Open Date: | Nov 02 2017 |
Close Date: | Nov 06 2017 |
Total Shares: | 7,240,759 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Built Issue IPO |
Issue Size: | 543.06 Cr. |
Lot Size: | 20 Shares |
Issue Price: | ₹ 745-750 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Nov 14 2017 |
Promoters And Management:
Financials of Khadim India Limited IPO:
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) |
Recommendation on Khadim India Limited IPO:
Khadim India Limited IPO
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