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Thursday, 2 November 2017

Khadim India Public Offer sees 7% subscription on first day


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Khadim India Limited is Kolkata based largest footwear company in India. It has a strong presence in eastern India and has placed itself as an affordable brand. The company has 853 branded exclusive retail units in 23 states and one Union territory.

Khadim’s Initial Public Offering (IPO) has been subscribed 7% on the first day of share sale on Thursday. The Offer will close on Nov 6.

After lunch hours of trading time, the IPO received bids for 3,42,780 shares against the total issue size of 50,73,006 shares, as per NSE data. With a price band of Rs. 745 to 750 per share, Khadim India is aiming to garner Rs. 543 crore through the share sale. 
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