Khadim India's IPO was subscribed 1.90 times during November 2-6. The price band for the offer was fixed at Rs 745-750 per share.
Footwear retailer Khadim India's initial public offer was subscribed 14 percent on the first day of bidding today.
This east India-based shoe retailer is not only riding on macro tailwinds but also on market exuberance, and has priced the issue of Rs 543 crore to perfection.
Way2Wealth has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
Mehta Equities has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
ICICI Direct has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
Brokerages largely recommend subscribing to the issue, while some have highlighted pricing in of future growth of the company.
The company has sold shares to institutional investors as part of its anchor book allocation
The IPO comprises of fresh issue of aggregating up to Rs 50 crore and an offer for sale of up to 65,74,093 equity shares.
Anand Rathi has come out with its report on The New India Assurance Company IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
Khadim India's initial public offer (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore besides, an offer for sale of up to 65,74,093 equity shares by the existing shareholders.
Footwear retailer Khadim India has received capital markets regulator Sebi's approval to raise an estimated Rs 550-650 crore through an initial public offering.
Khadim will use fresh issue proceeds towards repayment of term loans and working capital facilities and for general corporate purposes.