khadims1

Business description from prospectus – Khadim India is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. The company is the second largest footwear retailer in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three players in South India, in fiscal 2016. It also had the largest footwear retail franchisee network in India in fiscal 2016.

As at March 31, 2017, the company operated 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India, through its retail business vertical. The retail business operates through exclusive retail stores catering to middle and upper middle income consumers in metros (including mini-metros) and Tier I – Tier III cities, who primarily shop in high street stores and malls, for fashionable products. Further, it had a network of 357 distributors in fiscal 2017, in the distribution business vertical. The distribution business operates through a wide network of distributors catering to lower and middle income consumers in metros and Tier I – Tier III cities, who primarily shop in multi-brand-outlets (MBO) for functional products. The company is also engaged in the business of institutional sales and export of footwear.

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.

Company Promoters:

The promoters os the Company are:

  1. Siddhartha Roy Burman; and
  2. Knightsville Private Limited.

Knightsville Private Limited is the holding company of Khadim India Limited and is currently not engaged in any other business. Siddhartha Roy Burman and Tanusree Roy Burman are the directors of Knightsville Private Limited.

Company Financials:

khadims2

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 recieve 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.

Issue Detail:

»»  Issue OpenNov 2, 2017 – Nov 6, 2017

»»  Issue Type: Book Built Issue IPO

»»  Issue Size:

›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 50.00 Cr

›  Offer for Sale of 6,574,093 Equity Shares of Rs 10 aggregating up to Rs [.] Cr

»»  Face Value: Rs 10 Per Equity Share

»»  Issue Price: Rs 745 – Rs 750 Per Equity Share

»»  Market Lot: 20 Shares

»»  Minimum Order Quantity: 20 Shares

»»  Listing At: BSE, NSE

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