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Khadim India Limited’s IPO opens on Thursday, November 02, 2017 and closes on Monday, November 06, 2017, with Price Band of Rs. 745 to Rs 750 per Equity Share of face value of Rs. 10/- each

FROM LEFT : Mr. INDRAJIT CHAUDHURY - General Manager Commercial and Strategic Planning KHADIM INDIA LIMITED, Ms. ISHANI RAY - Chief Financial Officer KHADIM INDIA LIMITED, Mr. SIDDHARTHA ROY BURMAN - Chairman and Managing Director KHADIM INDIA LIMITED, Mr. NITIN IDNANI - AXIS CAPITAL LTD., Mr. AMIT RAMCHANDANI - IDFC BANK LTD. - Photo By Sachin Murdeshwar GPN NETWORKFROM LEFT : INDRAJIT CHAUDHURY – General Manager Commercial and Strategic Planning KHADIM INDIA LIMITED, Ms. ISHANI RAY – Chief Financial Officer KHADIM INDIA LIMITED, SIDDHARTHA ROY BURMAN – Chairman and Managing Director KHADIM INDIA LIMITED, NITIN IDNANI – AXIS CAPITAL LTD., AMIT RAMCHANDANI – IDFC BANK LTD. – Photo By Sumant Gajinkar

(L to R): Ms. Ishani ray, Chief Financial Officer, Khadim India Limited and Mr. Siddhartha Roy Burman, Chairman and Managing Director, Khadim India Limited at the IPO Press Conference in Mumbai - Photo By Sachin Murdeshwar GPN NETWORK

(L to R): Ms. Ishani ray, Chief Financial Officer, Khadim India Limited and Siddhartha Roy Burman, Chairman and Managing Director, Khadim India Limited at the IPO Press Conference in Mumbai – Photo By Sumant Gajinkar

  • The IPO comprises of a Fresh Issue of up to Rs. 500 million by the Company and an offer for sale by the Selling Shareholders.
  • The Offer for Sale consists of up to 6,574,093 Equity Shares
  • The minimum Bid lot is 20 Equity Shares and in multiples of 20 Equity Shares thereafter
  • Bid/ Offer Opening Date – November 02, 2017 and Bid/ Offer Closing Date – November 06, 2017
  • The Floor Price is 74.50 times of the face value and the Cap Price is 75.00 times of the face value.

MUMBAI, (GNI): Khadim India Limited (“Company”), one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear, will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Thursday, November 02, 2017 and close on Monday, November 06, 2017, with a price band of Rs. 745 to  Rs. 750 per Equity Share of face value of Rs. 10/- each of the Company (the “Equity Shares”). The Anchor Investor Bid/Offer Period shall be November 01, 2017, being one working day prior to the Bid/Offer Opening Date.

The IPO comprises of fresh issue of aggregating up to Rs. 500 million (“Fresh Issue”) and an offer for sale of up to 6,574,093 Equity Shares, comprising an offer for sale of up to 722,000 equity shares by Siddhartha Roy Burman (the “Promoter Selling Shareholder”) and 5,852,093 equity shares by Fairwinds, announced by Siddhartha Roy Burman, Chairman and Managing Director, Khadim India Limited at the IPO Press Conference in Mumbai.

Tristees Services Private Limited acting in its capacity as the trustee to Reliance Alternative Investments Fund – Private Equity Scheme – I (the “Investor Selling Shareholder”).

The Company proposes to utilize the net proceeds of the Fresh Issue towards (i) prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company; and (ii) for general corporate purposes. The Company will not receive any proceeds from the Offer for Sale.

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), this is an Offer for at least 25% of the post-Offer paid-up Equity Share capital of the Company. The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”) wherein 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that the Company and the Investor Selling Shareholder in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors (the “Anchor Investor Portion”) on a discretionary basis, of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at or above the Offer Price.

All potential Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through an Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”). Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process.

Axis Capital Limited and IDFC Bank Limited are the Book Running Lead Managers (“BRLMs”) to the Offer. The Registrar to the offer is Link Intime India Private Limited.

The Equity Shares of Khadim India Limited is proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.Ends

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