hadim India IPO launch on November 2

PANJIM: Khadim India Limited (Company), one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear, will launch its initial public offering (IPO or the offer) which is scheduled to open on November 2, and close on November 6,

PANJIM: Khadim India Limited (Company), one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear, will launch its initial public offering (IPO or the offer) which is scheduled to open on November 2, and close on November 6, with a price band of Rs 745 to Rs 750 per equity share of face value of Rs. 10 each of the company (equity shares). The anchor investor bid/offer period will be November 1. The company proposes to utilize the net proceeds of the fresh issue towards prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company; and for general corporate purposes. The company will not receive any proceeds from the offer for sale. 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 is proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

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