Khadim India Limited Raises Rs. 157.5 cr from Anchor Investors

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  • Shares were allocated to 13 anchor investors at Rs 750 apiece, the upper end of the Rs 745 – 750 price band set for the IPO of Khadim India Limited

Khadim India Limited, one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear, has raised approximately Rs. 157.5 crore by selling shares to institutional investors as part of its anchor book allocation, a day ahead of its initial public offering (IPO) which opens on November 02, 2017 and closes on November 06, 2017 with a price band of Rs. 745 to Rs 750 per equity share.

Khadim India Limited
all

ots 2,172,227 equity shares at Rs. 750 per share (including share premium of Rs. 740 per share) aggregating to Rs. 157.5 crore (approximately) to 13 Anchor Investors.The anchor investors include leading international & domestic investors name

  • Franklin India
  • UTI Mutual Fund
  • HSBC Global Investment Fund
  • Nomura Singapore Limited
  • Sundaram Mutual Fund
  • Aurigin Master Fund
  • Principal Mutual Fund
  • Forefront Alternative Investment Trust
  • Birla Sunlife Insurance
  • IDFC Mutual Fund
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.
Axis Capital Limited and IDFC Bank Limited are the Book Running Lead Managers to the Offer.

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