Khadim news and archive

Khadim raises Rs 163 cr from anchor investors

Footwear retailer Khadim India has raised Rs 163 crore from anchor investors. According to a regulatory filing Franklin India, UTI Mutual Fund, HSBC Global Investment Fund and IDFC Mutual Fund are among the anchor investors. The company's IPO committee has finalised allocation of 2,172,227 shares to more than 10 anchor investors at a price of Rs...

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Business

Khadim India to float IPO

Footwear retailer Khadim India has received capital markets regulator Sebi's approval to raise an estimated Rs 550-650 crores through an initial public offering. The company had approached Securities and Exchange Board of India (Sebi) with its draft red herring prospectus in July and received its 'observations', which is necessary for any...

Apparel

Khadim’s to achieve Rs 1,000 cr revenue target by 2017

After raising Rs 90 crores funds from Reliance Private Equity last year, Kolkata-based footwear chain Khadim’s run by Siddhartha Roy Burman, plans to expand its retail network across India. Today, it enjoys a presence in 21 states with 650 outlets including 70 in Kolkata, and a turnover of Rs 425 crores registered in FY2013. The brand is popular...

Apparel

Khadim raises funds from Reliance Equity

As speculated earlier, Kolkata-based footwear manufacturer and retailer Khadim India has raised Rs 90 crores from private equity (PE) firm Reliance Equity Advisors. The company plans to utilise these funds to finance its expansion plans apart from getting rid of the existing debt. Khadim is looking at expanding its footprint beyond the Eastern...