Footwear retailer Khadim India expects to raise Rs 543 crore through initial public offer next month, with the company fixing a price band of Rs 745-750 per share. Khadim India's initial public offer (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore besides, an offer for sale of up to 65,74,093 equity shares by the existing shareholders. The company's promoter Siddhartha Roy Burman would sell 7.22 lakh equity shares, while Fairwinds Trustees Services Pvt Ltd would offer 58,52,093 scrips. At the upper-end of the price band, the IPO is expected to garner Rs 543.06 crore. As on June 30, 2017, it has 853 retail store outlets in across 23 states and one union territory in India.

Source: dna October 26, 2017 08:48 UTC