Footwear retailer Khadim India to debut on bourses today

NEW DELHI: Footwear retailer Khadim India will list on the bourses on Tuesday following the conclusion of its Rs 543 crore initial public offer last week. Khadim India's IPO was subscribed 1.90 times during November 2-6. The price band for the offer was fixed at Rs 745-750 per share. The IPO comprised fresh issue of equity shares totalling up to Rs 50 crore, besides an offer for sale of up to 65,74,093 shares by existing shareholders. The net proceeds from the issue are to be utilised towards payment of loans and general corporate purposes.