Shares of Khadim India were settled at Rs 688.50 on BSE, a discount of 8.2% compared with the issue price of Rs 750 on its debut on the bourses today, 14 November 2017.
Meanwhile, the S&P BSE Sensex dropped 91.69 points or 0.28% to settle at 32,941.87.
Shares of Khadim India were listed on the BSE at Rs 727, a discount of 3.07% from the issue price of Rs 750. The stock had hit a high of Rs 740 and low of Rs 677.30 in intraday trade. On the BSE, 5.31 lakh shares were traded on the counter.
Khadim India's initial public offering (IPO) had received bids for 96.59 lakh shares, compared with 50.73 lakh shares on offer, data on NSE showed. The IPO was subscribed 1.9 times. The price band for the IPO was Rs 745 to Rs 750 per share. The IPO opened for bidding on 2 November 2017 and closed on 6 November 2017.
Category wise, the qualified institutional buyers (QIBs) category was subscribed 2.44 times. The non institutional investors (NIIs) category was subscribed 0.18 times. The retail individual investors (RIIs) category was subscribed 2.33 times.
Khadim India reported net profit of Rs 7.11 crore on net sales of Rs 178.43 crore in Q1 June 2017.
Khadim India was promoted by Siddhartha Roy Burman and Knightsville in 1981 as a wholesaler and distributor of branded basic utility footwear. The retail foray came in 1993.
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