Footwear retailer Khadim India's initial public offering (IPO) was subscribed 1.9 times on the closing day of bidding on Monday.
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.45 times, non-institutional investors 18 per cent and retail investors 2.3 times, merchant banking
The price band has been fixed at Rs 745-750 per share and at the upper end, the public issue would fetch up to Rs 543 crore.
Net proceeds from the issue will be utilised towards payment of loans and general corporate purposes.
Incorporated in 1981, the company entered into retail business in 1993. At the end of June this year, it had 853 retail store outlets in different parts of the country.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)