Shares of Khadim India were trading at Rs 696.95 at 14:47 IST on BSE, a discount of 7.07% from the issue price of Rs 750 on its debut on the bourses today, 14 November 2017.
Meanwhile, the S&P BSE Sensex was down 40.69 points or 0.12% at 32,992.87.
Shares of Khadim India listed on 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 695.30 so far during the day. So far, 4.45 lakh shares were traded on the counter on the BSE.
Khadim India's initial public offering (IPO) received bids for 96.59 lakh shares, compared with 50.73 lakh shares on offer, data on NSE showed. The IPO was subscribed 1.90 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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