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Total Issue Size
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Fresh Issue (FI)
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Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment and repayment of borrowings
Prepayment or scheduled repayment of term loans and working capital facilities.
General corporate purposes
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Khadim India Limited, founded in 1981 and headquartered in Kolkata, West Bengal, is a leading Indian footwear retailer and manufacturer. Operating primarily under the brand name Khadim's, the company designs, manufactures, and markets a broad range of casual, formal, sports, and outdoor footwear, catering to value-conscious consumers across men's, women's, and children's categories. The company conducts its operations through two primary channels: retail stores and a distribution network. Its retail arm encompasses company-owned and franchisee outlets spread across Eastern and Southern India. In addition, Khadim operates a wholesale distribution network that supplies independent footwear retailers, supported by manufacturing facilities and contract manufacturing partnerships across key industrial regions. In November 2017, Khadim India launched its Initial Public Offering to raise capital for debt reduction and general corporate needs. Through its multi-brand retail strategy, which includes sub-brands such as British Walkers, Lazard, Turk, Sharon, Cleo, and Wave, the company maintains a prominent market position in the organized affordable footwear segment in India.
Raised Rs 162.92 crore through the allocation of 2,172,227 equity shares to anchor investors at Rs 750 per share, including participation from Franklin India, UTI Mutual Fund, HSBC Global Investment Funds, IDFC Mutual Fund, Sundaram Mutual Fund, and Nomura.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 4:08 PM
Established Footwear Brand
Prominent market presence in organized affordable footwear with strong brand equity in Eastern and Southern India.
Asset-light Retail Expansion
Expands retail distribution via a balanced mix of company-owned outlets and an extensive franchisee network.
Diverse Product Portfolio
Offers footwear across multiple price points and sub-brands covering family, casual, and formal categories.
Geographic Concentration
Significant revenue contribution originates from Eastern India, exposing the business to regional market fluctuations.
Competition from Unorganized Sector
Faces intense competition from both unorganized footwear manufacturers and established national retail brands.
Inventory Management Challenges
Managing broad product SKUs across multiple retail outlets requires efficient working capital and supply chain oversight.
Khadim India Limited
7th Floor, Tower C, RDB Primarc TechPark, 08 Major Arterial Road, Block AF, New Town, Kolkata - 700156, West Bengal, India
View on Maps →MUFG Intime India Private Limited
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