Khadim India Limited IPO Message Board (Page 17)

RICH VALUATION ..... RISK

Anil Singhvi from CNBC Just twitted
#khadim #IPO is expensive
Just interviewed management Not impressed much
AVOID for listing gains
#Bata is a better option

I also tracked Anil Singhvi opinion on past few IPO. He is 100% right.

Recently He Also Avoided PSP / Tejas / Apex etc etc

Apply with confidence...

DO NOT APPLY IN KHADIM IPO, SREE LEATHER IS MORE BETTER CMP 185/- FROM KHADIM

Mahindra Logistics / Khadim India - GMP :- 20/25

*KHADIM INDIA LIMITED*
1ST DAY SUBS.FIGURE AT 04:10 P.M.
QIB 0.00X
NII 0.01X
RII 0.25X
TOTAL 0.22X

Total No.of FORMS : 21499
*Apps Wise : 0.17X*

GMP last heard:

Khadim
19 - 21

Where do you get GMP prices from? Is there any website I can check frequently?

twitter is also a good source for GMP

Apply or Avoid???

Only 50cr. Ipo???

543 cr

Yes... only 50 crore will be use for company.. and other capital goes to promoter pocket...
Khadim''s chairman has 21 lacs plus shares and he comes with ipo to sell his 7.21 lacs for offer for sell and other 56 lacs for reliance etc...

As is the general trend ,this one is also very tightly priced. But a small premium is possible on listing, keeping in mind future growth (as it is a consumer goods company ). Anyhow there may not be a negative listing. Premium may not be more than 20-30 rupees a piece.Risk taking is part of investing/ speculation.
One can take a plunge based on risk appetite.

Introduction : Khadim India Limited (KIL), incorporated in 1981, is Kolkata based second largest footwear retailer in India. KIL operates through 2 business verticals, retail and distribution. It operates retail stores under the ''Khadim’s'' brand with major presence in East India. The retail business operates through its exclusive retail stores catering to middle and upper middle income consumers in large cities. As of FY17, it has over 829 ''Khadim’s'' branded exclusive retail stores. Out of this, 162 are company owned and operated stores (COO) and remaining 667 are franchisee operated stores categorized as exclusive branded outlets (EBO), branded outlets (BO) and franchisee run and managed outlets (FRM). Its retail business constitutes over 70% of its net revenue in 1QFY18 and 73.5% in FY17. In retail business, it presently promotes 9 home-grown sub-brands of ‘Khadim’s’ which are, ‘Pro’, ‘Lazard’, ‘Softouch’, ‘Cleo’, ‘British Walker’, ‘Turk’, ‘Sharon’, ‘Bonito’ and ‘Adrianna’, with varied product offerings and merchandise category. It procured 85% of its products from outsourced vendors with respect to the retail business in FY17. The distribution business operates through a wide network of distributors catering to lower and middle income consumers. It has a network of 357 distributors as of FY17. A large portion of products sold through distributors are manufactured by the KIL at its own manufacturing facilities and through contract manufacturing facilities. It has 2 owned manufacturing facilities and 2 outsourced manufacturing facilities. The products distributed are primarily ethylene-vinylacetate (EVA), Hawai, injected poly-vinyl chloride (Injected PVC), polyurethanes (PU), PVC – direct injection process (PVC DIP) and stuck on products, under the ‘Khadim’s’ brand.

View: KIL is the 2nd largest footwear retailer with strong brand recall in East India, with increasing presence in Southern and Western India. KIL has delivered strong Revenue / EBITDA / PAT growth of 10% / 11% / 36% in FY13-17. We like KIL mainly due to 1) Leadership positioning in East India and 2nd largest positioning in terms of retail outlets, 2) Strong brand recall and focus on expanding reach, 3) Strong ROEs / ROCEs of ~18%+. At upper price band, the issue is priced at PE of 43.8x FY17 post issue (and 42.2.x FY17 pre issue). We believe premium valuation in justified in context of positives mentioned above. It is available at discount as compared to peer valuation (Bata India Ltd at P/E of 59.8x, Relaxo Footwears Ltd at 50.6x and Liberty Shoes Ltd. at 68x). Hence we recommend SUBSCRIBE for long term investment.

It is very hard to judge IPO these day''s with so many mixed valuations and also subscription number jumping at the very last moment.

Contrabet - Sreeleathers!

what do you mean?

Good to buy Khadim? it''s over priced but still can buy or not?

which one is better... Mahindra or Khadims...? to apply..

SPT sirs verdict on Khadims : A good fit! Consumer brand posting profitable growth with deepening distribution reach, strong balance sheet position and healthy pricing get a thumbs-up, making the IPO subscribe.

*KHADIM INDIA LIMITED*
1ST DAY SUBS.FIGURE AT 10:07 A.M.
QIB 0.00X
NII 0.00X
RII 0.00X
EMP 0.00X
TOTAL 0.00X

Total No.of FORMS : 155
*Apps Wise : 0.00X*

Gmp 105 -110 rs

Guys, Can you mind your language please.
It''s free information. Take it or leave it. Trying to offend others is cheap.

Guys, the are IPO mentor. If you can''t respect them or their free advice then please at least don''t use abusive language.

They are here for us, any advising to us. Thank you @manjitsingh for continuously contributing on this forum.

should i go for Khadim or Mahendra logistic?
which one ipo i should fill? pls ans

Apply in Mahindra as today is the last day. For Khadim you have time to decide.

@experts,

Any suggestions on this IPO? Avoid or Subscribe?