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Khadim India IPO: Subscribe the IPO for long term - IndiaNotes.com
Khadim India IPO: Subscribe the IPO for long term
Rudra Shares and Stock Brokers | Published: 06 Nov, 2017  | Source : IndiaNotes.com

Khadim India Ltd is one of the leading footwear brands in India with presence of more than 3 decades in the footwear business. Khadim is 2nd largest Footwear Retailer (after Bata) in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India. Moreover, with GST implementation, organized footwear segment is expected to grow better than the current growth. Asset light model, reduction in current Debt, a good set of numbers and large distribution network of the company would further enhance growth and improved margins. On the upper price band of Rs 750 with EPS of Rs 18 for FY17, P/E works out at 41.6x. we recommend to SUBSCRIBE the IPO for long term perspective.

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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.

 

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