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

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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