Khadim India

Khadim India Ltd, the country's second-largest retail footwear brand, on Friday said its Whole-time Director Rittick Roy Burman will manage the overall operations of the company. The board of Khadim India has approved the revised leadership structure, said a statement from the company. Rittick is a member of the promoter group and key managerial personnel of the company. He will be reporting to Siddhartha Roy Burman, Chairman & Managing Director of the Company, it added. The changes are effective from March 24, 2023. Commenting on the development Siddhartha Roy Burman said: "Rittick has been associated in a leadership role of the organisation from 2019 as a Whole-time Director. We firmly believe that he is the right choice to create sustainable business and value for all stakeholders". Rittick, an alumnus of the University of California, Berkeley, had joined the business at an early age, just after completing his graduation. The change in leadership is announced following the ...

Khadim India Ltd., the second largest retail footwear brand, today announced a positive quarterly performance for the quarter ended 30th June 2022.

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).

In Q4FY21, EBITDA & PAT turned positive at Rs 14.09 crore & Rs 11.52 crore respectively, compared to losses in the corresponding quarter.

ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'

Is it a good time to buy footwear-related stocks as the economy opens up more and people prepare to head back to offices? Here's how they look on the technical charts

On September 10, Khadim informed the BSE that it had incorporated a wholly-owned subsidiary in Bangladesh in the name of "Khadim Shoe Bangladesh Limited"

Shares of footwear company Khadim India dropped nearly 10 per cent during their stock market debut on Tuesday. The stock ended at Rs 680.5, down 9.3 per cent, or Rs 69.5 over its issue price of Rs 750 per share. A day earlier, shares of New India Assurance too had declined nine per cent during their trading debut. Market players say back to back weak listings could hurt investor sentiment towards primary issuances. In intra-day trade, shares of Khadim touched an intra-day high of Rs 740 and a low of Rs 677.3, with a total of Rs 244 crore worth of shares changing hands on BSE and the NSE.Khadim's Rs 540-crore IPO had garnered less than two times subscription. The retail portion of the IPO was subscribed 2.3 times, while institutional investor category was subscribed 2.5 times. Shares reserved for high net-worth individual (HNI) had remained unsubscribed. Khadim's IPO comprised of offer for sale by promoters and private equity players worth Rs 493 crore and fresh fund raising worth Rs ..

Khadim India listed at Rs 727, a 3% lower against its issue price of Rs 750 per share on the BSE. The stock opened at Rs 730 on the NSE.

The net proceeds from the issue are to be utilised towards payment of loans and general corporate purposes