Khadim India’s IPO open from Nov 2- 6

India Infoline News Service | Mumbai | October 27, 2017 09:54 IST

The IPO consists of a Fresh Issue of up to 50 crore equity shares by the Company and an offer for sale consisting of up to 65 lakh equity shares.

The IPO consists of a Fresh Issue of up to 50 crore equity shares of the Company and an offer for sale consisting of up to 65 lakh equity shares.

The offer for sale consists of up to 7 lakh equity shares by Siddhartha Roy Burman (the “Promoter Selling Shareholder”) and 58 lakh equity shares by Fairwinds Trustees Services Private Limited, acting in its capacity as the trustee to Reliance Alternative Investments Fund – Private Equity Scheme (the “Investor Selling Shareholder”).

Khadim India proposes to utilize the net proceeds of the Fresh Issue towards (i) prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed by the Company; and (ii) for general corporate purposes.

The Company will not receive any proceeds from the Offer for Sale. The minimum Bid lot is 20 Equity Shares and in multiples of 20 Equity Shares thereafter.

The company will be launching its initial public offering November 2, 2017 and the offer will close on November 6, 2017. The Anchor Investor Bid/Offer Period is on November 1, 2017.
 

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