Khadim's Rs 543 Crore IPO Subscribed 1.9 Times

After Khadim's IPO, companies in India have so far raised more than $9 billion from IPOs so far in 2017, making it a record year for such sales.

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Khadim's Rs 543 Crore IPO Subscribed 1.9 Times

Khadim's investors bid for about 9.7 million shares

Mumbai: Footwear retailer Khadim India Ltd's initial public offering (IPO) of shares to raise up to Rs 543 crore ($84 million) was subscribed 1.9 times by the last day of the sale on Monday, stock exchange data showed.

Investors bid for about 9.7 million shares, compared with about 5 million shares on offer, according to data as of 7.15 pm.

Companies in India have raised more than $9 billion from IPOs so far in 2017, making it a record year for such sales.

Axis Capital and IDFC Bank were the bookrunners for the Khadim IPO.

© Thomson Reuters 2017


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