By
Reuters
Reuters
Published
Nov 6, 2017
Nov 6, 2017
Indian shoe retailer Khadim's $84 mln IPO subscribed 1.9 times
By
Reuters
Reuters
Published
Nov 6, 2017
Nov 6, 2017
Footwear retailer Khadim India Ltd’s initial public offering of shares to raise up to 5.43 billion rupees ($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 1345 GMT.
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.
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