Monday, September 17, 2007

Ipo Update ... 17/09/07


Khadim India files for IPO

Footwear retail firm Khadim India filed a draft red herring prospectus with Sebi this week.

The Kolkata-based company promoted by SP Roy Burman is best known for its footwear retail chain brand Khadims, the largest footwear brand in Eastern India, and one of the top three footwear retailers in India. Khadims currently has over 260 footwear retail outlets across 22 states in India.


The group also runs multi-brand, large-format retail outlets under the brand name 'Khadim Egaro' . Currently, there are three such stores in Kolkata, and the promoters are looking at expanding operations in and around Kolkata and nationally. Khadims is also into retail of gold and gold jewellery through its 'Sona Khazana' shops.

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Cords Cable eyes over Rs 60 crore from 35 lakh-share IPO

Cords Cable Industries plans to raise over Rs 60 crore through its proposed initial public offering of 35 lakh shares of Rs 10 each. The company has filed papers with the Securities and Exchange Board of India for a 100 per cent book building issue.

The net issue to the public would be 30 per cent of the fully diluted post issue capital.


The company manufactures cables for electrical connectivity up to 1.1 KV, which finds use in industries such as power, steel, cement, fertilisers and chemicals, and refineries. Its clients include BHEL, NTPC, Hindalco Industries, ACC, HPCL, GAIL, Tata Steel, Siemens, Honeywell, L&T, MRPL.

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