Footwear retailer Khadim India's initial public offer was oversubscribed 1.84 times so far on the last day of bidding today.
The IPO, which aims to raise Rs 543 crore, received bids for 93,51,860 shares against the total issue size of 50,73,006 shares, data available with the NSE till 1645 hrs showed.
Khadim India on Wednesday raised Rs 163 crore from anchor investors.
The IPO comprises fresh issue of equity shares aggregating up to Rs 50 crore besides, an offer for sale of up to 65,74,093 shares by existing shareholders.
The price band has been fixed at Rs 745-750 per share and at the upper end, the public issue would fetch up to Rs 543 crore.
Net proceeds from the issue will be utilised towards payment of loans and general corporate purposes.
Axis Capital and IDFC Bank are the book running lead managers to the issue.
Incorporated in 1981, the company entered into retail business in 1993. At the end of June this year, it had 853 retail store outlets in different parts of the country.
Disclaimer: No Business Standard Journalist was involved in creation of this content
