Category: Industry News

Footwear-maker Khadim India gets go-ahead from Sebi to float IPO

Footwear-maker Khadim India gets go-ahead from Sebi to float IPO

New Delhi: Footwear retailer Khadim India has received capital markets regulator Sebi’s approval to raise an estimated Rs 550-650 crore through an initial public offering. The company had approached Securities and Exchange Board of India (Sebi) with its draft red herring prospectus in July and received its ‘observations’ on September 13, which is necessary for any …

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Is your foot in the right shoe? 4 footwear cos which gave stellar returns in 10 yrs

Is your foot in the right shoe? 4 footwear cos which gave stellar returns in 10 yrs

Relaxo Footwear gave a share price return of over 7400% over the last 10 years. Check out the performance of the other three listed footwear companies. Moneycontrol News Footwear companies have consistently outperformed the benchmark index S&P BSE Sensex for some time now. Naturally, for investors who reposed faith in these companies, phenomenal returns have …

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Indian Footwear stocks DOWN on low sales hope

Indian Footwear stocks DOWN on low sales hope

Footwear stocks rallied Monday on expectation that their valuations would get re-rated after the forthcoming IPO of Khadim India. The Kolkata-based Khadim plans to raise about Rs 600 crore in October. Liberty Shoes BSE 11.42 % gained 20 per cent, Mirza International BSE -0.11 % 8 per cent, and Relaxo BSE 0.15 % Footwear and …

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How India’s leather tanners pay the price of Hindu Nationalism

How India’s leather tanners pay the price of Hindu Nationalism

DELHI: With sadness in his eyes, a forlorn Hafiz-ur-Rahman surveys what used to be his thriving leather tannery. The business that used to employ up to 30 people is deserted, the remnants of old stock lie scattered around, four huge rolling drums for cleaning cow hides sit motionless. “Not long ago this whole compound used …

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CLRI to soon begin making footwear to meet special people needs

CLRI to soon begin making footwear to meet special people needs

CHENNAI: Central Leather Research Institute (CLRI), one of the world’s leading research bodies for leather sector, will venture into commercial production of customized footwear. This would be for the first time a government-funded Council of Scientific and Industrial Research (CSIR) laboratory will be breaking away from ‘only’ research to cater to needs of people in …

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Footwear India Expo’17 – Best Trade Fair For Business!

Footwear India Expo’17 – Best Trade Fair For Business!

The three day Mega Event, Footwear India Expo 2017 (6th edition of Footwear India Expo) concluded on 20th August 2017 creating an all time record in terms participation of Exhibitors, footfall of business visitors & the anticipated business. The fair was organized in 3000 Sq. M Area & participated by 90+ Brands in 150 Stalls …

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Liberty Shoes May Hike Prices By Upto 10% To Offset GST

Liberty Shoes May Hike Prices By Upto 10% To Offset GST

New Delhi: Footwear firm Liberty Shoes is looking at raising prices of majority of its products by up to 10 per cent from September to offset higher tax to be levied on footwears costing above Rs. 500 under the GST regime. “For Liberty, there is a potential price increase of 5-10 per cent, particularly for …

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