KSR Footwear to List on NSE and BSE Tomorrow After Demerger From Khadim India

Kolkata, November 26: The shares of KSR Footwear Limited will list on NSE and BSE tomorrow, on November 27. This comes after the company was recently demerged from Khadim India Limited’s distribution business. KSR Footwear Limited has announced that it has completed the demerger process and allotment of shares to eligible shareholders based on the approved scheme of arrangement.

KSR Footwear Limited Listing Details

KSR Footwear Limited (ISIN: INE1SPP01016), will list on NSE and BSE tomorrow. It will be listed in the BE series with a special pre-open session. The company has already determined the allocation of the shares based on the record date of June 7, 2025. A record date is the date before which investors must buy the shares of a company to be eligible to receive the shares of the demerged entity.

As per the demerger agreement, KSR Footwear allotted 1 equity share of KSR Footwear for every 1 equity share held in Khadim India Limited as on the record date. The company has applied for the listing of these newly issued shares on both the BSE Limited and National Stock Exchange of India Limited (NSE).

The demerger of KSR Footwear Limited from Khadim India Limited was approved by NCLT Kolkata Bench on March 27, 2025. With the demerger, Khadim India has also revised its authorised share capital from ₹60 crore to ₹40 crore.

Khadim India Shares Rise 4.23% at ₹213.92

As of 11:45 AM, Khadim India share price was up by 4.23%, or 8.69 points, and was trading at ₹213.92. Until now, the shares have traded within a range of ₹213.92 and ₹205.23. The traded volume stood at 26.93 thousand shares, with the company’s market cap at ₹377 crore.

What Does This Mean for Investors?

The shares of KSR Footwear Limited will list on NSE and BSE tomorrow, after the entity demerged from Khadim India Limited. The demerger will help in simplifying the operational structure of Khadim India. Investors who held the shares of Khadim India as of June 7, 2025 record date, will receive the same number of KSR Footwear shares in their demat accounts. For now, the shares of Khadim India are witnessing strong investor demand, leading to a share price rise. It remains to be seen if the shares of KSR Footwear Limited can garner strong investor demand tomorrow.

REF:https://nsearchives.nseindia.com/corporate/KHADIM_03062025192120_KILAlterationofAuthorisedShareCapital.pdf

https://nsearchives.nseindia.com/corporate/KHADIM_28052025164618_RDIntimationKIL.pdf

https://nsearchives.nseindia.com/corporate/KHADIM_28052025164056_RDIntimationKIL.pdf

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