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Koutons Retail to release IPO, soon!

08
Sep '07
Koutons Retail India Ltd is planning to issue its initial public offer (IPO) at Rs370-415 per shares range.

Company also plans to enter the capital market with a public issue of 35,24,439 equity shares of Rs10 each.

Koutons expects to raise Rs130 crore at the lower end of the price band and about Rs146 crore at the upper end.

This offer that opens on September 18 is scheduled to close on September 21.

DPS Kohli, Chairman, informed the press, "Koutons Retail proposes to utilize the net proceeds of the issue to fund its plans of setting up exclusive company brand outlets, establish a new integrated manufacturing facility and purchase plant and machinery to increase the finishing and manufacturing capacity."


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