Koutons Retail Listing : Expect 20% plus upside on IPO price

Koutons Retail IPO which is all set to list on the bourses on Friday, October 12, 2007 is expected to list around Rs 525-550 levels. As we all know Koutons Retail IPO issue price has been fixed at Rs 415 per share.

With the Bull run in the markets intact and every IPO which hits the markets being a run away success, Analysts are expecting Koutons Retail to list above Rs 500 mark with an potential upside of more than 20%.

Most of the Analysts are in a veiw that profit booking is advised if the stock reaches Rs 550 levels and where as long term investors can definitely hold this stock looking at the growth potential of the organised retail sector.