Koutons Retail IPO : Koutons Retail India Ltd IPO opens on Sep 18

Indain Largest Retailer of Men’s apparels Koutons Retail India Ltd, is coming out with an IPO of 35,244,390 Equity Shares of Rs. 10 each through the book building route. Out of which 5,00,000 equity shares have been reserved for the employees. So the Net issue to the public is 34,744,390.

Out of the total shares for offer to the public, Qualified Institutional Buyers (QIB) portion is fixed at 20,846,630 shares, Non-Institutional Portion of up to 3,474,440 Equity Shares and Retail Portion of up to 10,423,320 Equity Shares.

Koutons Retail India Limited will open for Subscription on 18 September 2007 and close for subscription on 21 September 2007. Post IPO, the shares of Koutons Retail India Limited will be listed on the stock exchange, Mumbai (BSE) and the National Stock Exchange (NSE).

Funds raised from the IPO are to be used for Setting up of exclusive brand outlets of the Company,Establishment of a new integrated manufacturing facility, Purchase of plant and machinery to increase the finishing and manufacturing capacity of the Company and Improvement of our information technology network.

Book running lead manager for Koutons Retail India Limited IPO is JM Morgan Stanley Private Limited and the registrar for Koutons Retail IPO is Intime Spectrum Registry Ltd.

For updates on the subscription ratio of Koutons Retail India Ltd IPO and to know the allotment status, refund details and listing date of Koutons Retail India Ltd. IPO, do check www.bsensedaily.com regularly.

Koutons Retail India Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Koutons Retail India Limited IPO Issue.