Koutons Retail To List On October 12

Apparel retailer Koutons Retail India will list on the bourses with public issue shares on Friday, October 12, 2007. The issue price has been fixed at Rs 415 a share, the upper end of the offered price band.

The 3.5 million-share offer, which comprised a fresh issue of 2.6 million shares and 916,542 shares sold by the founders, was subscribed 45.52 times. The shares were offered in a price band of Rs 370-415 per share.

Koutons raised Rs 1.46 billion through the offer and plans to use the money to build a new manufacturing unit and set up retail outlets.

JM Financial Consultants and Karvy Investor Services managed the issue.