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October 2, 2007

Koutons Retail India – Allotment Price

Koutons Retail India has fixed its initial public offer price 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.

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