Koutons Retail India Limited IPO

Koutons Retail India Limited IPO at a Glance-

Koutons Retail India Limited IPO was launched on 18th September 2007 and closed on 21st September 2007. The price range was fixed between `370 and `415. Koutons Retail India Limited decided to raise a sum of Rs 130.40-146.26 crores from the IPO in order to introduce exclusive brand outlets of the company in the market, set up an integrated manufacturing unit and purchase plant and machinery with the aim to enhance the finishing and manufacturing capacity. The public offerings of Koutons Retail India Limited comprised of 11.54 % of the total Equity shares of the company and the net public offerings constituted around 11.37 percent of the company's post issue capital.

It was decided at the time of the IPO launch, that Koutons Retail India Limited shares would be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (BSE). Koutons Retail India Limited IPO has issued 26.07 lacs fresh Equity shares and 9.16 lacs Equity shares have been offered for sale from the current shareholders. The running lead manager of Koutons Retail India Limited IPO is JM Financial Consultants Private Ltd and the co-book running lead manager of the IPO is Karvy Investor Services. The proceeds from the IPO will be used for the expansion of Koutons retail.

A Short Note on Koutons Retail India Limited-

Koutons Retail India Limited was set up on 25th November, 1994 as Charlie Creations. Later on 7th February 2006, it was renamed as Koutons Retail India. The company largely deals with designing, manufacturing and retailing apparel under the Koutons and Charlie Outlaw brands.

The total income of Koutons Retail India Limited has been estimated to be around `403.62 crores for the year 2007 as against `158.38 crores in 2006. The net profit of the company stood at Rs 34.49 crores in the year 2007.

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