Koutons Retail India Limited IPO open for subscription

The Initial Public Offering (IPO) of Koutons Retail India Limited opened for subscription by investors on September 18, 2007. The Company is coming out with an IPO of 3524439 Equity Shares of Rs.10 each for cash at a price band of Rs.370/- to Rs.415/- per share through 100% book building process.

The Issue comprises fresh issue of 2607897 equity shares and an offer for sale of 916542 equity shares by existing shareholders. 50000 shares are reserved for subscription by eligible employees.

The Issue constitutes 11.54% of the post-issue paid-up capital of the company. Net Issue to the public constitutes 11.37% of post-issue paid-up capital.

The Book Running Lead Manager to the issue is JM Morgan Stanley Pvt Ltd. The Registrar to the issue is Karvy Computershare Pvt Ltd.

The company''s shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The IPO opens for subscription on September 18, 2007 and closes for subscription on September 21, 2007.

Click Here to View Koutons Retail India Limited Website.

Click Here to view Koutons Retail India Limited Prospectus.

Source : Equity Bulls

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