Koutons Retail India Limited IPO Subscribed 45.52 times

The Initial Public Offering (IPO) of Koutons Retail India Limited has received overwhelming response from investors with the issue receiving subscription of 45.52 times. The IPO opened for subscription on September 18, 2007 and closed on September 21, 2007.

The company came out with an IPO of 3524439 Equity Shares of Rs.10 each for cash at a price band of Rs.370/- to Rs.415/- through 100% book-building process.

The issue received bids for 160419660 shares against the offer of 3524439 shares. The issue received bids for 14802990 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion received subscription of 66.3762 times with bids for 138371910 shares against the offer of 2084663 shares.

The Non Institutional Investors portion of the issue received bids for 6545310 equity shares against the offer of 347444 equity shares resulting in a subscription of 18.8385 times.

The Retail Individual Investors (RIIs) portion received subscription of 14.8192 times with bids for 15446490 shares against the offer of 1042332 shares.

The Employee Reservation portion received bids for 55950 shares against the offer of 50000 shares resulting in a subscription of 1.1190 times.

Source : Equity Bulls

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