Koutons Retail India will list on exchanges on Friday, 12 October 2007. It will be placed in the B1 group on BSE. The company had fixed its initial public offer issue price at Rs 415 per share, the upper end of the Rs 370-415 price band.
At the IPO price of Rs 415, the PE multiple works out to 36.72, based on the year ended March 2007 EPS of Rs 11.3.
Koutons Retail India ended on 21 September 2007 with 45.52 times subscription. It received total bids for 16.04 crore shares as against the IPO size of 35.24 lakh shares.
The qualified institutional buyers (QIBs) category was subscribed over 66 times. The non-institutional investors category was subscribed 19 times. The retail investors category was subscribed 15 times. The employees category was subscribed 1.11 times.
Koutons Retail proposes to utilise the proceeds to set up exclusive brand outlets, establish a integrated manufacturing facility, purchase plant and machinery to increase the finishing and manufacturing capacity and improve its information and technology network.
It proposes to open 140 exclusive brand outlets for its brands Koutons and Charlie Outlaw in the next two years. It has been allotted approximately 13,000 square feet of land on a freehold basis by Haryana Urban Development Authority at Gurgaon.
Koutons Retail reported a net profit of Rs 34.49 lakh on sales of Rs 402.40 crore in the year ended March 2007.|