Koutons prices IPO at Rs415

Koutons prices IPO at Rs415
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First Published: Tue, Sep 25 2007. 01 45 AM IST
Updated: Tue, Sep 25 2007. 01 45 AM IST
Mumbai: Apparel retailer Koutons Retail India Ltd has fixed its initial public offer issue price at Rs415 a share—the upper end of the offered price band, bankers to the issue said on Monday. 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 Rs370-415 each.
Koutons raised Rs146 crore and plans to finance an expansion programme.
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First Published: Tue, Sep 25 2007. 01 45 AM IST
More Topics: Koutons | IPO | Apparel Retailer | Money Matters | IPOs |