Koutons sets IPO price band at 370-415

Koutons sets IPO price band at 370-415

Mumbai: Apparel maker Koutons Retail India Ltd said it had priced its initial public offer in the band of Rs370-415 a share.

The offer opens on September 18 amd closes on September 21, the company said in a statement.

The offer will constitute 11.54% of the post-issue capital.

Koutons plans to use the money to open retail outlets and set up a manufacturing unit.

JM Financial Consultants is the lead manager to the offer.

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