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Koutons issue subscribed 45 times

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Turnover growth by 100 per cent, Limca Book record for 100 outlets in a day and now 45.21 over subscription of its IPO, Koutons over does what ever it does.

The IPO of Koutons Retail India Ltd, an integrated apparel and retail company, was subscribed 45.21 times on its last day.The company has received total bids for 159 million equity shares.

The company intends to set up a new manufacturing facility in Gurgaon, Haryana. It has been allotted around 13,000 square meters of land on a freehold basis by Haryana Urban Development Authority (HUDA).
It plans to consolidate some of its existing manufacturing facilities and also proposes to establish an integrated manufacturing facility on this land. The Company’s restated total income and profit after tax were Rs 4036.17 million and Rs 344.87 million respectively as of and for the year ended March 31, 2007 compared to Rs 1583.85 million and Rs 131.98 million respectively as of and for the year ended March 31, 2006.

Koutons Retail India Limited is in the business of designing, manufacturing and retailing apparel under the “Koutons” and “Charlie Outlaw” brands through a network of 999 exclusive brand outlets across India. As of August 20, 2007 Koutons Retail India Limited had 18 in-house manufacturing/finishing units and 14 warehouses which are spread across various locations in and around Gurgaon, Haryana.

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