Bookbuilding IPO | ₹146 Cr | Listed at BSE, NSE | Tue, Sep 18, 2007 - Fri, Sep 21, 2007
Koutons Retail IPO is a book build issue of ₹146.26 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to ₹108.23 crores and offer for sale of 0.09 crore shares aggregating to ₹38.04 crores.
Koutons Retail IPO bidding started from Sep 18, 2007 and ended on Sep 21, 2007. The shares got listed on BSE, NSE on Oct 12, 2007.
Koutons Retail IPO price band is set at ₹415 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,225 (15 shares) (based on upper price). The lot size investment for sNII is 33 lots (495 shares), amounting to ₹2,05,425, and for bNII, it is 161 lots (2,415 shares), amounting to ₹10,02,225.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
JP Morgan India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Koutons Retail IPO RHP for detailed Information.
IPO Open
Tue, Sep 18, 2007
IPO Close
Fri, Sep 21, 2007
Issue Price
₹415 per share
Market Cap (Pre-IPO)
₹1,267.88 Cr
| IPO Date | 18 to 21 Sep, 2007 |
| Listed on | Fri, Oct 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹370 to ₹415 |
| Issue Price | ₹415 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,24,439 shares (agg. up to ₹146 Cr) |
| Fresh Issue | 26,07,897 shares (agg. up to ₹108 Cr) |
| Offer for Sale | 9,16,542 shares of ₹10 (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 2,79,43,500 shares |
| Share Holding Post Issue | 3,05,51,397 shares |
| BSE Script Code / NSE Symbol | 532901 / KOUTONS |
| ISIN | INE406I01014 |
Koutons Retail IPO comprises a total issue size of 35,24,439 shares. The net offer to the public is 34,74,439 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 20,84,663 (60.00%) are allocated to QIB, 3,47,444 (10.00%) allocated to NII 10,42,332 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 20,84,663 | 60.00% | 59.15% | NA |
| NII (HNI) Shares Offered | 3,47,444 | 10.00% | 9.86% | NA |
| Retail Shares Offered | 10,42,332 | 30.00% | 29.57% | 69,488 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 1.42% | NA | |
| Total Shares Offered | 35,24,439 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,225 |
| Retail (Max) | 32 | 480 | ₹1,99,200 |
| S-HNI (Min) | 33 | 495 | ₹2,05,425 |
| S-HNI (Max) | 160 | 2,400 | ₹9,96,000 |
| B-HNI (Min) | 161 | 2,415 | ₹10,02,225 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1991, Koutons Retail India Limited (KRIL) is in the business of designing, manufacturing and retail of readymade garments in India.
KRIL has establish two strong retail brands in readymade garments segment, "Koutons" & "Charlie Outlaw" and owns a network of 674 exclusive brand outlets.
"Koutons" offers a complete range of a man’s wardrobe (in the age group of 22 to 45 years) ranging from semi formal to casual and party wear.
"Charlie Outlaw" brand is a casual brand targeted at fashion conscious youngsters in the age group of 14 to 25 years and is positioned as a fashionable and contemporary, value for money brand.
KRIL has around 26 facilities utilized by the Company as in-house manufacturing units and warehouses which are spread across various locations in and around Gurgaon, Haryana.
KRIL’s total income and profit after taxes in Fiscal 2006 were Rs. 1,583.85 million and Rs. 132.28 million, respectively. For the 10 months ended January 31, 2007, KRIL’s total income and profit after taxes were Rs. 2,652.14 million and Rs. 239.60 million, respectively.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of the exclusive brand outlets of the Company. | 41.22 |
| 2 | Establishment of a new integrated manufacturing facility. | 30.19 |
| 3 | Purchase of plant and machinery to increase the finishing and manufacturing capacity of the Company. | 10.00 |
| 4 | Improvement of our information technology network; and | 5.58 |
| 5 | General corporate purposes. | 11.13 |
| KPI | |
|---|---|
| RoNW | 21.2% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.13% | 66.63% |
| Market Cap | ₹1,267.88 Cr. |
The Koutons IPO is subscribed 45.52 times on September 21, 2007 5:00:00 PM (Day 4). The public issue subscribed 14.82 times in the retail category, 66.38 times in the QIB category, and 18.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 6.88 |
| 2 | Advertising and marketing expenses | 2.50 |
| 3 | Printing and stationery, including transportation costs | 2.65 |
| 4 | Others (Monitoring Agent fees, Registrar to the Issue fee, legal fees, 16.55 listing fees etc.) | 1.66 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹415.00 | ₹415.00 |
| Open | ₹515.00 | ₹510.05 |
| Low | ₹649.00 | ₹620.00 |
| High | ₹515.00 | ₹502.50 |
| Last Trade | ₹590.45 | ₹586.50 |
Lead Manager Reports
Koutons Retail IPO is a main-board IPO of 35,24,439 equity shares of the face value of ₹10 aggregating up to ₹146 Crores. The issue is priced at ₹415 per share. The minimum order quantity is 15.
The IPO opens on Tue, Sep 18, 2007, and closes on Fri, Sep 21, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Koutons Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Koutons Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Koutons Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Koutons Retail IPO opens on Tue, Sep 18, 2007 and closes on Fri, Sep 21, 2007.
Koutons Retail IPO lot size is 15, and the minimum amount required for application is ₹6,225.
You can apply in Koutons Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Koutons Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Koutons Retail IPO allotment status.
The Koutons Retail IPO listing date is on Fri, Oct 12, 2007.
