Koutons Retail India Limited - IPO Prospects
Issue Period : 18th September -21st September
Face Value - Rs 10
Price -Rs 370 -Rs 415
Min .Order -15 shares
Grade - Good
Recommendation - Subscribe
Perspective - Long Term
Company Info
Apparel maker Koutons Retail India had priced its initial public offer in the band of Rs 370-415 a share. Proceeds will be utilised for setting up exclusive brand outlets of the company at the cost of Rs 41.2 crore, establishment of new integrated manufacturing facility (Rs 30.18 cr). The company is also going to purchase plant and machinery to increase finishing and manufacturing capacity (Rs 10 cr) and improve Information technology network (Rs 5.57 cr).
Valuations
Koutons Retail is an excellent issue with attractive price band. It can see appreciation of 20% on listing. Positive point is that they are not going to appoint sub dealers. Retail industry is also doing well. The counter demand is very good. So people should apply for this issue and also good for long term.
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