Koutons plans Rs 130cr IPO, to invest Rs 325cr

 The company is planning an intial public offering (IPO) of about Rs 130 crore by the next fiscal.The company is also looking to raise Rs 70 crore through private placement, Ajay Mahajan, financial controller of the company, said.

 "Our retail expansion plan includes opening about 2,500 stores of Koutons brand and the relaunched brand Charlie Outlaw across India," chairman D P Kohli said. The company will open 101 Charlie Outlaw outlets tomorrow.

 The company is aiming at a turnover of Rs 475 crore this fiscal, up from Rs 158 crore last year, Kohli added.