Koutons Retail IPO in Rs 370-415/shr price band

Apparel manufacturer and retailer Koutons Retail has fixed a price band of Rs 370-415 per share for its initial public offering (IPO) opening on September 18.

The issue of 35.24 lakh equity shares will close on September 21, and constitute 11.54% of the post-issue capital of the company, Koutons said.

The company will utilise the proceeds to set up brand outlets and integrated manufacturing facility.

It is planning to open 140 exclusive brand outlets for its brands Koutons and Charlie Outlaw in the next two years.