Indian Stock Market

Koutons Retail India (KRIL), an integrated apparel maker and retailer, is all set to tap the capital market by way of public issue of 3,524,439 shares (it consist a fresh issue of 2,607,897 shares and an offer for sale of 916,542 shares by the existing shareholders) via 100% book building.

KRIL intends to garner maximum of Rs 1,082.27 million through fresh issue. It plans to offer Rs 10 share, at a price band of Rs 370 to Rs 415. It has invited investors to subscribe to its issue from September 18 to September 21.
To manage the public issue, KRIL has appointed JM Financial Consultants.
The net issue will constitute 11.37% of post-issue capital of the company.

KRIL intends to finance expansion plans worth Rs 869.75 million via proceeds of the fresh issue. It`s expansion plans include setting up of the exclusive brand outlets, establishment of a new integrated manufacturing facility, purchase of plant and machinery to increase capacity and improvement of information technology network.

KRIL is an integrated apparel manufacturing and retail company, engaged 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. It had 18 in-house manufacturing and finishing units and 14 warehouses which are spread across various locations in and around Gurgaon, Haryana. It holds the capacity to manufacture 12.36 million and and finish  22.92 million pieces of apparel, annually.