Leading apparel manufacturing company Koutons Retail India Ltd announced it would be setting up an integrated manufacturing facility at Gurgaon, Haryana, to augment its production capacity.
It would also set up its own exclusive brand outlets throughout the country, Koutons retail India Chairman, D P S Kohli said.
He said to fund these projects, the company would be coming out with an IPO, which opens on September 18 and closes on Septemebr 21.
The company proposed to raise upto Rs 146 crore through the issue, he said.
“We are expecting to raise about Rs 140 crore through this 100 per cent book building process by issuing 35.24 lakh equity shares of face value of Rs 10,” he said.
The price has been fixed at Rs 370 to Rs 415 a share.