Koutons IPO Details

Issue Open Sep 18, 2007
Issue Close Sep 21, 2007
IPO Price ₹415
Face Value ₹10
IPO Size ₹146.26 Cr
Listing At BSE, NSE
IPO Lot Size 15

KOUTONS RETAIL INDIA LIMITED

(Incorporated on November 25,1994 under the Companies Act, 1956, as amended, as Charlie Creations Private Limited.
The name of the Company was changed to Koutons Retail India Private Limited with effect from February 7,2006.
The Company was converted into a public limited company and its name was changed to
Koutons Retail India Limited with effect from June 27, 2006.)
The registered office of the Company was changed from T-60/1, D.C.M. School Road, New Rohtak Road, Karol Bagh, New Delhi 110 005, India to J-2 Udyog Nagar, Peera Garhi Chowk, New Delhi 110 041, India on November 26,2001 and thereafter on February 1,2006 to its current registered office at
T-60/1, D.C.M. School Road. New Rohtak Road, Karol Bagh, New Delhi 110 005, India.
Tel: + (91) (11) 65451320; Fax: + (91) (11) 2362 6149.
Corporate Office: 274-275, Udyog Vihar, Phase-VI, Sector-37, Gurgaon 122 001 (Haryana), India;
Tel: + (91) (124) 413 9300; Fax: + (91) (124) 413 9399.
Contact Person: Mr. Ajay Mahajan;
E-mail: ipo2007@koutons.com; Website: www.koutons.com.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 3,524,439 EQUITY SHARES OF Rs. 10 EACH ("EQUITY SHARES") OF KOUTONS RETAIL INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 415 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 405 PER EQUITY SHARE), CONSISTING OF A FRESH ISSUE OF 2,607,897 EQUITY SHARES ("FRESH ISSUE") AND AN OFFER FOR SALE OF 916,542 EQUITY SHARES BY MR. DPS KOHLI, MR. BS SAWHNEY AND MR. GS SAWHNEY (THE "SELLING SHAREHOLDERS"), AGGREGATING RS. 1,462.64 MILLION (THE "ISSUE"). UPTO 50,000 EQUITY SHARES WILL BE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE". THE ISSUE WILL CONSTITUTE APPROXIMATELY 11.54% OF THE COMPANY'S POST-ISSUE CAPITAL. THE NET ISSUE WILL CONSTITUTE APPROXIMATELY 11.37% OF THE COMPANY'S POST-ISSUE CAPITAL ISSUE PRICE OF RS. 415 PER EQUITY SHARE OF FACE VALUE RS. 10 EACH. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 AND THE ISSUE PRICE IS 41.5 TIMES OF THE FACE VALUE.
Pursuant to Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR"), this issue consists of an issue for less than 25% of the post-Issue capital and was made through a 100% Book Building Process wherein at least 60% of the Net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% was to be available for allocation on a proportionate basis to Mutual Funds only and the remainder was to be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. In addition, in accordance with Rule 19(2) (b) of the SCRR, a minimum of two million securities were offered to the public and the size of the Net issue aggregated to at least Rs. 1,000 million. If at least 60% Of the Net Issue was not allocated to QIBs, then the entire application money was to be refunded forthwith. Further, not less than 10% of the Net Issue was to be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Net Issue was to be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further up to 50,000 Equity Shares were to be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue Price.
The Issue opened for subscription on Tuesday, September 18, 2007 and closed on Friday, September 21,2007. The Issue has received 123,606 applications for 158,948,031 Equity Shares resulting in a 45.09882 times subscription. The details of the subscription received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail and Employee Reservation categories (before technical rejections) are as under:

Category No. of Applications No. of Equity Shares bid* Subscription (no. of times)#
Qualified Institutional Buyers 121 138,370,200 66.37533
Non-Institutional Bidders 240 5,693,700 16.38739
Retail Individual Bidders 123,139 14,824,306 14.22225
Eligible Employees 106 59,825 1.19650

* After eliminating cheque returns.
# Including bids received at cut-off price.

Final Demand
A summary of the final demand at different bid prices is as under:

Bid Price No. of Equity Shares % of Total Cumulative Total Cumulative % of Total
370 280,080 0.17477 160,254,945 100.00000
371 15 0.00001 159,974,865 99.82523
372 60 0.00004 159,974,850 99.82522
373 45 0.00003 159,974,790 99.82518
375 660 0.00041 159,974,745 99.82515
377 75 0.00005 159,974,085 99.82474
380 660 0.00041 159,974,010 99.82469
381 30 0.00002 159,973,350 99.82428
382 15 0.00001 159,973,320 99.82426
384 15 0.00001 159,973,305 99.82426
385 300 0.00019 159,973,290 99.82425
386 30 0.00002 159,972,990 99.82406
390 2,040 0.00127 159,972,960 99.82404
391 15 0.00001 159,970,920 99.82277
392 780 0.00049 159,970,905 99.82276
393 2,700 0.00168 159,970,125 99.82227
394 15 0.00001 159,967,425 99.82059
395 1,005 0.00063 159,967,410 99.82058
396 60 0.00004 159,966,405 99.81995
397 30 0.00002 159,966,345 99.81991
400 111,270 0.06943 159,966,315 99.81989
405 465 0.00029 159,855,045 99.75046
408 90 0.00006 159,854,580 99.75017
410 1,605 0.00100 159,854,490 99.75011
411 225 0,00014 159,852,885 99.74911
412 45 0.00003 159,852,660 99.74897
415 & Cut Off Price 159,852,615 99.74894 159,852,615 99.74894

The Basis of Allocation was finalised in consultation with the Designated Stock Exchange - the Bombay Stock Exchange Limited ("BSE") on Thursday, October 4,2007. The IPO Committee of Directors of the Company vide resolution dated Friday, October 5, 2007 has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants.

A. ALLOCATION TO NON-INSTITUTIONAL BIDDERS
The Company has received 187 valid applications for 5,633,580 Equity Shares in this category resulting in a 16.21435 times subscription. The number of Equity Shares allotted to Non-Institutional Bidders is 347,444. A sample of category-wise details ot the Basis of Allocation is as under:

Category No. Of Applications % to Total No. of Equity Shares Appliad % to Total No. of Equity Shares Allocated Ratio Total No. of Equity Shares Allocated
255 10 5.35 2,550 0.05 16 Firm 160
1005 1 0.53 1,005 0.02 62 Firm 62
2400 3 1.60 7,200 0.13 148 Firm 444
5040 1 0.53 5,040 0.09 311 Firm 311
12000 5 2.67 60,000 1.07 740 Firm 3,700
75000 1 0.53 75,000 1.33 4,626 Firm 4,626
120000 2 1.07 240,000 4.26 7,401 Firm 14,802
240900 1 0.53 240,900 4.28 14,857 Firm 14,857
265050 2 1.07 530,100 9.41 16,347 firm 32,694
325290 1 0.53 325,290 5.77 20,062 Firm 20.062
347430 1 0.53 347,430 6.17 21,427 Firm 21,427
602400 2 1.07 1,204,800 21.39 37,139 Firm 74,278

B. ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
The Company has received 120,491 valid applications for 14,561,310 Equity Shares In this category resulting in 13.96993 times subscription. The number of Equity Shares allotted to Non-Institutional Bidders is 1,042,332. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total No. of Equity Shares Applied % to Total No. of Equity Shares Allocated Ratio Total No. of Equity Shares Allocated
15 19,573 16.24 293,595 2.02 15 1:11 26,685
30 13,488 11.19 404,640 2.78 15 5:33 30,660
210 7,503 6.23 337,635 2.32 15 3:14 24,120
60 9,007 7.48 540,420 3.71 15 2:7 38,595
75 4,143 3.44 310,725 2.13 15 5:14 22,200
90 3,965 3.29 356,850 2.45 15 3:7 25,485
105 4,002 3.32 420,210 2.89 15 1:2 30,015
120 13,708 11.38 1,644,960 11.30 15 4:7 117,495
135 1,552 1.29 209,520 1.44 15 9:14 14,970
150 2,621 2.18 393,150 2.70 15 5:7 28,080
165 613 0.51 101,145 0.69 15 11:14 7,230
180 1,045 0.87 188.100 1.29 15 6:7 13,440
195 518 0.43 101,010 0.69 15 13:14 7,215
210 704 0.58 147,840 1.02 15 Firm 10,560
Additional 1 7:50 99
225 1,350 1.12 303,750 2.09 16 Firm 21,600
240 36,699 30.46 8,807,760 60.49 17 Firm 623,883

C. ALLOCATION TO ELIGIBLE EMPLOYEES
The Company has received 105 valid applications for 58,320 Equity Shares in this category resulting in a 1.16640 times subscription. The number of Equity Shares allotted to Eligible Employees is 50,000. A sample of category-wise details of the Basis of Allocation is as under:

Category No. of Applications % to Total No. of Equity Shares Applied % to Total No. of Equity Shares Allocated Ratio Total No. of Equity Snares Allocated
15 4 3.81 60 0.10 15 Firm 60
30 13 12.38 390 1.67 26 Firm 338
210 5 4.76 1,050 1.80 180 Firm 900
300 2 1.90 600 1.03 257 Firm 514
570 1 0.95 570 0.98 489 Firm 489
600 3 2.86 1,800 3.09 514 Firm 1,542
810 1 0.95 810 1.39 694 Firm 694
1005 1 0.95 1,005 1.72 862 Firm 862
1500 1 0.95 1,500 2.57 1,286 Firm 1,286
2700 1 0.95 2,700 4.63 2,315 Firm 2,315
4950 1 0.95 4,950 8.49 4,244 Firm 4,244
7155 1 0.95 7,155 12.27 6,134 Firm 6,134
10245 1 0.95 10,245 17.57 8,768 Firm 8,768

D. ALLOCATION TO QUALIFIED INSTITUTIONAL BUYERS
Allocation to QIBs has been done on a proportionate basis in consultation with the BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of Equity Shares available (104,233) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available Equity Shares (1,980,430) on a proportionate basis.

Category Financial Institutions/Banks Mutual Funds Foreign
Institutional Investors
Venture Capital Insurance Companies Total
No. of Equity Shares 432,618 381,971 1,202,132 1.031 66,911 2,084,663

The Confirmation of Allocation Note ("CAN"), Refund Orders and allotment advice and notices are being dispatched to the address of the Investors as registered with the depositories. In case the same is not received within ten (10) days, Investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants are being credited to their respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on National Slock Exchange of India Limited ("NSE") and The Bombay Stock Exchange Limited ("BSE") within seven (7) working days from the date approval of Basis of Allocation.

INVESTORS PLEASE NOTE
These details of allotment made would be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at http://kcpl.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Karvy Computershare Private Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid cum Application Form, Number of Equity Shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below:

KARVY COMPUTERSHARE PRIVATE LIMITED
Unit: koutons, plot No.17 to 24, Vithalrao Nagar, Madhapur, Hyderabad - 500 081, india
Tel: +(91)(40)-23420815-820(Toll Free Helpline Number:1-800-345001)
Fax: +(91)(40)23420814
Email: einward.ris@karvy.com, Website: www.karvy.com
Contact Person: Mr.M.Murali Krishna

This communication is intended for release solely in india. This communication is not an offer os securities for sale in any other jursdiction, Including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under theUS Securities Act of 1933



Place : Gurgaon
Date  : October 5, 2007

For Koutons Retails India Limited
Sd/-
Ramit Rastogi
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF KOUTONS RETAIL INDIA LIMITED.

Koutons IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Koutons IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Koutons IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Koutons IPO basis of allotment status?

    The Koutons IPO basis of allotment (published above) tells you how shares are allocated to you in Koutons IPO and category wise demand of IPO share.

    Visit the Koutons IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Koutons IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Koutons IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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