Mumbai: Koutons Retail India has listed on the NSE with public issue shares today, October 12, 2007.

Koutons Retail India got listed at Rs 510 on the National Stock Exchange, with a premium of 23 per cent to the issue price of Rs 415 per share.

In early trading (9:56 am), the stock gained 46.50 per cent at Rs 608. The total volume stood at 1.5 lakh shares. It touched an intraday high of Rs 620 and an intraday low of Rs 502.50.

The scrip opened at Rs 515 on BSE. In few minutes, it reached Rs 610, up 47 per cent to the issue price. It also touched a peak of Rs 649.

Koutons Retail is an integrated clothes maker and retailer with a network of 999 exclusive brand outlets crosswise India.

The company has lifted up Rs 146.25 crore via initial public offering (IPO) of 35,24,439 shares that was subscribed 45.52 times.

The company raised the funds for establishing 140 exclusive sale outlets for ‘Koutons’ and ‘Charlie Outlaw’ brands, and for a new incorporated manufacturing plant at Gurgaon, Haryana.