Koutons files DRHP with SEBI

The retail garment brand Koutons has filed its draft red herring prospectus, DRHP with SEBI and intends to enter the capital market with an IPO as reported on Moneycontrol.

This comes after a round of PE funding from Passport India, UTI Ventures & Argonaut. Passport India Investments (Mauritius) has picked up 6,00,000 equity shares in Koutons Retail India for an investment amount of Rs 210 million. Passport has been allotted the equity shares at a fixed price of Rs 350 per equity share. With this infusion Koutons Retail India has raised an aggregate amount of Rs 1,216 million as private equity since June 2006. The earlier investors were UTI Venture Funds Management Company Private Limited and Argonaut Ventures.

As on February 28, 2007, the company had 26 manufacturing and warehouse facilities in and around Gurgaon, and a network of 674 retail outlets across India.

MIC Electronics plans an IPO

MIC Electronics, an Hyderabad based manufacturer of LED display systems, is planning to raise close to Rs 100 crores through an IPO in first quarter of January, reported Business Standard. MIC Electronics is into media (LED display), Infotech (software) and telecommunications business

The amount raised is expected to be utilized for infrastructure development, rentals fo screens, development of 3D LED display screens and ramping up research & development amongst other things. Plans are also on to acquire Infostep, a US based company and also venture into entertainment theme park development.

Edelweiss Capital were appointed advisors to the issue which will constitute 25.34% of the company’s fully diluted post issue paid up equity capital.

Read article from Business Standard