Nov. 6 (Bloomberg) -- Kathmandu’s retail share sale will likely be oversubscribed with small investors scaled back to ensure sufficient stock for institutions, the Australian Financial Review reported in its Street Talk column.

Goldman Sachs JBWere Pty and Macquarie Capital are heading the A$375 million ($341 million) initial public offering and the retail component closes this afternoon, the Review said.

Shares are being offered at between A$1.65 and A$1.90 apiece and Goldman and Macquarie are seeking to ensure the offer gets a better result than last month’s Myer Group IPO which was priced at the lower end of its indicative range, the report said.

To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net

Last Updated: November 5, 2009 15:17 EST