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Monday, April 25, 2011

Future Ventures Limited, a part of the Future Group, has launched its Initial Public Offer (IPO) Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics

According to the company's website, Future Ventures, seeks to promote and participate in innovative and emerging business ventures in India. The company intends to play a role in powering entrepreneurship, by promoting or participating in diverse business activities, primarily in “consumption-led” sectors in the country

The Price Band for the IPO of Future Ventures Limited has been set at Rs.10/- to Rs.11/- per equity share. The price band set is at 1 time the Face Value of share at the lower end and 1.1 times the Face Value at the upper end. Correspondingly, the bid lot for the IPO would be 600 Equity Shares and in multiples thereof. The IPO would remain open for subscription till Thursday, April 28, 2011. However, in case of QIB Bidders, the issue closes on Wednesday, April 27, 2011

2 comments:

  1. Good proxy to buy into india's consumption sector.

    ReplyDelete
  2. Future Capital Holdings Ltd (FCH), was made at an very very high price of Rs 765 in 2008. The same investment bankers Enam, JM Financial and Kotak Mahindra, who are managing FVIL’s present offer, handled the FCH’s IPO where investors had lost 75% of their money!

    ReplyDelete

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