Analysis and Insights into the world of IPOs and investing in India

Thursday, May 5, 2011

Future Ventures India Limited IPO Issue Price set at Face Value

Future Ventures India Limited has set the Issue Price for Equity Shares offered under its Initial Public Offering (IPO) at Rs.10/-, i.e. at par with the Face Value of the Equity Shares. The Price Band for the IPO was set at Rs.10/- to Rs.11/- per equity share for shares having a Face Value of Rs.10/- each

Future Ventures India IPO was subscribed 1.52 times on an overall basis with main support coming only from the HNI Category which was overbid 7.81 times. The QIB and Retail Category were not subscribed fully with the two categories getting subscriptions of 0.26 times and 0.61 times respectively

Stay tuned for Listing Dates and other updates on Future Ventures India IPO!


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