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Monday, May 9, 2011

Future Ventures to list on Tuesday, May 10, 2011

The Equity Shares of Future Ventures Limited would be listed on the exchanges with effect from Tuesday, May 10, 2011. Future Ventures India Limited had 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

With low subscriptions from the QIB and Retail categories, if substantial selling pressure builds up, Future Ventures may struggle to hold on above its Face Value. Check back Indian IPO Blog for listing day price movements and updates on Future Ventures Limited
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