Future Ventures India Limited IPO Rating - Indian IPO Blog

Sunday, April 24, 2011

Future Ventures India Limited IPO Rating

Credit Rating Agency CARE has assigned an IPO Grade 3/5 to Future Ventures Limited IPO. This implies that as per CARE, the company has "Average Fundamentals". CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

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

Future Ventures Limited, a part of the Future Group, is set to launch its Initial Public Offer (IPO), which would open for subscription from Monday, April 25, 2011. 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 

Click here to download the IPO Grading Report for Future Ventures Limited IPO

No comments:

Post a Comment