My view
+Ve
Good sector
Great management (Kishore Biyani)
Profits in increasing trend
-ve
Gujarat elections
Not much fancy in grey market premium
Note : future group stocks have done well in recent past. Logistics sector is growing as a whole.
Conclusion : Apply for long term
Expected listing gain is around 10% so its a bit risky
( Risk takers may apply for listing gains.)
Short Note about the Company:
Future Supply Chain Solutions Ltd(Incorporated in 2006, ) is one of the largest third-party logistics service provider in India. Their services includes automated and IT-enabled warehousing, distribution and other value-added logistics solutions such as kitting and bundling, unit-cartonisation and packaging solutions, express logistics , less-than truck-load and time-definite transportation services; and temperature-controlled logistics comprising cold-chain warehousing, transportation solutions, and long-haul distribution services for perishable products
Future Supply Chain Solutions Ltd(Incorporated in 2006, ) is one of the largest third-party logistics service provider in India. Their services includes automated and IT-enabled warehousing, distribution and other value-added logistics solutions such as kitting and bundling, unit-cartonisation and packaging solutions, express logistics , less-than truck-load and time-definite transportation services; and temperature-controlled logistics comprising cold-chain warehousing, transportation solutions, and long-haul distribution services for perishable products
The company has customers from various sectors (eg retail, fashion and apparel, automotive and engineering, food and beverage, FMCG , e-commerce, healthcare, electronics , home-textile and furniture and ATMs.(financial summary is given on this page)
The promoters :
Future Enterprises Limited ( Kishore Biyani Group company)
Future Enterprises Limited ( Kishore Biyani Group company)
Main objects of the issue are:
1. Avail the benefit of listing of the Equity Shares on the Stock Exchanges;
2.To Enhance stability and brand image and
3.To provide liquidity to its existing shareholders.
1. Avail the benefit of listing of the Equity Shares on the Stock Exchanges;
2.To Enhance stability and brand image and
3.To provide liquidity to its existing shareholders.
IPO Particulars:
IPO Opens on : 06 December 2017
IPO Closes on : 08 December 2017
Issue Type: Book Built Issue IPO
Issue Size: 9,784,570 Equity Shares of INR aggregating up to Rs [.] Cr
Face Value: Rs. 10
Price Band:INR 660-664 Per Equity Share
Minimum Order Quantity: 22 Shares
Listing will at:BSE, NSE
IPO Closes on : 08 December 2017
Issue Type: Book Built Issue IPO
Issue Size: 9,784,570 Equity Shares of INR aggregating up to Rs [.] Cr
Face Value: Rs. 10
Price Band:INR 660-664 Per Equity Share
Minimum Order Quantity: 22 Shares
Listing will at:BSE, NSE
Tentative Timetable:
29th Nov – Price Band to be Announced
05th Dec – Anchor List
06th Dec – Offer Opens
08th Dec – Offer Closes
13th Dec – Finalisation of Basis of Allotment
14th Dec – Unblocking of ASBA
14th Dec – Credit to Demat Accounts
18th Dec – Listing on NSE & BSE
29th Nov – Price Band to be Announced
05th Dec – Anchor List
06th Dec – Offer Opens
08th Dec – Offer Closes
13th Dec – Finalisation of Basis of Allotment
14th Dec – Unblocking of ASBA
14th Dec – Credit to Demat Accounts
18th Dec – Listing on NSE & BSE
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