Bookbuilding IPO | ₹750 Cr | Listed at BSE, NSE | Mon, Apr 25, 2011 - Thu, Apr 28, 2011
Future Ventures IPO is a book build issue of ₹750.00 crores. The issue is entirely a fresh issue of 75.00 crore shares of ₹750.00 crore.
Future Ventures IPO bidding started from Apr 25, 2011 and ended on Apr 28, 2011. The shares got listed on BSE, NSE on May 10, 2011.
Future Ventures IPO price band is set at ₹10 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹6,600 (600 shares) (based on upper price). The lot size investment for sNII is 34 lots (20,400 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (1,00,200 shares), amounting to ₹10,02,000.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Future Ventures IPO RHP for detailed Information.
IPO Open
Mon, Apr 25, 2011
IPO Close
Thu, Apr 28, 2011
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹1,576.24 Cr
| IPO Date | 25 to 28 Apr, 2011 |
| Listed on | Tue, May 10, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹10 to ₹11 |
| Issue Price | ₹10 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,00,00,000 shares (agg. up to ₹750 Cr) |
| Fresh Issue | 75,00,00,000 shares (agg. up to ₹750 Cr) |
| Share Holding Pre Issue | 82,62,43,700 shares |
| Share Holding Post Issue | 1,57,62,43,700 shares |
| BSE Script Code / NSE Symbol | 533400 / FCONSUMER |
| ISIN | INE220J01025 |
Future Ventures IPO comprises a total issue size of 75,00,00,000 shares. Out of which, 37,50,00,000 (50.00%) are allocated to QIB, 11,25,00,000 (15.00%) allocated to NII 26,25,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 37,50,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 11,25,00,000 | 15.00% | NA |
| Retail Shares Offered | 26,25,00,000 | 35.00% | 4,37,500 |
| Total Shares Offered | 75,00,00,000 | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹6,000 |
| Retail (Max) | 33 | 19,800 | ₹1,98,000 |
| S-HNI (Min) | 34 | 20,400 | ₹2,04,000 |
| S-HNI (Max) | 166 | 99,600 | ₹9,96,000 |
| B-HNI (Min) | 167 | 1,00,200 | ₹10,02,000 |
Incorporated in 1996, Future Ventures India Ltd is part of Future Group (led by Kishore Biyani and owners of Future Bazaar, Pantaloons, Central, Big Bazaar, Food Bazaar, Home Town and E-zone).
Future ventures India Ltd is in the business of creating, building, acquiring, investing in and operating innovative and emerging businesses in consumption-led sectors in India. Within the consumption-led sectors, Future ventures has primary focus on opportunities in the business segments of Fashion, FMCG, Food Processing, Home Products, Rural Distribution and Vocational Education.
As of date, company has 13 Business Ventures, six of which are its subsidiaries. Company believes in applying a disciplined investment approach and building strong partnerships with management and promoters.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To create, build, invest in or acquire, and operate Business Ventures | 53.14 |
| 2 | General corporate purposes | 17.71 |
| KPI | |
|---|---|
| RoNW | -1.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 59.38% | |
| Market Cap | ₹1,576.24 Cr. |
The Future Ventures IPO is subscribed 1.52 times on April 28, 2011 6:15:00 PM (Day 4). The public issue subscribed 0.61 times in the retail category, 0.26 times in the QIB category, and 7.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.26 | 37,50,00,000 | |
| NII | 7.81 | 11,25,00,000 | |
| Retail | 0.61 | 26,25,00,000 | |
| Total | 1.52 | 75,00,00,000 |
CARE has assigned an IPO Grade 3 to Future Ventures IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Read Future Ventures IPO Grading Report
Future Ventures IPO, Future Ventures India IPO, Future Ventures IPO Bidding, Future Ventures IPO Allotment Status, Future Ventures IPO drhp and Future Ventures IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, brokerage and underwriting commissions | 18.26 |
| 2 | Advertising and marketing expenses | 11.71 |
| 3 | Printing and stationery | 4.18 |
| 4 | Others (Registrar’s fee, Monitoring Agency’s fees, IPO grading agency fees, legal fee, listing fee, insurance, etc.) | 7.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹10.00 | ₹10.00 |
| Open | ₹9.50 | ₹9.00 |
| Low | ₹7.95 | ₹7.90 |
| High | ₹9.50 | ₹9.65 |
| Last Trade | ₹8.30 | ₹8.20 |
Lead Manager Reports
Future Ventures IPO is a main-board IPO of 75,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹750 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 600.
The IPO opens on Mon, Apr 25, 2011, and closes on Thu, Apr 28, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Future Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Future Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Future Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Future Ventures IPO opens on Mon, Apr 25, 2011 and closes on Thu, Apr 28, 2011.
Future Ventures IPO lot size is 600, and the minimum amount required for application is ₹6,000.
You can apply in Future Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Future Ventures IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Future Ventures IPO allotment status.
The Future Ventures IPO listing date is on Tue, May 10, 2011.
