Future Supply Chain Solutions Ltd IPO to open for subscription on Dec 6, 2017

The Red Herring Prospectus (RHP) for the Initial Public Offering (IPO) of equity shares of Future Supply Chain Solutions Ltd (FSCSL) by way of an offer for sale of 19,56,914 equity shares of FSCSL held by Future Enterprises Ltd and 78,27,656 equity shares of FSCSL held by Griffin Partners Ltd has been filed with the Registrar of Companies, Maharashtra at Mumbai and the same has been approved on November 27, 2017.

The IPO will be open for subscription by anchor investors on Tuesday, December 5, 2017 and for other investors from Wednesday, December 6, 2017 to Friday, December 8, 2017. The price band for the IPO by FSCL of its equity shares has been fixed at Rs. 660 to Rs. 664 per equity share.

The minimum bid lot for the IPO is 22 equity shares and applications may be made in multiples of 22 equity shares thereafter.

Shares of Future Enterprises Ltd was last trading in BSE at Rs.54.2 as compared to the previous close of Rs. 53.45. The total number of shares traded during the day was 1666645 in over 5601 trades.

The stock hit an intraday high of Rs. 55.95 and intraday low of 53.65. The net turnover during the day was Rs. 91228274.

Source : Equity Bulls

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