Issue Price: Rs. 10 - Rs. 11 Per Equity Share
Issue Detail:
»» Issue Open: Apr 25, 2011 - Apr 28, 2011
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 750.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity: 600 Shares
Allotment Status: http://www.linkintime.co.in/newsite/ipoInformation.jsp
Bid Details:
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors (NIIs) Retail Individual Investors (RIIs) Total Shares Offered / Reserved 375,000,000 112,500,000 262,500,000 750,000,000 Day 1 - Apr 25, 2011 17:00 IST 0.1800 1.2100 0.0200 0.2800 Day 2 - Apr 26, 2011 17:00 IST 0.1800 3.4800 0.0500 0.6300 Day 3 - Apr 27, 2011 17:00 IST 0.2600 5.1300 0.1600 0.9500 Day 4 - Apr 28, 2011 18:15 IST 0.2600 7.8100 0.6100 1.5200
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.
Company Promoters:
The Promoters of the company are:
Individual Promoter: Kishore Biyani
Corporate Promoters:
1. Future Capital Investment Private Limited;
2. Future Corporate Resources Limited (erstwhile PFH Entertainment Limited);
3. Future Knowledge Services Limited;
4. Pantaloon Industries Limited; and
5. Pantaloon Retail (India) Limited.
Objects of the Issue:
The objects of the Issue are:
- To create, build, invest in or acquire, and operate Business Ventures;
- For general corporate purposes; and
- To meet the issue expenses and achieve the benefits of listing on the Stock Exchanges.