Money Maker Research & Investment Advisor: Future Supply Chain raises Rs. 195 cr, from anchor investors::

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Wednesday, 6 December 2017

Future Supply Chain raises Rs. 195 cr, from anchor investors::

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Future Group’s logistics arm Future Supply Chain Solutions has announced that it has garnered Rs. 195 crore ahead of its IPO that opens on Wednesday.
The IPO clocked allocation of over 29.35 lakh equity shares to 16 anchor investors at Rs. 664 share apiece, the upper end of the price band of Rs. 660-664. The Anchor investors consist of HDFC Trustee Company., Reliance Capital Trustee Company Ltd, L&T M.F and IDFC M.F.
The IPO is a combine of fresh issuance of shares by promoters Future Enterprises Ltd, which will lead to a dilution of 4.43% of their stake, and an  OFS by private equity investor Griffin Partners aggregating to 20% of equity.
Future Supply Chain Solutions Limited (FSC) is an Indian supply chain and logistics company catering to corporates in various domains such as Food and FMCG; Apparels, Footwear and Accessories; Home and Furniture, Automotive, Pharma and Light Engineering and much more.

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