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.