Future Ventures India Ltd IPO Message Board (Page 10)

FUTURE VENTURES LTD IPO

company's revenue and operating results will fluctuate and will remain unpredictable due to unpredictability of events such as exit from any of the Business Ventures or other factors such as changes in value of its investment or dividends paid by the Business Ventures.

The company is still making loss at Consolidated PAT levels. Future Ventures has made investments in business ventures mainly in last two years which are in nascent stage of their operations. Future Ventures ability to successfully turnaround these business ventures operationally and financially and profitably divest its stake would eventually determine the success of its unique business model.

Various entities within the Future Group have overlapping business objectives and potential conflicts may arise with respect to decisions regarding how to allocate business opportunities among those entities.

The company intends to utilize the net proceeds to create, build, invest or acquire, and operate business ventures. Any delay in finding the right opportunity or wrong choice or overvaluation at the time of investment will affect the fortunes of the company.


For 9 months ending 31st December, 2010 total income of the Company was placed at Rs. 399.70 crores with EBITDA of Rs. 13.81 crores, while net loss after tax was placed at Rs. 14.68 crores, after adjuting for share in Associates as also of Minority interest. The Company


I AM NOT APPLING IN THIS IPO TO WASTE MY TIME AND MONEY FOR RS .25 TO .75P PREMIUM I FEEL I WILL LOOSE RS 1 IN EACH SHARE IF I APPLY IN THIS IPO

Future ventures seems like A2Z

although big name involved but chances of making money are very very less

one should avoid these type of IPO
and stay away..

Current GMP is on;y at around 0.3 paise
which will turn into discount once the IPO gets over

So strictly avoid !!

If u ppl read the draft prospectus of this company with SEBI, then you will not invest in this IPO.

This company's promoter are involved in lots of CRIMINAL CASES.
Further all the Grp companies are in huge losses.
They are trying to fill losses with our investment.

This is for kind information of all dear investors.
Don't waste money in hope of earning.

Rgds
Well wisher

wht is recent g.premium of futures?

yes its true in rajkot also form commision for innovative and future is Rs 600 for 1 lacs. confirm

Dear GEM suppose in if you had funds would had subscribed to Innvoative IPO. I m asking because here also commissions are high 1500 for 2 lakh form. What subcription you think it can fetch in retail portion ?

The concluding para of S.P.Tulsiyan's comments recommending the issue is given below Coutsey : premiuminvestments

"Coming on to the pricing, issue price is likely to get discovered at the face value, which will be the same rate at which the promoters have invested in the company since 1996 to as recently as August 2010. With an eye-catching price tag, investors can apply for the issue as the share seems to have limited downside from face value while it has potential to be a low risk-high return bet, given India’s developing economy being fuelled by higher domestic consumption and Future Group’s expertise in retail".

My personal views :

1) S.P.Tulsiyan seems to attach a huge importance on the investors getting shares at the same rate as the promoters in 1996. Though it is important, he seems to forget that the company was loss making year after year and the promoters investments would not have had any appreciation at all. The long term story of higher domestic consumption etc is there but the share value appreciation would start as and when the company turns profitable or there is a major break through and the investors could conveniently invest then.

2) S.P.Tulsiyan recommends a skip for Innoventive Industries on the converse of the above reasons. Though the allocations of shares are questionable to some extent, these would get easily overriden by the profits and the growth the company makes.

TSGUJARATI

I DONT THINK IT WILL CROSS 0.9-1.3 IN RETAIL......

YES GIVING THAT MUCH COMMS SHOWS THE CO FUNDAMENTAL OF CO AND GROUP AND MR BIYANI......

NOT A SINGLE REASON TO BUY THIS CO AND GROUP

Commission per form in future ventures is 600 rs for 1 lakh application. What is view Gem ipo finder do you think it will be subscribed more then 3 times in retail ? I think no company can afford to pay such high commission on forms if they think they will be successful to catch retailers

Short-term investors in Future Ventures, whose issue opened for subscription on Monday, can try their luck at the IPO as one expects active interest in the counter because of the big names involved.

But while the visibility of the Future Group is high, it has not exactly been a great ride for investors. The group went public one year before Infosys, but there the comparison ends. The financial track record and distribution to shareholders are miles apart since the two are in different industries.

In 19 years, Pantaloon Retail India (PRIL) – the flagship - had made just one bonus issue that too was issued after taking an exorbitant premium of Rs 490 for the Rs 10 paid-up share through its 1:5 rights issue! Post-rights, in the last five years, PRIL’s share has fetched only a modest annual return of 13%, including dividends, and the gain on shares allotted in Agre Developers Ltd.

The group’s second public company, Pantaloon Textile, subsequently renamed as Pantaloon Industries, too offered negligible returns in the first 10 years. For reasons best known only to the promoters, they de-listed the stock after an open offer in the year 2006.

The third public float of the group, Future Capital Holdings Ltd (FCH), was made at an ultra-high price of Rs 765 in early 2008. Incidentally, the same investment bankers Enam, JM Financial and Kotak Mahindra, who are managing FVIL’s present offer, handled the super-high-priced FCH’s IPO which has inflicted a loss of more than 75% on investors.

At a recent press meet, the promoter of Future group reportedly said that the investment bankers wanted a higher price for FVIL’s IPO but, keeping in view the losses suffered by FCH’s investors, he had opted for a very low price. One could well ask: if the promoter was concerned about the investing public’s loss, he could have done what ADAG’s promoter did. The Anil Ambani company reduced the average cost of public investors’ holdings in Reliance Power by issuing bonus shares (to only public investors) out of the exorbitant premium collected during the IPO.

Another public company, Galaxy Entertainment, taken over by the Future group in early 2006, too has a pathetic record to speak about. At the time of Future’s takeover, Galaxy was commanding a price of more than Rs 260 but today it is languishing at less than Rs 20!

If retail participatio is higer than the QIBS / HNIs, this seems scaring.

PARAMOUNT SET TO SURPRISE !
RETAIL OVERSUBSCRIBED MORE THAN 6 TIMES ( BSE+NSE)

how the premium on BOB is decided.

CAN ANY ONE TELL ME CURRENT PREMIUM OF FUTURE VENTURE?

paramount retail at 12 pm 1.12

AS I am in office cant find out abt the oversubscription figures of paramount packaging ipo closin today.

cany any body provide the latest n hour by hour update.

any news on GMP?
wud be grateful.

only buyer Rs 2.25/- looking very very good

grey market premium is Rs. 2.25 to 2.50/-

N E W - I P O
VASVANI IND.
OPEN 29 APR.
CLOSE 03 MAY

Hi Guys
Good News!!
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Enjoy great returns with BOB Bond