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Future Supply Chain IPO is a book built issue of Rs 649.70 crores.
Future Supply Chain IPO bidding started from December 6, 2017 and ended on December 8, 2017. The allotment for Future Supply Chain IPO was finalized on Wednesday, December 13, 2017. The shares got listed on BSE, NSE on December 18, 2017.
Future Supply Chain IPO price band is set at ₹660 to ₹664 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,608.
Idfc Bank Limited, Iifl Securities Ltd and Yes Securities (India) Limited are the book running lead managers of the Future Supply Chain IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Future Supply Chain IPO RHP for detailed information.
| IPO Date | December 6, 2017 to December 8, 2017 |
| Listing Date | December 18, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹660 to ₹664 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 9,784,570 shares (aggregating up to ₹649.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 40,056,238 |
| Share holding post issue | 40,056,238 |
Future Supply Chain IPO offers 6,849,200 shares. 1,956,914 (28.57%) to QIB, 1,467,686 (21.43%) to NII, 3,424,600 (50.00%) to RII. 155,663 RIIs will receive minimum 22 shares and (sNII) and (bNII) will receive minimum 308 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,956,914 (28.57%) | NA |
| NII (HNI) Shares Offered | 1,467,686 (21.43%) | |
| Retail Shares Offered | 3,424,600 (50.00%) | 155,663 |
| Total Shares Offered | 6,849,200 (100%) |
Future Supply Chain IPO opens on December 6, 2017, and closes on December 8, 2017.
| IPO Open Date | Wednesday, December 6, 2017 |
| IPO Close Date | Friday, December 8, 2017 |
| Basis of Allotment | Wednesday, December 13, 2017 |
| Initiation of Refunds | Thursday, December 14, 2017 |
| Credit of Shares to Demat | Thursday, December 14, 2017 |
| Listing Date | Monday, December 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 8, 2017 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,608 |
| Retail (Max) | 13 | 286 | ₹189,904 |
| Lot Size Calculator | |||
Incorporated in 2006, Future Supply Chain Solutions Ltd is one of the largest third-party logistics service provider in India. Their services includes automated and IT-enabled warehousing, distribution and other logistics solutions.
They offers contract logistics such as warehousing and distribution services as well as other value-added services including kitting and bundling, unit cartonisation and packaging solutions, express logistics such as point-to-point, less-than truck-load and time-definite transportation services; and temperature-controlled logistics comprising cold-chain warehousing, transportation solutions, and long-haul distribution services for perishable products.
They serves customers in various sectors which includes retail, fashion and apparel, automotive and engineering, food and beverage, fast-moving consumer goods, e-commerce, healthcare, electronics and technology, home and furniture and ATMs.
| Particulars | For the year/period ended (in Rs. million) | ||||
|---|---|---|---|---|---|
| 30-Sep-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||
| Total Assets | 5,757.00 | 5,095.05 | 4,837.03 | 3,873.54 | |
| Total Revenue | 3,652.03 | 5,769.92 | 5,284.70 | 4,107.22 | |
| Profit After Tax | 333.30 | 457.54 | 294.27 | 246.57 | |
The objects of the Offer for the Company are to:
1. Achieve the benefit of listing the Equity Shares on the Stock Exchanges;
2. Sale of Equity Shares by the Selling Shareholders;
3. Enhance its stability and brand image and provide liquidity to its existing shareholders.
[Dilip Davda] FSC happens to be the first mover in automated technology system support in consumption related segments; it will attract more fancy post listing going forward. Investors may consider investment for medium to long term. (Subscribe). Read detail review...
The Future Supply Chain IPO is subscribed 7.56 times on December 8, 2017 9:00:00 PM. The public issue subscribed 3.28 times in the retail category, 12.36 times in the QIB category, and 11.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 12.36 |
| NII | 11.15 |
| Retail | 3.28 |
| Total | 7.56 |
| Listing Date | December 18, 2017 |
| BSE Script Code | 540798 |
| NSE Symbol | FSC |
| ISIN | INE935Q01015 |
| Final Issue Price | ₹664 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹664.00 |
| ₹674.00 |
| ₹660.05 |
| ₹698.70 |
| ₹685.80 |
| NSE |
|---|
| ₹664.00 |
| ₹664.00 |
| ₹660.00 |
| ₹699.00 |
| ₹686.35 |
Future Supply Chain Solutions Ltd
Knowledge House, Shyam Nagar,
Jogeshwari-Vikhroli Link Road,
Jogeshwari (East), Mumbai 400 060
Phone: +91 22 6644 2200
Email: investorrelations@futuresupplychains.com
Website: http://www.futuresupplychains.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: futuresupply.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Future Supply Chain IPO is a main-board IPO of 9,784,570 equity shares of the face value of ₹10 aggregating up to ₹649.70 Crores. The issue is priced at ₹660 to ₹664 per share. The minimum order quantity is 22 Shares.
The IPO opens on December 6, 2017, and closes on December 8, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Future Supply Chain IPO opens on December 6, 2017 and closes on December 8, 2017.
Future Supply Chain IPO lot size is 22 Shares, and the minimum amount required is ₹14,608.
You can apply in Future Supply Chain IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Future Supply Chain IPO will be done on Wednesday, December 13, 2017, and the allotted shares will be credited to your demat account by Thursday, December 14, 2017. Check the Future Supply Chain IPO allotment status.
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