1. Future Supply Chain files IPO papers, to raise Rs 700 cr

Future Supply Chain files IPO papers, to raise Rs 700 cr

Future Supply Chain Solutions (FSCSL) has filed draft papers with markets regulator Sebi to raise an estimated Rs 700 crore through an initial public offering.

By: | New Delhi | Published: August 24, 2017 10:35 PM
Future Supply Chain Solutions, FSCSL, new ipo, food supply chain ipo The company has filed a Draft Red Herring Prospectus (DRHP) with Sebi for a public offer of up to 97,84,570 equity shares representing 25 per cent of the existing issued and paid up share capital of FSCSL, its promoter Future Enterprises said in a BSE filing.

Future Supply Chain Solutions (FSCSL) has filed draft papers with markets regulator Sebi to raise an estimated Rs 700 crore through an initial public offering. The company has filed a Draft Red Herring Prospectus (DRHP) with Sebi for a public offer of up to 97,84,570 equity shares representing 25 per cent of the existing issued and paid up share capital of FSCSL, its promoter Future Enterprises said in a BSE filing. The public issue comprises an offer for sale of up to 7,827,656 equity shares by Griffin Partners and up to 1,956,914 equity shares by Future Enterprises. Sources said the IPO is expected to garner Rs 700 crore. Future Supply Chain Solutions is part of Kishore Biyani’s Future Enterprise Ltd. The stock closed 2.10 per cent up at Rs 43.80 on BSE.

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