Future Ventures IPO received poor response from QIB's (0.26 times on last day for QIB subscription). Issue subscribed 0.95 times in total

Incorporated in 1996, Future Ventures India Ltd is part of Future Group (led by Kishore Biyani and owners of Future Bazaar, Pantaloons, Central, Big Bazaar, Food Bazaar, Home Town and E-zone).

Future ventures India Ltd is in the business of creating, building, acquiring, investing in and operating innovative and emerging businesses in consumption-led sectors in India. Within the consumption-led sectors, Future ventures has primary focus on opportunities in the business segments of Fashion, FMCG, Food Processing, Home Products, Rural Distribution and Vocational Education.

As of date, company has 13 Business Ventures, six of which are its subsidiaries. Company believes in applying a disciplined investment approach and building strong partnerships with management and promoters.

Company Promoters:

The Promoters of the company are:

Individual Promoter: Kishore Biyani

Corporate Promoters:
1. Future Capital Investment Private Limited;
2. Future Corporate Resources Limited (erstwhile PFH Entertainment Limited);
3. Future Knowledge Services Limited;
4. Pantaloon Industries Limited; and
5. Pantaloon Retail (India) Limited.

Objects of the Issue:

The objects of the Issue are:

1. To create, build, invest in or acquire, and operate Business Ventures;
2. For general corporate purposes; and
3. To meet the issue expenses and achieve the benefits of listing on the Stock Exchanges.

Issue Detail:

»» Issue Open: Apr 25, 2011 - Apr 28, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 750.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 10 - Rs. 11 Per Equity Share
»» Market Lot: 600 Shares
»» Minimum Order Quantity: 600 Shares
»» Listing At: BSE, NSE

Future Ventures India Ltd IPO Grading

CARE has assigned an IPO Grade 3 to Future Ventures IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Read Future Ventures IPO Grading Report

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