Future Ventures IPO : CARE gives 3 out of 5 Grade

by khalid on 19/04/2011 · 1 comment

Mumbai based, Kishore Biyani-promoted, Future Ventures IPO has got 3 out of 5 by CARE (rating agency) and this rating/grading is Average fundamentals for a consumption-led businesses IPO. The grade 3 indicates that the fundamentals of the IPO are Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of — Equity Shares of Rs 10 each. The premium of the issue will be decided through a 100% Book Building Process. The company will raise around Rs 750 crore through this IPO. Future Ventures is a part of the Future Group, promoted by Kishore Biyani and it focuses on consumption-led businesses.

Book running lead managers to the issue are JM Financial, Enam Securities and Kotak Mahindra Capital.

Registrar of the Issue : Link Intime (India).

Stay tuned to BelltheBull Blog for more on Future Ventures IPO !

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