Future Ventures IPO : Files DRHP With SEBI

by khalid on 20/08/2010 · 4 comments

Mumbai based, Kishore Biyani-promoted, Future Ventures is planning second time to enter capital markets with a public issue aggregating upto Rs 750 crore for equity shares of face value Rs 10 each. Earlier, in the year 2008, the company had filed a prospectus, but did not come out with an offer. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The issue size of this IPO will be Rs 750 crore .

The IPO proceeds would be used for general corporate purposes, create build, invest in or acquire, and operate business ventures.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

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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