Future Ventures IPO : Settled at 18.00% discount on debut

by khalid on 12/05/2011 · 0 comments

Mumbai based, Kishore Biyani-promoted, Future Ventures Limited’s shares got debuted at Rs 9.00, a discount of 10% over its initial public offering (IPO) price of Rs 10.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 8.20 which is a discount of huge 18.00% over the issue price of Rs 10.00. The stock hit a high of Rs. 9.65 and low of Rs. 7.90 on the listing day 10th May 2011. A total of 174,748,460 shares changed hands on the NSE. Future Ventures Limited is in the business of creating, building, acquiring, investing in and operating innovative and emerging businesses in consumption-led sectors in India.

Listing day Summary :-
Listing Date: 10th May 2011
BSE Scrip Code : 533400
Listing In : ‘B’ Group of Securities
ISIN : INE220J01017
Issue Price : Rs. 10.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 10.00
Open : Rs. 9.00
High : Rs. 9.65
Low : Rs. 7.90
Close : Rs. 8.20
Last Trade : Rs. 8.20

Future Ventures Limited has raised Rs 750.00 crore through an initial public offering of 750,000,000 equity shares.

Stay tuned to BelltheBull Blog for more news on Future Ventures Limited !

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