Future Ventures India IPO opens for subscription

The Initial Public Offering (IPO) of Future Ventures India Limited has opened for subscription by investors on April 25, 2011. The company has come out with Public Issue of Equity Shares of Rs. 10/- each aggregating upto Rs.75000 lakhs for cash at a price band of Rs.10 to Rs.11 through 100% book building process.

The Minimum Order Quantity is 600 Equity Shares and in multiples of 600 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency CARE has assigned IPO Grading of IPO GRADE 3.

Enam Securities Private Limited, JM Financial Consultants Private Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue. Edelweiss Capital Limited and ICICI Securities Limited are the Co Book Running Lead Managers to the issue.

Kotak Securities Limited is the Syndicate Member to the IPO and Link Intime India Private Limited is the registrar to the company.

The IPO closes for subscription on Apr 28, 2011. For QIB bidders issue closes on Apr 27, 2011.

Source : Equity Bulls

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