Future Ventures India IPO garners subscription of 1.52 times

The Initial Public Offering (IPO) of Future Ventures India Limited has received subscription of 1.52 times. The company came out with a Public Issue of Equity Shares of Rs. 10/- each for cash at a price band of Rs.10 to Rs.11 aggregating upto Rs. 75000 lakhs.

The IPO has received total bids for 1137653400 equity shares against the offer of 750000000 equity shares. The issue received bids for 141456600 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.26 times with bids for 97401600 equity shares against the offer of 375000000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 878828400 equity shares against the offer of 112500000 equity shares resulting in a subscription of 7.81 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of just 0.61 times with bids for 161128200 equity shares against the offer of 262500000 equity shares.

Source : Equity Bulls

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