The Future Ventures Company from the famous Kishore Biyani's Future Group who is known as the king of retail business in India, has come out with its IPO or Initial Public Offering or IPO which has opened today. Although there are still a few days for the IPO to open (on 25th April), there is a lot of buzz already in the market about this IPO.
In this article, we will look at the Review, Analysis and Details of the Future Ventures IPO and try to do the Review and analysis of Future Ventures IPO.
Future Ventures IPO: Review Analysis & Details
Some basic details first about the Future Ventures IPO, which are available as of now:
- The size of Future Ventures IPO is around 750 Crore Rs. INR
- The company is in the business of Organised Retail with the famous well-established and well recognized super store brands like Big Bazar, Pantaloons, etc.
- In the past also, the Futuer group has come out with successful IPO's for Pantaloon Retail (4 Crore IPO in 1992) and Future Capital Holding IPO for 400 Cr Rs. in 2008
- However, this Future Ventures IPO is for an investment company (as the name "ventures" suggest). It is reported that the money collected from this IPO will be used for investments in emerging areas of fashion and food
What are the primary reasons for Future Ventures to come out with the Future Ventures IPO?
The main reason for any company to come out with an IPO is to collect money from the public through the standard process of listing on stock exchanges.
The Future Ventures IPO is expected to collect around 750 Crore Rs.
The proceeds of this IPO will be used for providing capital for investments in food and fashion sectors of business.
What is the issue size of the Future Ventures IPO?
Around 750 Crore Rs is the size of the Future Ventures IPO.
What is the price band of Future Ventures IPO?
The price band for Future Ventures IPO is Rs. 10 to 11 Rs. per share. Minimum bid will be for 600 shares and in multiples of 600 shares after that.
How many shares will be sold in the Future Ventures IPO?
The total no. of shares to be sold through this IPO is not known.
What are the IPO dates for Future Ventures IPO
The IPO dates for Future Ventures IPO are from 25th April 2011 to 28 April 2011
How will the capital raised by Future Ventures IPO be used?
The capital raised through this IPO will be used for further expansion and to meet investments needs for expansion into new areas of business like fashion, food, etc.
Basically, being a "venture" comapny, this Future Ventures company makes investments in several other comapnies by picking up stakes in them. As of now it is reported to have stakes in 13 different companies. The money collected from this IPO will also be used to increase that stake and invest in new areas of business.
Other IPO's currently Open:
Innoventive Industries IPO
Muthoot Finance IPO
Any ratings given to Future Ventures IPO?
No info about that as of now - will be updated once we have the details.
What are the analysts recommendations and business results for Future Ventures IPO?
There are a few good points about the Future Ventures Company:
- The company is backed up with years of experience in the Indian Oraganised Retail space. Being teh pioneer on the retail front, the leadership potential of Future group is well established
- The company is reported to have received a mega food project in Karnataka
- Food and Fashion seems to be the area of focus and better profitable business opportunities for the company and the market as a whole
However, there are a few concerns as well:
With the interest rates rising, the inflation shooting up the roof and tight economical situation in the country and the world - these factors have a direct impact on the retail business. People should remember the 2008 time when everything went into problems. Although that is something that the entire market suffers, if there are such macro-economic problems.
Overall, the market experts are advising the investors to apply for this Future Ventures IPO.
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