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Future Supply Chain IPO: Fully Priced; Maintain Neutral -
Future Supply Chain IPO: Fully Priced; Maintain Neutral
Rudra Shares and Stock Brokers | Published: 06 Dec, 2017  | Source :


Issue Open : 06 Dec 2017 to 08 Dec 2017

Issue Type : Book Built Issue IPO

Face Value : Rs10 Per Equity Share

Issue Price: Rs660 - Rs664Per Equity Share

Market Lot : 22 Shares

Minimum Order Quantity: 22Shares

Listing At : NSE, BSE



The objects of the Offer for the Company are to:

-Achieve the benefit of listing the Equity Shares on the Stock Exchanges.

-Sale of Equity Shares by the Selling Shareholders.

-Enhance its stability and brand image and provide liquidity to its existing shareholders.


Future Supply Chain (FSC), promoted by Kishore Biyani- owned Future Enterprises, is one of India’s largest organized Third party logistics service operators.

Despite of the fact that company has good amount ofcash with negligible debt on books, diverse customer base 57 Strong parentage, however, considering its peers, the recently-listed Mahindra Logistics has a similar business model but generates strong revenue.

On the upper price band of Rs664 with estimated EPS of Rs18 ofFY18, P/E works out at 37x , which makes the issue fully priced. Therefore, we remain NEUTRAL for the IPO.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.