Contact Us | Log In
Search
Sensex: 33469.3 +219.00 Gold: Rs.28472.00
Nifty: 10316.8 +51.10 Silver: Rs.38076.00
Future Supply Chain IPO: Fully Priced; Maintain Neutral - IndiaNotes.com
Future Supply Chain IPO: Fully Priced; Maintain Neutral
Rudra Shares and Stock Brokers | Published: 06 Dec, 2017  | Source : IndiaNotes.com

THE OFFER


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

 

OBJECT OF THE OFFER


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.


VALUATION


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.

  Read full report Click here to read the full report


About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.

 

For more information please write in to editor@indianotes.com

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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.