New Delhi, Dec 7 (PTI) The initial public offer of FutureSupply Chain Solutions, the logistics arm of the Future Group,was subscribed 72 per cent at the end of the second day ofbidding today.
The public issue, which targets to garner Rs 650 crore,received bids for over 49.62 lakh shares against the issuesize of more than 68.49 lakh scrips, a subscription of 72 percent, data available with the National Stock Exchange (NSE)showed.
Future Supply's IPO opened for public subscriptionyesterday and will continue till tomorrow, at a price band ofRs 660-664 per share.
Over one lakh applications have been received so far.
The category for qualified institutional buyers wassubscribed 63 per cent, high-networth individuals 66 per centand retail 83 per cent.
On Tuesday, the company had raised Rs 195 crore fromanchor investors.
The issue comprises sale of 97,84,570 equity shares,amounting to 24.43 per cent stake, by Future Enterprises andprivate equity investor Griffin Partners.
Edelweiss Financial Services, CLSA India, NomuraFinancial Advisory and Securities (India) Pvt Ltd, IDFC Bank,IIFL Holdings and Yes Securities (India) Ltd are the bookrunning lead managers to the offer. PTI VRNABM.
This is unedited, unformatted feed from the Press Trust of India wire.