New Delhi, Dec 18 (PTI) Shares of Future Supply ChainSolutions, the logistics arm of the Future Group, listed witha premium of 1.50 per cent against its issue price of Rs 664.
The stock debuted at Rs 674, reflecting a gain of 1.50per cent from the issue price on BSE. It later rose by 4.66per cent to Rs 695.
At NSE, shares of the company listed at Rs 664.
In terms of equity volume, 5.19 lakh shares of thecompany were traded on BSE and over 30 lakh shares changedhands at NSE during the morning trade.
The company's Rs 650-crore public issue was open forsubscription from December 6-8.
The price band for the initial public offer (IPO),subscribed more than 7.5 times, was fixed at Rs 660-664.
The issue comprised 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 were the globalcoordinators and book running lead managers to the offer.
PTI SUMANU.
This is unedited, unformatted feed from the Press Trust of India wire.