Future Supply Chain Solutions Ltd is planning to raise Rs. 650 crore via IPO. The company proposes to open an IPO on Wednesday, December 6, 2017, an initial public offering of up to 9,784,570 equity shares of face value of Rs 10 each.
The offer closes on Friday, December 8, 2017.
The price band for the offer is fixed from Rs 660 to Rs. 664 per equity share.
The Global Co-ordinators & Book Running Lead Managers (“GCBRLMs”) to the Offer are Edelweiss Financial Services Limited, CLSA India Private Limited and Nomura Financial Advisory & Securities (India) Private Limited. The Book Running Lead Managers to the Offer are IDFC Bank Limited, IIFL Holdings Limited and YES Securities (India) Limited.
The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), through the Book Building Process wherein not more than 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company, in consultation with the Selling Shareholders and the Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.