 "IPO, Initial Public Offer")
The Rs 650-crore initial public offer (IPO) of Future Supply Chain Solutions opens for subscription today with a price band of Rs 660-664 per share. Promoters and PE investor, Griffin, will together sell 24.43% stake through the IPO, which closes on December 8. Of this, Future Enterprises will dilute up to 4.43% of equity, while Griffin Partners that held 40% in the company, will offload 20% of this stake.
In the run-up to the IPO, SSG Capital - the parent of Griffin Partners - had on November 20 sold 19.63 lakh shares aggregating to 4.9% stake to two Edelweiss
In the run-up to the IPO, SSG Capital - the parent of Griffin Partners - had on November 20 sold 19.63 lakh shares aggregating to 4.9% stake to two Edelweiss
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