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Future Supply Chain Solutions, the logistics arm of Kishore Biyani’s Future Enterprises, has announced a price band of ₹660-664 a share for its IPO, which will be open from December 6-8.
The ₹650-crore issue is an offer-for-sale by PE investor Griffin Partners and promoter company Future Enterprises that Ltd, who are together selling 24.43 per cent of the company’s post-offer equity.
Bids can be made in multiples of 22 shares. Edelweiss Financial Services, CLSA India, Nomura, IDFC Bank, IIFL Holdings and YES Securities are the bankers to the issue.
As of September 2017, the company ran contract logistics operations in 42 distribution centres, covering 3.84 million sq ft of warehouse space.
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