The Kishore Biyani led Future Group saw its subsidiary, Future Ventures India slip on debut today. The company had fixed the issue price at the lower end of the price band of Rs 10-11 a share, following lukewarm response. The stock, however, went down 9% after opening at Rs 9.
The IPO of Future Ventures had been subscribed 1.52 times. The QIB portion was subscribed 0.26 times, while the Non Institutional Investors portion was subscribed 7.81 times. The retail investorDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
