The Rs 750 crore IPO of Future Ventures, a subsidiary of the Future Group led by Kishore Biyani, will open for subscription on Monday, April 25. It is the second big IPO post the Muthoot Finance in FY12.
The price band is set at Rs 10-11 a share for the issue, which closes on April 27 for qualified institutional bidders and on April 28 for retail and non-institutional bidders. In an interview with CNBC-Awaaz, Ashish Maheshwari of Globe Capital as well as Gaurav Jain, Director of Hem Securities advised subscribing the issue with long term perspective. Both experts do not see any wealth creation in the short term as well as on listing. With an eye-catching price tag, Investment Advisor SP Tulsian says, investors can apply for the issue as the share seems to have limited downside from face value while it has potential to be a low risk-high return bet, given IndiaDiscover 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!
