Future Supply Chain Solutions IPO
Future Supply Chain Solutions IPO — date, price band, lot size & details 2017
Future Supply Chain Solutions listed on 18 Dec 2017 at ₹664, flat to the ₹664 issue price.
Future Supply Chain Solutions is one of the largest third party logistics providers in India, offering automated warehousing, distribution and value added services. Its total income was Rs 576.99 crore in FY2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 06 Dec 2017
- Close 08 Dec 2017
- Allotment 13 Dec 2017
- Refund/credit 14 Dec 2017
- Listing 18 Dec 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 8 Dec, 2017 |
|---|---|
| Price Band | ₹660 – ₹664 |
| Face Value | ₹10 |
| Lot Size | 22 Shares |
| Issue Size | ₹649.7 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,608 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 22 shares at the ₹664 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 22 | ₹14,608 |
| Retail (max) | 13 | 286 | ₹1,89,904 |
| S-HNI (min) | 14 | 308 | ₹2,04,512 |
| S-HNI (max) | 68 | 1,496 | ₹9,93,344 |
| B-HNI (min) | 69 | 1,518 | ₹10,07,952 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 410.72 crore in FY2015 to Rs 576.99 crore in FY2017.
- 02Profit after tax rose from Rs 24.66 crore in FY2015 to Rs 45.75 crore in FY2017.
- 03EBITDA rose from Rs 63.94 crore in FY2015 to Rs 74.28 crore in FY2017.
- 04Net worth rose from Rs 217.78 crore in FY2015 to Rs 326.05 crore on 30 September 2017.
Risks · 5
- 01It is part of the Future Group, so group business volumes matter to it; total assets were Rs 575.70 crore.
- 02Total borrowing was Rs 79.69 crore on 30 September 2017.
- 03Logistics is competitive and capital intensive; profit was Rs 33.33 crore in six months to September 2017.
- 04The whole Rs 649.7 crore issue was an offer for sale, so none of it went to the company.
- 05Future Enterprises held 57.35% before the issue and 52.47% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Future Supply Chain Solutions offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 575.70 | 509.51 | 483.70 | 387.35 |
| Total Income | 365.20 | 576.99 | 528.47 | 410.72 |
| Profit After Tax | 33.33 | 45.75 | 29.43 | 24.66 |
| EBITDA | 56.18 | 74.28 | 69.94 | 63.94 |
| NET Worth | 326.05 | 292.81 | 247.24 | 217.78 |
| Reserves and Surplus | 286.92 | 253.67 | 208.10 | 178.64 |
| Total Borrowing | 79.69 | 73.54 | 80.30 | 51.97 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Future Supply Chain Solutions IPO will be updated shortly.
Future Supply Chain Solutions IPO Anchor Investors
16 anchor investors across 9 fund houses committed ₹194.91 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its services include automated and IT enabled warehousing, distribution and other logistics solutions.
It offers contract logistics such as warehousing and distribution, along with value added services such as kitting, bundling and packaging.
The IPO was Rs 649.7 crore and was entirely an offer for sale at Rs 664, the top of the Rs 660 to Rs 664 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Future Supply Chain Solutions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
YES Securities (India) Ltd
17 issues handledBest listing: IRCTC (+95.6%). Weakest: Bharat Dynamics (-13.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Future Supply Chain Solutions?
The current Grey Market Premium is ₹52.5, or 8% over the issue price.
What is the Future Supply Chain Solutions IPO price band?
₹660 to ₹664, on a face value of ₹10.
When is the allotment?
The basis of allotment is 13 December 2017, with listing on 18 December 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
