Future Supply Chain Solutions IPO fully subscribed

The initial public offering (IPO) by Future Supply Chain Solutions was fully subscribed on the final day of the bidding process.  By 5 p.m., the issue received bids for 22.84 million shares, which was 3.34 times the issue size of 6.85 million shares. The Rs 6.5 billion IPO is priced at Rs 660-Rs 664 per share. On offer is a mix of fresh shares by promoters Future Enterprises, which will lead to a dilution of 4.43 per cent of their stake, as well as an offer-for-sale by private equity investor Griffin Partners aggregating 20 per cent of equity.