Shares of Future Supply Chain Solutions settled at Rs 685.80 on the BSE, a premium of 3.28% over the initial public offer price of Rs 664 on its debut on the stock exchanges today, 18 December 2017.
The stock debuted at Rs 674, a premium of 1.51% to the initial public offer (IPO) price. The stock had hit a high of Rs 698.70 and low of Rs 660.05 in intraday trade. On BSE, 9.30 lakh shares were traded on the counter.
Meanwhile, the S&P BSE Sensex advanced 138.71 points or 0.41% to settle at 33,601.68.
The IPO of Future Supply Chain Solutions ended on 8 December 2017. The issue was subscribed 7.56 times. The price band for the issue was fixed at Rs 660 to Rs 664 per share.
The company reported net profit of Rs 33.33 crore on revenue from operations of Rs 357.42 crore in the half year ended 30 September 2017.
Future Supply Chain Solutions (FSC) is one of the largest third-party logistics service providers in India. FSC services include automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers which includes retail, fashion and apparel, automotive and engineering, food and beverage, fast-moving consumer goods, e-commerce, healthcare, electronics and technology, home and furniture and ATMs.
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