The initial share sale of Future Supply Chain Solutions, the logistics arm of the Future Group, was subscribed 7.56 times at the end of the last day of the bidding today, stock exchange data showed.
The public issue, which looks to raise Rs 650 crore, received bids for over 5.17 crore shares against the total issue size of more than 68.49 lakh scrips, a subscription of 7.56 times, data available with the National Stock Exchange (NSE) till 2030 hours showed.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 12.36 times, high net worth individuals 11.15 times and retail investors 3.17 times till 1830 hours, investment banking sources said.
The IPO received nearly 4 lakh applications.
Future Supply's initial public offer (IPO) opened for public subscription on December 6 at a price band of Rs 660- 664 per share.
On Tuesday, the company had raised Rs 195 crore from anchor investors.
The issue comprises sale of 97,84,570 equity shares, amounting to 24.43 per cent stake, by Future Enterprises and private equity investor Griffin Partners.
Edelweiss Financial Services, CLSA India, Nomura Financial Advisory and Securities (India) Pvt Ltd, IDFC Bank, IIFL Holdings and Yes Securities (India) Ltd are the book running lead managers to the offer.
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