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Future Supply Chain shares rise 4.8% on trading debut post $101 million IPO

The issue had seen strong demand with investors bidding for nearly 7.5 times the shares on offer.

Reuters  |  MUMBAI 

Shares of Indian logistics provider Future Supply Chain Solution Ltd rose as much 4.8 per cent on their market debut after the company's 6.5 billion rupee ($101 million) initial public offering. By 0436 GMT, shares were trading at 680.35 rupees, 2.4 percent higher than their IPO issue price of 664 rupees. The main market index was up 0.4 percent. The issue had seen strong demand with investors bidding for nearly 7.5 times the shares on offer.

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First Published: Mon, December 18 2017. 10:29 IST
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