Sunday, 24 April 2011

FUTURE VENTURES INDIA LIMITED ----> An IPO from a company with good Pedigree

FVIL a company from the Future group managed by the famous Kishore Biyani is coming out an IPO of 750 crores through 100 % book building process. Price range has been fixed as Rs10 to Rs 11. Issues opens for subscription on 25 April and closes on 28 April. Care has assigned a grade of “3” which indicates average fundamentals to this IP0. FVIL has kept the price band relatively at a lower side even though the name “Future” commands a very good premium.






Even though their business plan is not very clear , i advice the investors to go for this IPO because of the track record of the management as well as the business names associated with this group like Pantaloon Retail,Future Media,Future Brands, Future supply Chain and Future Bazaar,Central,Big Bazaar,Food Bazaar , Home Town , E- Zone etc etc . According to me you will get more than 100 % appreciation from this issue provided you sell immediately on listing.

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