Wednesday, April 27, 2011

Future Ventures IPO received poor response from QIB’s

Future Ventures IPO failed to impress Qualified Institutional Buyers (QIB) on its last day for investing in QIB category.

IPO received bid for 97,401,600 shares against allocated quota of 375,000,000 equity share for QIB’s. IPO subscribed 0.26 times in QIB category.

Public issue of Future Ventures Ltd will close for retail (RII) and Non Institutional Investor (NII) investors tomorrow, Thursday 28th 2011.

Most of the brokerage houses in India suggested retail investors to subscribe to this IPO. S P Tulsian, Aditya Birla Money, SBI Capital, Unicon Investment and ARM Research are among the analyst recommended to 'subscribe' to this IPO. MLR Securities and KR Choksey advises retail investors to stay away from this.

The day 3 bidding status of Future Ventures IPO is as below:

Qualified Institutional Buyers (QIBs): 0.26 Times
Non Institutional Investors: 5.13 Times
Retail Individual Investors (RIIs): 0.16 Times

Total: 0.95 Times

Visit Future Ventures IPO page for more detail.