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.
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.