Future Supply Chain moves ahead with IPO plans

Future Supply Chain Solutions, the subsidiary of domestic retail giant Future Group, has made preliminary moves for public enlisting by recently filing red herring prospectus with capital market regulator SEBI. The company is expecting to raise Rs 750 crore out of this public issue by offloading 97.84 lakh equity shares representing 25 per cent of the existing paid-up equity share capital of Future Supply Chain Solutions (FSCSL) in the market.

According to a news report, Future Group will be offloading about 5 percent of its equity in the IPO. Mauritius-based Griffin Partners, a private investor in the company, is expected to sell about 78.28 lakh equity shares or 20 percent of its equity in the company. Future Supply Chain is one of the largest supply chain players in the country offering tech enabled logistics services. The company is particularly known for its warehousing strength and is aligned to a variety of end-user industry – retail, fashion and apparel, automotive and engineering, food and beverages, fast-moving consumer goods, e-commerce, healthcare, etc.

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