COMPANY BACKGROUND

Future Supply Chains Limited is one of India’s largest organised third-party logistics service operators, according to the A&M Report. It offers automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Its customers operate in various sectors across India, including retail, fashion and apparel, automotive and engineering, food and beverage, fastmoving consumer goods (“FMCG”), e-commerce, healthcare, electronics and technology, home and furniture and ATMs.

The Company believes that its business model enables them to act as a service provider that can comprehensively cover its customers’ supply chain needs. It provides solutions that enable its customers to leverage its distribution network and which, it believes, optimises the performance, cost and efficiency of their supply chains, shortening their lead-time to market.

The Company offers its customers services in three key areas:

  • Contract Logistics: warehousing, distribution and other valueadded services;
  • Express Logistics: point-to-point, less-than truck-load, timedefinite transportation services; and
  • Temperature-Controlled Logistics: cold-chain warehousing, transportation solutions and distribution of perishable products.

Issue Highlights

Issue Opens

Wednesday, December 06, 2017

Issue closes

Friday, December 08, 2017

Price Band

Rs. 660/- to Rs.664/-

Issue Size

Up to 9,784,570 Equity Shares

Bid Lot

22 Equity Shares and in multiples thereafter

Face Value

Rs. 10/- per share

Listing

NSE / BSE

Registrar

Link Intime India Private Limited

Payment

Compulsorily ASBA Mode

Issue Break up

Category Issue Size Allocation Shares Issue Size Lower Band(Rs.in Crs) Issue Size Upper Band(Rs.in Crs)
QIB 50% 48,92,284 322.89 324.85
NIB 15% 14,67,686 96.87 97.45
Retail 35% 34,24,600 226.02 227.39
Total 100% 97,84,570 645.78 649.7

 

Object of the Issue

The Offer comprises an Offer for Sale by the Selling Shareholders.

The Offer for Sale

Each of the Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares after deducting its portion of the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer for Sale. The objects of the Offer for the Company are to achieve the benefit of listing the Equity Shares on the Stock Exchanges and for the sale of Equity Shares by the Selling Shareholders. Further, the Company expects that listing of Equity Shares will enhance its stability and brand image and provide liquidity to its existing shareholders.

Retail payment chart - Future Supply Chain Solutions Limited

No. of Shares Cut off price per share Rs. 664 Total Amount (Rs.)
22 664 14,608
44 664 29,216
66 664 43,824
88 664 58,432
110 664 73,040
132 664 87,648
154 664 1,02,256
176 664 1,16,864
198 664 1,31,472
220 664 1,46,080
242 664 1,60,688
264 664 1,75,296
286 664 1,89,904