Business description – Future Supply Chain 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. The company’s service offerings, warehousing infrastructure, pan-India distribution network, “hub-and-spoke” transportation model and automated technology systems support its competitive market position. Its customers operate in various sectors across India, including retail, fashion and apparel, automotive and engineering, food and beverage, fast-moving consumer goods (“FMCG”), e-commerce, healthcare, electronics and technology, home and furniture and ATMs. The company offers its customers services in three key areas:
- Contract Logistics: warehousing, distribution and other value-added services;
- Express Logistics: point-to-point, less-than truck-load, time-definite transportation services; and
- Temperature-Controlled Logistics: cold-chain warehousing, transportation solutions and distribution of perishable products.
As of July 31, 2017, it ran contract logistics operations through 42 distribution centres across India, covering approximately 3.80 million square feet of warehouse space and also operating 2 distribution centres of its customers, covering approximately 0.37 million square feet of warehouse space. The company also utilises a “hub-and-spoke” distribution model comprising 14 hubs and 105 branches across India (including franchisees and 13 of which are co-located on the same premises as hubs), covering 11,228 pin codes across 29 states and 5 union territories as of July 31, 2017. Further, during July 2017, the company operated approximately 590 containerised vehicles, including 256 GPS-enabled vehicles of which 144 are refrigerated (reefer) trucks that are owned by it. Future Supply Chain also operates 9,529 pallets as a part of its temperature-controlled logistics services.
Promoters of Future Supply Chain – Future Enterprises Limited
| Future Supply Chain IPO details | |
| Subscription Dates | 6 – 8 December 2017 |
| Price Band | INR660 – 664 per share |
| Fresh issue | Nil |
| Offer For Sale | 9,784,570 shares (INR645.78 – 649.70 crore) |
| Total IPO size | 9,784,570 shares (INR645.78 – 649.70 crore) |
| Minimum bid (lot size) | 22 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Future Supply Chain’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 354.1 | 333.2 | 410.7 | 528.5 | 577.0 | |
| Total expenses | 353.7 | 326.3 | 373.9 | 483.9 | 518.8 | |
| Profit after tax | -4.2 | 4.2 | 24.7 | 29.5 | 45.6 | |
FY2013 and FY2014 figures are based on Indian GAAP accounting standards.
Financial figures for subsequent years are based on Indian Accounting Standards (Ind-AS).
Future Supply Chain Solutions Limited
7th Floor, 349 Business Point
Western Express Highway
Andheri (E), Mumbai 400 069
Phone: +91 22 6644 2200
Fax: +91 22 6644 2201
Email: [email protected]
Website: www.futuresupplychains.com
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Earnings Per Share (EPS): INR11.24
Price/Earnings (P/E) ratio: 58.72 – 59.07
Return on Net Worth (RONW): 15.6%
Net Asset Value (NAV): INR74.81 per share
Future Supply Chain IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,956,914 | 0.50 | 0.62 | 12.36 |
| NII | 1,467,686 | 0.18 | 0.66 | 11.15 |
| Retail | 3,424,600 | 0.26 | 0.83 | 2.93 |
| Total | 68,49,200 | 0.31 | 0.74 | 7.38 |
Future Supply Chain IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
IPO Opening Date: 6 December 2017
IPO Closing Date: 8 December 2017
Finalisation of Basis of Allotment: 13 December 2017
Initiation of refunds: 14 December 2017
Transfer of shares to demat accounts: 14 December 2017
Listing Date: 18 December 2017
Listing Price on NSE: INR664 per share (no change from IPO price)
Closing Price on NSE: INR686.35 per share (up 3.36% from IPO price)
ipo open’s on 5th
price is around 700/-
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