Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Future Ventures, An IPO Gone Awry

12 May 2011Deepak Shenoy1 min read

Quick Facts

What is "Future Ventures, An IPO Gone Awry" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 12 May 2011.
How long does this article take to read?: 1 min read
What topics does this article cover?: FLFL

A recent IPO at the face value of 10 - which was as good as Gold dust - has been dissapointing. Future Ventures, a Biyani Group company, has seen it’s price fall all the way to 8.70 in two days.

FUTUREVENT Chart

The fall has been cushioned partly by promoter-owned Pantaloon Retail buying nearly 1 crore shares at Rs. 8 or whererabouts.

Very few of the IPOs have done well this year, the notable exceptions being Lovable Lingerie (up 50%) and Sudar Garments (up 60%). Most of the others are down, with Acropetal losing 65%, PTC Financials down 30% and even the recently listed Muthoot Finance just below it’s IPO price.

Not that other years are better, but that’s a story for a different post.