Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open this week, adding to what has been a record year for initial share sales in the country. Griffin Partners and India's Future Enterprises Ltd , shareholders of Future Supply Chain Solutions, will sell up to 9.8 million shares in a price range of 660 rupees to 664 rupees each in the IPO that will be open for subscription from December6 to December 8, according to a public notice.
At the upper end of the price band, the IPO will raise about 6.50 billion rupees. Meanwhile, hospital operator Shalby Ltd is also seeking to raise up to 4.8 billion rupees by selling new shares in a price range of 245-248 rupees in the IPO that will be open for subscription between December 5 and December7, according to a public notice.
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