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You are here : IndiaNotes >> Research & Analysis >> IPOs >> Future Supply Chain Solutions IPO

All that you need to know about Future Supply Chain Solutions IPO

Hem Securities | 06 Dec, 2017  | Follow Author | Add to my Favourites 
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Co is  one of India’s largest  organised third-party logistics service operators, according to the A&M Report. Co  offer automated  and  IT-enabled  warehousing,  distribution  and  other  logistics solutions to a wide range of customers.  Co’s  service offerings,  warehousing  infrastructure,  pan-India  distribution  network,  “hub-and-spoke”  transportation  model  and  automated  technology  systems  support  co’s  competitive  market  position.


Co’s  customers operate in various sectors across India, including  retail,  fashion  and  apparel,  automotive  and  engineering, food  and  beverage,  fast-moving  consumer  goods  (“FMCG”),  ecommerce,  healthcare,  electronics  and  technology,  home  and furniture  and  ATMs.  Co’s  distribution  centres  and  delivery  network  form  a  supply  chain  system  across  India.  As  of  September  30,  2017,  co  run  its  contract  logistics  operations  through 42 distribution centres across India, covering appro ximately  3.84  million  square  feet  of  warehouse  space  and  also  operate  2  distribution  centres  of  its  customers,  covering  approximately 0.37 million square feet of warehouse space.  Co  is promoted by Future Enterprises Limited, which is promoted by  Kishore Biyani.


Valuation


Company  is  bringing  the  issue  at  price  band  of  Rs  660-664/share  at  P/E  multiple  of  almost  40  on  post  issue  annualized H1FY18  eps.  Co being one  of the largest service providers with  an extensive network of facilities in a fast-growing third-party  logistics market  is looking attractive for long term investment. Hence we recommend “Subscribe” on issue for long term .


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About Hem Securities
The Hem Securities is one of the leading broking Network in India. It provides trading platform in all the leading exchanges namely - BSE, NSE, MCX , NCDEX & MCX-SX. Their mission is to build wealth for their investors by offering them best financial services through trading & investment strategies and honoring commitment with ethical & transparent business practices.

For more information please write in to [email protected]
Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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