Future Ventures India Limited, a part of the Future Group, made a weak opening on the bourses on Tuesday and fell by 10 per cent on the NSE vis-a-vis the issue price of Rs 10 per share.
The stock opened at Rs 9 apiece, down 10 per cent from the issue price in morning trade on the National Stock Exchange (NSE).
In a similar fashion, the stock debuted at Rs 9.50, down 5 per cent from the issue price, on the Bombay Stock Exchange.
The stock closed the day at Rs 8.30, after trading between Rs 9.50 and Rs 7.95 on the BSE.
The company had entered the capital market with a price band of Rs 10-11 per share through a Rs 750 crore public issue.
It plans to utilise the IPO's proceeds to fuel acquisition plans in the FMCG, food and fashion segments.
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