Future Group is all set to get its second company listed. The company is expected to raise around Rs 2000 crore from the initial public offer. The nature of the company to be listed is not yet known but the group’s capital or the logistics businesses are most likely to be the ones.
At present, Pantaloon Retail is the Rs 4,000 crore group’s only listed company that operates in six verticals: retailing, capital, brands, space, media and logistics.
In the retail business, Pantaloon Retail is complemented by group companies, Indus League Clothing – which owns apparel brands Indigo Nation, Scullers and Urban Yoga – and Galaxy Entertainment, which operates Bowling Co, Sports Bar, F123 and Brew Bar.
Recently, the group launched Future Money, a consumer credit and financial supermarket format, and plans to offer insurance products through a joint venture with Italian insurance major, Generali.
Future Group will also launch KB’s Fair Price, a chain of discount stores where goods would be cheaper by 10 to 15 per cent. The shops will sell FMCG products, essentially Future Group’s private labels. The stores are expected to cater to the urban poor and will be non-AC stores for lesser operation costs.