But Biyani is being the braveheart and within a couple of weeks of listing Future Capital, he is now ready with the next IPO - Future Ventures' - Biyani's venture capital company.

The IPO size is pegged at Rs 2,000 crore and the group is hopeful of raising Rs 3,200 – 3,500 crore. The promoters will pump in Rs 1,200 – 1,500 crore.

When contacted, the company spokesperson told NDTV that it is not in a position to share details but confirmed that they intend to list Future Ventures.

Biyani had in an earlier interview said that Future Ventures will be critical to the company's supply chain business.

"Businesses like Future Venture will dominate the entire group's business. The business will help master the distribution and supply chain," said Kishore Biyani, CEO, Future Group.

Wockhardt and Emaar could not woo retail investors to come in and so the minimum subscription clause of 30 per cent was not fulfilled for their IPOs. But Biyani is confident of bringing in more than the mandated retail investors on board.

The question though remains that how will the company convince them about its track record since very little is known about what Future Ventures does.

Sources informed NDTV that while Future Capital focuses on private equity play of bigger size, Future ventures would focus on small deals worth $1 mn - $10 mn for regional retailers and consumer brands.

Ksihore Biyani is a man in hurry but could this go against him? The markets have known to tame those who try to time the market. Experts are uncertain about the environment for listing but for Biyani, after having taken a 15 year long break from the markets since Pantaloon listed, unlocking value is more about now than the future.

Source : NdtvProfit