Future Capital Holdings (FCHL), the financial services arm of the Future Group, is the first listed stock in the year 2008. The stock surged to a high of Rs 1081 before closing the day at Rs 909.80, premium of 18.93% over its offer price of Rs 765. It has been remained in the range of Rs 825-900 for the whole day.
It opened at Rs 1081 on the NSE and touched a low of Rs 825. It traded with volumes of 1,25,42,842 shares and turnover was at Rs 1104 crore.
On the BSE, the stock started the day at Rs 1044 and touched a high/low of Rs 1100 and Rs 826.10, respectively. It ended at Rs 908.20, with volumes of 88,82,244 shares.
Samir Sain, CEO of Future Capital Holdings, sees a scale up in business over the next two years. The revenues from consumer finance and distribution business is likely to come in three years. They plan to set up 500-700 outlets in 3-4 years.
The company had come out with its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each at a price band of Rs 700-765 per share. The issue was subscribed to approximately around 133 times.
Source: Moneycontrol.com
Showing posts with label Future Capital Holdings IPO. Show all posts
Showing posts with label Future Capital Holdings IPO. Show all posts
Friday, February 1, 2008
Monday, January 28, 2008
Future Capital Holdings to list on February 1
The first public issue of calendar 2008, Future Capital Holdings (FCHL), the financial services arm of the Future Group, will create several records when it lists on the stock exchanges on February 1, within 11 working days from the day of issue closing.
The company and the registrars will start sending out the refunds from January 29, which is eight working days from the day of issue closing.
The company has set the tone for speedy process of refunds by reducing the time-lag for the refund process for IPOs in calendar 2008.
Due to the speedy process, an amount of Rs 16,000 crore will be pumped back into the market and the liquidity will improve
The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process.
The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer.
The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
The company and the registrars will start sending out the refunds from January 29, which is eight working days from the day of issue closing.
The company has set the tone for speedy process of refunds by reducing the time-lag for the refund process for IPOs in calendar 2008.
Due to the speedy process, an amount of Rs 16,000 crore will be pumped back into the market and the liquidity will improve
The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process.
The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer.
The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
Friday, January 25, 2008
Future Capital Holdings to list on February 1
The first public issue of calendar 2008, Future Capital Holdings (FCHL), the financial services arm of the Future Group, will create several records when it lists on the stock exchanges on February 1, within 11 working days from the day of issue closing.
The company and the registrars will start sending out the refunds from January 29, which is eight working days from the day of issue closing.
The company has set the tone for speedy process of refunds by reducing the time-lag for the refund process for IPOs in calendar 2008.
Due to the speedy process, an amount of Rs 16,000 crore will be pumped back into the market and the liquidity will improve
The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process.
The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer.
The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
The company and the registrars will start sending out the refunds from January 29, which is eight working days from the day of issue closing.
The company has set the tone for speedy process of refunds by reducing the time-lag for the refund process for IPOs in calendar 2008.
Due to the speedy process, an amount of Rs 16,000 crore will be pumped back into the market and the liquidity will improve
The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process.
The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer.
The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
Thursday, January 3, 2008
Future Cap Holdings sets IPO price band at Rs 700-765/sh
Future Capital Holdings (FCHL), the financial services arm of the Future Group, has fixed the price band between Rs 700 and Rs 765 per equity share for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
The company has filed its red herring prospectus with the Registrar of Companies, Mumbai, and is expected to hit the capital market in mid-January 2008. The issue would constitute 10.16% of the post-issue paid-up capital of the company.
FCHL was incorporated in 2005 and promoted by Pantaloon Retail (India) (the flagship company of the Future Group), its Managing Director Mr Kishore Biyani, and Mr Sameer Sain (a former Managing Director at Goldman Sachs International). One of the investors in the company is Och-Ziff, a prominent international fund.
FCHL's three primary lines of business are investment advisory services, retail financial services and research. Currently, the two main retail financial services products are consumption loans and personal loans. FCHL will also commence in the near future the distribution of financial products, including credit cards. It has entered into an agreement with ICICI Bank for marketing and distribution of the "Future Card", a credit card offering loyalty points.
The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
The company has filed its red herring prospectus with the Registrar of Companies, Mumbai, and is expected to hit the capital market in mid-January 2008. The issue would constitute 10.16% of the post-issue paid-up capital of the company.
FCHL was incorporated in 2005 and promoted by Pantaloon Retail (India) (the flagship company of the Future Group), its Managing Director Mr Kishore Biyani, and Mr Sameer Sain (a former Managing Director at Goldman Sachs International). One of the investors in the company is Och-Ziff, a prominent international fund.
FCHL's three primary lines of business are investment advisory services, retail financial services and research. Currently, the two main retail financial services products are consumption loans and personal loans. FCHL will also commence in the near future the distribution of financial products, including credit cards. It has entered into an agreement with ICICI Bank for marketing and distribution of the "Future Card", a credit card offering loyalty points.
The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
Source: Moneycontrol.com
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