Future Capital Holdings, the financial services arm of the Future Group, has fixed the price band for its initial public offering between Rs 700 to Rs 765 per equity share.The issue will open on January 11 and close on January 16. A total of 64.23 lakh equity shares of Rs 10 each are on offer, which constitutes 10.16% of the post-issue paid-up capital of the company. The company will mop up a total of Rs 491 crore at the higher end of the price band.

At least 60% of the issue will be allocated on a proportionate basis to qualified institutional bidders (QIBs), Also, 5% of the QIB portion will be available for mutual funds. While non-institutional investors will have a share of 10% of the issue, retail investors’ segment is pegged at 30%.

The company was incorporated in 2005 and promoted by Pantaloon Retail India(PRIL). 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.

In June 2007, FCHL launched its retail financial services offering “Future Money”, with the objective of becoming one of the leading retailers of financial products and services in India.

Pursuant to an agreement with Pantaloon Retail India, FCHL has the exclusive right to provide financial products and services at present and future malls, stores and retail outlets in India which are owned, controlled or managed by Pantaloon Retail and its subsidiaries.

Presently, it has 95 Future Money outlets located in 26 cities across India, most of which are located within the retail stores of PRIL and its subsidiaries.

The equity shares are proposed to be listed on BSE and NSE. The book running lead managers to the issue are Kotak Mahindra Capital, Enam, JM Financial and UBS.

Source : India Times

Symbol – Series	FCH EQ
Issue Period	January 11, 2008 to January 16, 2008
Issue Size	6422800 Equity Shares
Issue Type	100% Book Building
Face Value	Rs. 10/-
Price Range	Rs 700 to Rs 765
Tick Size	Re. 1/-
Market Lot	8 shares
Minimum Order Quantity	8 shares
Maximum Subscription Amount for Retail Investor	Rs.100000
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Book Running Lead Manager	Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited, and UBS Securities India Private Limited
Syndicate Member	Kotak Securities Limited, Enam Securities Private Limited, and JM Financial Services Private Limited
Categories	FI, IC, VC, MF, FII, FVCI, SIDC, PF, PEF, MLA, BDFI, CO, IND, HUF, NRI, and OTH
No. of Cities with Bidding Centers	59
Inclusion in F&O Segment	Not Eligible
Name of the registrar	INTIME SPECTRUM REGISTRY LIMITED
Address of the registrar	C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West), Mumbai 400 078 India
Contact person name number and Email id	Contact Person Mr. Sachin Achar,Tel 91 22 2596 3838 ,Fax 91 22 2596 6969,Email fch.ipo@intimespectrum.com
Prospectus	Click Here
Application Form	Click Here

Source : NSE India

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