Future Capital IPO receives 8.69 times subscription

The Initial Public Offering (IPO) of Future Capital Holdings Ltd has received subscription of 8.69 times till 5:00 PM today (January 14, 2008) as per data available with the NSE website.

The IPO opened for subscription on January 11, 2008 and has received very good response from investors.

The IPO has received bids for 55801904 equity shares against the offer of 6422800 shares. The issue has received bids for 15153480 equtiy shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 10.3219 times with bids for 39777272 equity shares against the offer of 3853680 shares.

The Non Institutional Investors portion of the issue has received bids for 100504 shares against the offer of 642280 shares resulting in a subscription of 0.1565 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 8.2644 times with bids for 15924128 equity shares against the offer of 1926840 shares.

The IPO closes for subscription on January 16, 2008.

Source : Equity Bulls

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