Future Capital IPO subscribed 16.88 times

The Initial Public Offering (IPO) of Future Capital Holdings Ltd has received subscription of 16.88 times till 2:00 PM on 15-January-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 108400720 equity shares against the offer of 6422800 shares. The issue has received bids for 20548520 equtiy shares at cut-off price.

The IPO closes for subscription on Wednesday - January 16, 2008.

Source : Equity Bulls

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