Future Capital IPO receives 27.04 times subscription

The Initial Public Offering (IPO) of Future Capital Holdings Ltd has received subscription of 27.04 times till 8:00 PM today (January 15, 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 173651104 equity shares against the offer of 6422800 shares. The issue has received bids for 28085480 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 35.0537 times with bids for 135085872 equity shares against the offer of 3853680 shares.

The Non Institutional Investors portion of the issue has received bids for 9089080 shares against the offer of 642280 shares resulting in a subscription of 14.1513 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 15.2977 times with bids for 29476152 equity shares against the offer of 1926840 shares.

The IPO closes for subscription on January 16, 2008.

Source : Equity Bulls

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