Thursday, January 17, 2008

Future Capital IPO price set at Rs.765

Future Capital Holdings Ltd said on Thursday it has set a price of 765 rupees a share for its initial public offer (IPO).

Future Capital will raise around 4.91 billion rupees by selling 6.4 million shares.

Future capital is the financial services arm of the diversified Future Group, which promotes top retailer Pantaloon Retail India Ltd.

Future Capital IPO oversubscribed 132 times.

Post IPO, the equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.

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