Business Daily from THE HINDU group of publications
Saturday, Feb 02, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Feb 02, 2008 ePaper | Mobile/PDA Version |
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Markets
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IPOs Our Bureau Mumbai, Feb. 1 Future Capital Holdings Ltd, the financial services arm of the Future Group, made its debut on the bourses today. The stock listed at a premium of 41.30 per cent at Rs 1,081 against the issue price of Rs 765 on the NSE. On the BSE, it listed at a premium of 36.47 per cent at Rs 1,044. Consumer credit
On the NSE the stock opened at Rs 1,081, which was also its intra-day high and went to a low of Rs 825, before closing at Rs 909.80. On the BSE, it opened at Rs 1,044 touching a high of Rs 1,100 and a low of Rs 826.10, before closing at Rs 908.20. Total quantity traded was 1.25 crore shares in case of the NSE and 88 lakh shares in case of the BSE. The company had come out with its initial public offering of 64.22 lakh equity shares of Rs 10 each at a price band of Rs 700-765 per share. The issue was subscribed around 133 times. The proceeds from the initial public offering would be deployed in the company’s consumer credit business, Future Money, which was launched in June 2007. More Stories on : IPOs | Financial Services
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