The scrip hit a low of Rs 825 and high of Rs 1081 in early trade. 21.9 lakh shares changed hands in the counter on NSE in early trade.
The current price of Rs 866 discounts its year ended March 2007 EPS of Rs 0.60, by a PE multiple of 1443.
Future Capital Holdings (FCH) had priced its IPO at Rs 765, at the top end of the Rs 700 to Rs 765 price band. At the IPO price of Rs 765, the issue was priced 1275 times its year ended March 2007 EPS of Rs 0.60 (based on consolidated financial performance).
The company`s IPO was subscribed a huge 133.44 times. The qualified institutional buyers (QIBs) portion was subscribed 180.72 times, the non-institutional investors portion 84.38 times and the retail investors portion 55.21 times.
FCH is the financial services arm of the Future Group. It is currently in three primary businesses: investment advisory services, retail financial services, and research.
On a consolidated basis, FCH reported net loss of Rs 12.43 crore on total income of Rs 31.27 crore in 6 months ended 30 September 2007. It reported net profit of Rs 3.49 crore on total income of Rs 38.99 crore in the year ended 31 March 2007.
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