MUMBAI: Shares of Future Capital listed at Rs 1081, premium of Rs 316 or 41.3 per cent on the National Stock Exchange against issue price of Rs 765.
The stock however couldn’t sustain to its listing gains and drifted lower. At 9:58 am, it was at Rs 849, up 10.98 per cent or Rs 84. It touched a high of Rs 1081 and low of Rs 825 in trade so far. Around 10,88,871 shares were traded in the counter.
On the BSE, the stock opened at Rs 1044, premium of 36.47 per cent or Rs 279 on 9,47,506 shares. It touched a high of Rs 1100 and low of Rs 826.10.
The initial public offer of the company had received a good response from the investors as the issue was subscribed over 133 times.
The proceeds of the IPO will be utilised to fund the future capital requirements of the company for expansion of the retail financial services business.
Future Capital Holdings is the financial services arm of the Future Group led by Kishore Biyani.
The stock however couldn’t sustain to its listing gains and drifted lower. At 9:58 am, it was at Rs 849, up 10.98 per cent or Rs 84. It touched a high of Rs 1081 and low of Rs 825 in trade so far. Around 10,88,871 shares were traded in the counter.
On the BSE, the stock opened at Rs 1044, premium of 36.47 per cent or Rs 279 on 9,47,506 shares. It touched a high of Rs 1100 and low of Rs 826.10.
The initial public offer of the company had received a good response from the investors as the issue was subscribed over 133 times.
The proceeds of the IPO will be utilised to fund the future capital requirements of the company for expansion of the retail financial services business.
Future Capital Holdings is the financial services arm of the Future Group led by Kishore Biyani.
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