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Future Capital Holdings Ltd IPO Reviews from IndiaInfoline - Subscribe

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Forum:Initial Public Offers (IPO's)
Posted By:Vikram Singh
Posted On:1/13/2008 10:10:10 PM
Reply Count:1
Last Update:11/29/2010 1:26:33 AM
Last Replier:Ankit Patni
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Vikram Singh
Registered User
Member Since:
Message Posted: 48
Topic Posted on 1/13/2008 10:10:10 PM

Future Capital Holdings Ltd IPO Reviews from IndiaInfoline - Subscribe

IndiaInfoline IPO Reviews

Future Capital Holdings Limited (FCHL) is the financial services arm of the Future Group that focuses on consumption-led businesses in India. It was established in the year 2005 and is promoted by Pantaloon Retail India Ltd (PRIL, the flagship company of the Future Group), Mr.Kishore Biyani (CEO and MD of PRIL) and Mr.Sameer Sain (a former MD of Goldman Sachs International). Its three primary lines of business are investment advisory and asset management, retail financial services and research. Och-Ziff, an international hedge fund, with over US$28bn in assets, has invested in the company.

Financial analysis
In FY07, revenues were at Rs390mn and PAT was at Rs35mn. Its operating margin stood at 21.1% and PAT margin at 9.0%. Income from operations consisted principally of advisory fees and research fees in FY07 and accounted for 87.4% of total income from operations. Though FCHL has achieved 80% of its FY07 revenue in H1FY08, it has posted a net loss of Rs124mn due to high operational cost.

Recommendation
With its three main businesses lines which include investment advisory services, consumer finance and research, FCHL is set to capitalize the opportunity prevailing in the retail financial services sector. Future Money, which was launched in June 2007, distributes financial products including consumption and personal loans. It intends to commence distribution of credit cards and insurance products. Though FCH is at its early stage, its promoters have the experience of shaping such business models into a success story. Hence investors can apply for listing gains as well as for the long term.
Ankit Patni
Anonymous User

Topic Posted on 9/10/2009 4:13:28 AM

Stay away from India Infoline
Hi,

I'm using India Infoline Dmat a/c from past 3-4 years. I do having strong portfolio. But I really want to aware other people about this company. Never ever go for this company's Dmat account.

I have faced one problem recently, in my Dmat account some negative balance was there (hardly for 2-3 hrs). Normally after closing the market I'll get reminder from India Infoline which say how much amount I need to transfer. I didn't got any negative balance mail and the trade terminal also was not showing that so I was in that impression that i have some amount in my account. But next day I morning I got call from my agent and he told Head office is selling your some of the share because you have negative balance in your account. Before that I could understand anything i ask him 20 min time to transfer some money. He told ok I'll request them to not to sell any share because you are making payment. but before that I could have make online payment this guy given me call back and told sorry sir, we already sold you share now please have the brake-up and update your book with current holdings.

I'm really wondering that i didn't got time to transfer the fun also. It's really cheating by India infoline with their customers.

I'm really requesting you to not to go for this company for any of the product. If you really want to know the case in details you may contact me.
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