Future Capital IPO Basis of Allotment

Future Capital IPO Details

Issue Open Jan 11, 2008
Issue Close Jan 16, 2008
IPO Price ₹765
Face Value ₹10
IPO Size ₹491.34 Cr
Listing At BSE, NSE
IPO Lot Size 8

Future Capital Holdings Ltd.
Ideas,investments Enterprise.

(Future Capital Holdings limited was inocorporated on October 18,2005 as KB Infin Private Limited, a private limited company under the Companies Act, 1956. For details of changes in the name and registered office of our company see the section titled"History and Certain Corporate Mattes" on page72 of the Prospectus.)
Registered Office and Corporate office: FCH House, Peninsula Corporate park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013. Tel: +91 22 403 6000; Fax: +91 22 4043 6068.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 6,422,800 EQUITY SHARES OF RS. 10 EACH OF FUTURE CAPITAL HOLDINGS LIMITED ("FCH" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 765 PER EQUITY SHARE OF RS. 10 EACH INCLUDING A SHARE PREMIUM OF RS. 755 PER EQUITY SHARE AGGREGATING Rs. 49,134.42 LACS (THE "ISSUE"). THE ISSUE CONSTITUTES 10.16% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE Rs. 765 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH. THE ISSUE PRICE IS 76.50 TIMES THE FACE VALUE.

In terms of Rule19(2)(b) of the Securities Contracts Regulations Rules, 1957("SCRR")as amended from time to time, this being an Issue for less than 25% of the post Issue capital, the issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated on a proportionate basis to the QIB Bidders. 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non- Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 1138493 applications for 846511648 equity shares resulting in 131.7979 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors are as under (Before technical rejections):

Category No. of Applications No. of Shares Subscription
Retail Bidders 1135843 100327656 52.0685
Non Institutional Bidders 2286 49995104 77.8400
Qualified institutional Bidders 364 696188888 180.6556
TOTAL 1138493 846511648 131.7979

Final Demand
The final demand at different bid prices is as under:

Bid Price

No. of Shares

% to Total

Cumulative Total

Cumulative %
to Total

700

3244536

0.3761

862636808

100.0000

701

728

0.0001

859392272

99.6239

702

384

0.0000

859391544

99.6238

703

56

0.0000

859391160

996238

704

104

0.0000

859391104

99.6237

705

1152

0.0001

859391000

99.6237

706

360

0.0000

859389848

99.6236

707

216

0.0000

859389488

99.6236

708

8

0.0000

859389272

99.6235

709

152

0.0000

859389264

99.6235

710

5472

0.0006

859389112

99.6235

711

88

0.0000

859383640

99.6229

712

80

0.0000

859383552

99.6229

713

280

0.0000

859383472

99.6229

714

112

0.0000

859383192

99.6228

715

2840

0.0003

859383080

99.6228

716

168

0.0000

859380240

99.6225

717

256

0.0000

859380072

99.6225

718

8

0.0000

859379816

99.6224

719

32

0.0000

859379808

99.6224

720

22264

0.0026

859379776

99.6224

721

112

0.0000

859357512

99.6199

722

24

0.0000

859357400

99.6198

724

112

0.0000

859357376

99.6198

725

45160

0.0052

859357264

99.6198

726

8

0.0000

859312104

99.6146

727

104

0.0000

859312096

99.6146

728

272

0.0000

859311992

99.6146

729

544

0.0001

859311720

99.6145

730

19632

0.0023

859311176

99.6145

731

680

0.0001

859291544

99.6122

732

2288

0.0003

859290864

99.6121

733

616

0.0001

859288576

99.6119

734

784

0.0001

859287960

99.6118

735

3041088

0.3525

859287176

99.6117

736

240

0.0000

856246088

99.2592

737

152

0.0000

856245848

99.2591

739

128

0.0000

856245696

99.2591

740

41896

0.0049

856245568

99.2591

741

104

0.0000

856203672

99.2542

742

144

0.0000

856203568

99.2542

744

136

0.0000

856203424

99.2542

745

5160

0.0006

856203288

99.2542

746

40

0.0000

856198128

99.2536

747

120

0.0000

856198088

99.2536

748

392

00000

856197968

99.2536

749

8

0.0000

856197576

99.2535

750

78168

0.0091

856197568

99.2535

751

256

00000

856119400

99.2445

752

40

0.0000

856119144

99.2444

753

24

0.0000

856119104

99.2444

754

104

0.0000

856119080

99.2444

755

33552

0.0039

856118976

99.2444

756

3208

0.0004

856085424

99.2405

757

152

0.0000

856082216

99.2402

758

448

0.0001

856082064

99.2402

759

32

0.0000

856081616

99.2401

760

40312

0.0047

856081584

99.2401

761

96

0.0000

856041272

99.2354

762

632

0.0001

856041176

99.2354

763

3424

0.0004

856040544

99.2353

764

7328

0.0008

856037120

99.2349

765

755194832

87.5449

856029792

99.2341

CUT OFF

100834960

11.6892

100834960

11.6892

TOTAl

862636808

The Basis of Allocation to the categories namely Retail Individuals Bidders, Non-Institutional Bidders and QIB Bidders was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on January 28, 2008.

A. Allocation to Retail Investors (After Technical Rejections)
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue Price of Rs 765 per Equity Share, was finalized in consultation with BSE. The category was over subscribed 50.759 times. The total number of shares allotted in this category is 1926840 Equity Shares. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applns.
% to
Total
Total No. of
Shares
Applied
% to
Total
No. of
Shares
Allocated
Ratio Total No.
of Shares
Allocated
8 64063 5.80 512504 0.52 8 1:51 10016
16 65073 5.89 1041168 1.06 8 2:51 20384
24 48640 4.40 1167360 1.19 8 1:17 22888
32 65037 5.89 2081184 2.13 8 4:51 40808
40 52129 4.72 2085160 2.13 8 5:51 40848
48 24391 2.21 1170768 1.20 8 2:17 22960
56 18108 1.64 1014048 1.04 8 7:51 19872
64 90305 8.18 5779520 5.91 8 8:51 113240
72 19568 1.77 1408896 1.44 8 3:17 27624
80 25678 2.33 2054240 2,10 8 10:51 40280
88 7893 0.71 694584 0.71 8 11:51 13616
96 18724 1.70 1797504 1.84 8 4:17 35248
104 9253 0.84 962312 0.98 8 13:51 18824
112 4299 0.39 481488 0.49 8 14:51 9392
120 15313 1.39 1837560 1.88 8 5:17 36032
128 575902 52.15 73715456 75.37 8 6:19 1454808

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional, who have bid at the Issue Price of Rs.765 per Equity Share, was finalized in consultation with BSE. The category was subscribed 75.874734 times. The total number of shares allotted in this category is 642280 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

Category No. of
Applns.
% to
Total
Total No. of
Shares
Applied
% to
Total
No. of
Shares
Allocated
Ratio Total No.
of Shares
Allocated
136 203 11.92 27608 0.06 8 2:9 360
144 54 3.17 7776 0.02 8 1:4 112
200 67 3.93 13400 0.03 8 1:3 176
208 13 0.76 2704 0.01 8 4:13 32
248 8 0.47 1984 0.00 8 3:8 24
256 75 4.40 19200 0.04 8 5:11 272
400 56 3.29 22400 0.05 8 9:14 288
424 1 0.06 424 0.00 8 FIRM 8
432 1 0.06 432 0.00 8 FIRM 8
2104 2 0.12 4208 0.01 28 FIRM 56
8400 2 0.12 16800 0.03 111 FIRM 222
8496 1 0.06 8496 0.02 112 FIRM 112
17640 1 0.06 17640 0.04 232 FIRM 232
144000 1 0.06 144000 0.30 1898 FIRM 1898
600000 1 0.06 600000 1.23 7908 FIRM 7908
653600 1 0.06 653600 1.34 8614 FIRM 8614
660000 1 0.06 660000 1.35 8699 FIRM 8699
915032 4 0.23 3660128 7.51 12060 FIRM 48240
1309832 1 0.06 1309832 2.69 17263 FIRM 17263
2615000 1 0.06 2615000 5.37 34445 FIRM 34445

C. Allocation to QIB Bidders

Allocation to QIBs have been done on a proportionate basis in consultation with the BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available 192684 and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares 3660996 on proportionate basis. The sectoral cap and other limits applicable to the holding of shares in company have been taken into account while allotting shares. Mutual Funds were allotted 5.00 % for QIB segment and other QIB applicants were allotted 95.00 % of the shares for QIB segment.

Category Fls/Banks MFs Flls Insurance
Companies
VCs Total
No. of Shares 590073 606320 2446349 209563 1375 3853680

The IPO Committee of the Board of Directors of the company at its Meeting held at Chennai on 29th January, 2008 has adopted the basis of allocation of shares of the Issue as approved by the BSE and has allotted the shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and notice has been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
These details of allotment made, would be hosted on the website of the Registrar to the Issue Intime Spectrum Registry Limited at www.intimespectrum.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Intime Spectrum Registry Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid-cum-Application Form, Number of Equity Shares bid for. Name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound
L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel: +91 22 2596 0320, Fax: +91 22 2596 0328
Email: fch.ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact Person : Sachin Achar
Tel: +91 22 25960320, Fax: +91 22 25960328

Place: Mumbai
Date: January 30, 2008
FOR FUTURE CAPITAL HOLDINGS LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director & Chief Executive Officer

Future Capital IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Future Capital IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Future Capital IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Future Capital IPO basis of allotment status?

    The Future Capital IPO basis of allotment (published above) tells you how shares are allocated to you in Future Capital IPO and category wise demand of IPO share.

    Visit the Future Capital IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Future Capital IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Future Capital IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).








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