Company Name : FUTURE CAPITAL HOLDINGS LTD

Issue Opens : 11 January, 2008
Issue Closes : 16 January, 2008
Expected Refund Date : 06 February, 2008

Issue Size : 6,422,800 (No. of Shares)

Price Bands
Lower Price Band (Rs) : 700
Upper Price Band (Rs) : 765
Total Size (Rs) : Rs. 491 Crores

Issue Allocation
Institutional: 3,853,680
HNI : 642,280
Retail : 1,926,840
Application Multiple : 8 and in multiples there off starting with atleast 8 shares
Maximum Shares : 128 (for Retail)

Cheque Drawn In Favour Of : "Escrow Account - FCH Public Issue - Resident" For HNI Bidders

Registrar to the Issue : Intime Spectrum Registry Ltd

Managers to the Issue : Kotak Mahindra Capital Company Ltd, Enam Securities Pvt Ltd & JM Financial Consultants Pvt Ltd

Information URL : FUTURE CAPITAL HOLDINGS LTD 

Company Details
Address : FCH House, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013.
Email : fch.legal@fch.in
Contact Details : 912240436000/ 912240436068 (fax)

Company Background:
Future Capital Holdings (FCHL) is promoted by Pantaloon Retail India Ltd., the flagship company of the Future Group, which is one of India’s leading organized multi-format retailers and focuses on consumption-led businesses in India. Future Capital is the financial services arm of the Future Group and its primary lines of businesses are investment advisory & asset management, retail financial services and research. The Future Group’s other businesses includes Future Capital, Future Media, Future Brands, Future Logistics and Future Bazaar.
FCH intends to leverage Future Groups deep understanding of the retail sector and the Indian consumer, and identify certain gaps in the market for retail financial services and develop its product and service offering to address those gaps. It follows a “ mentoring “ approach with regard to private equity investment advisory services. FCH will commence the distribution of financial products, including credit cards. FCHL has entered into an agreement with ICICI Bank for marketing and distribution of the “Future Card”. It also intends to become a corporate agent for Future Generali India Assurance Co. Ltd. for general insurance products and Future Generali India Insurance Co Ltd. for Life insurance products. FCH intends to become one of the leading retailers of financial products and services in India. FCH’s focus is on achieving a pan India geographic reach and becoming one of the leading retailers of financial products and services in India.
FCH’s three primary lines of business are investment advisory services, retail financial services and research.

Objective of the Issue
FCHL intends to grow its investment advisory base and assets under management and also enter into new sectors that are complimentary to its existing business. FCHL needs to augment capital base to meet future capital requirements for expansion of retail financial services business.

Key Financials for the year ended March 31, 2007 (consolidated basis)
Revenue Rs.390Mln, PAT Rs.35mln, EPS Rs.0.8 RoCE9.2%

Recommendation:
Strong brand, experienced management team, synergy with the Future Group and a deep understanding of the retail sector will enable the company substantially when operation ramp-up will be required. Apply Aggressively.

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