FUTURE CAPTIAL HOLDING - IPO Update

IPO: Future Capital Holdings LimitedIssue Period: Jan 11 to Jan 16
Price Range: Rs.700 to Rs.765
Minimum Mkt Lot: 08 shares
Offer Size: Rs.450-491 crore
Recommendation: Subscribe (For Listing Gains)
Grade: Above Average
Expected Gains on Listing Day (in percentage terms): 40% to 65%**
Expected Range of Listing Price: Rs.1060 to 1260
Chances of winning Allotment: Reasonable (in Retail category)
Sector: Financial Services
Bid for: cut-off price

Recommendation:

This company cannot be directly compared with any of its listed peers due its unique mix of busines model & structure. Though, we feel that the company is richly valued for a start-up business at this point in time. But we also feel that this IPO will provide investors an interesting opportunity for smart listing gains. Hence we recommend investors to subscribe to this issue for listing gains.