Future Capital Holdings to come out with IPO

The issue would constitute around 10.16 per cent of the post-issue paid-up capital of the company.

MUMBAI: Future Capital Holdings (FCH), the financial services arm of the Kishore Biyani-led Future group on Friday said it has filed its draft prospectus with market regulator SEBI for its proposed public issue.

FCH proposes to come out with an issue of 64.228 lakh equity shares of Rs 10 each through the 100 per cent book-building method, a company release said here today.

The issue would constitute around 10.16 per cent of the post-issue paid-up capital of the company.

The book-running lead managers to the issue are Kotak, Enam, J M Financial and UBS.

FCH was incorporated in 2005 and is promoted by Pantaloon Retail India Ltd, the flagship company of the Future group. It has several prominent investors including Och-Ziff, an international fund with over $28 billion in assets.

FCH's primary lines of business are investment advisory and asset management, retail financial services and research.
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