2008 all set to be the Year of IPOs
2008 all set to be the Year of IPOs
Two IPOs - Future Capital Holdings and ICICI Securities - will hit the market in Jan.

New Delhi: 2008 can well be called the year of IPOs as there are more than 140 issues on offer.

Even though the limelight has been hogged by Anil Ambani's Reliance Power IPO, the largest in the country’s business history, there are other big ones that will hit the market in January itself.

Kishore Biyani led Future Group's Future Capital Holdings issue will have its subscriptions opening from January 11 onwards.

64.22 lakh shares will be up for grabs within the price brand of Rs 700 to 765 per share. The company is aiming to raise nearly Rs 450-490 crores from the offering.

The country’s largest private sector bank ICICI Bank is also set to list subsidiary ICICI Securities for offer, even though there is no confirmed date at the moment.

Brokerages value ICICI Securities at Rs 25-40 per share.

Presently, ICICI Securities is a 100% subsidiary of ICICI Bank.

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