Kishore Biyani-promoted Future Capital Holdings (FCHL) has managed to get listed today at Rs. 1081 on the NSE, at 41.3% premium. The stock was up by Rs. 316 from its issue price of Rs 765. The stock markets have witnessed a lot of selling pressure as the new listings were also expected to face pressure due to low investor interest.

On the Bombay Stock Exchange, the stock opened at Rs 1044, premium of 36.47 % or up by Rs 279.

The public issue of the company had received over 11.71 lakh applications and bids for 85.7 crore equity shares against 64.22 lakh shares on offer. The issue was subscribed nearly 133 times.

The issue had opened for subscription on Jan. 11, 2008, and closed on Jan. 16, 2008.

FCHL is currently into investment advisory services, retail financial services and research. The company was incorporated in 2005 and promoted by Pantaloon Retail India Ltd (PRIL), the flagship company of the Future Group.

The proceeds of the IPO will be utilized to fund the future capital requirements of the company for expansion of the retail financial services business.

The stock however couldn’t sustain to its listing gains and ended the day at Rs. 910 on NSE, up Rs. 145 or 19%. The stock touched intraday high and low of Rs. 1081 and Rs. 825 respectively.