Future Capital Holdings Ltd.
Ideas,investments Enterprise.

(Future Capital Holdings limited was inocorporated on October 18,2005 as KB Infin Private Limited, a private limited company under the Companies Act, 1956. For details of changes in the name and registered office of our company see the section titled"History and Certain Corporate Mattes" on page72 of the Prospectus.)
Registered Office and Corporate office: FCH House, Peninsula Corporate park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013. Tel: +91 22 403 6000; Fax: +91 22 4043 6068.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 6,422,800 EQUITY SHARES OF RS. 10 EACH OF FUTURE CAPITAL HOLDINGS LIMITED ("FCH" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 765 PER EQUITY SHARE OF RS. 10 EACH INCLUDING A SHARE PREMIUM OF RS. 755 PER EQUITY SHARE AGGREGATING Rs. 49,134.42 LACS (THE "ISSUE"). THE ISSUE CONSTITUTES 10.16% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE Rs. 765 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH. THE ISSUE PRICE IS 76.50 TIMES THE FACE VALUE.

In terms of Rule19(2)(b) of the Securities Contracts Regulations Rules, 1957("SCRR")as amended from time to time, this being an Issue for less than 25% of the post Issue capital, the issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated on a proportionate basis to the QIB Bidders. 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non- Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 1138493 applications for 846511648 equity shares resulting in 131.7979 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors are as under (Before technical rejections):

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation to the categories namely Retail Individuals Bidders, Non-Institutional Bidders and QIB Bidders was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on January 28, 2008.

A. Allocation to Retail Investors (After Technical Rejections)
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue Price of Rs 765 per Equity Share, was finalized in consultation with BSE. The category was over subscribed 50.759 times. The total number of shares allotted in this category is 1926840 Equity Shares. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional, who have bid at the Issue Price of Rs.765 per Equity Share, was finalized in consultation with BSE. The category was subscribed 75.874734 times. The total number of shares allotted in this category is 642280 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

C. Allocation to QIB Bidders

Allocation to QIBs have been done on a proportionate basis in consultation with the BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available 192684 and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares 3660996 on proportionate basis. The sectoral cap and other limits applicable to the holding of shares in company have been taken into account while allotting shares. Mutual Funds were allotted 5.00 % for QIB segment and other QIB applicants were allotted 95.00 % of the shares for QIB segment.

The IPO Committee of the Board of Directors of the company at its Meeting held at Chennai on 29th January, 2008 has adopted the basis of allocation of shares of the Issue as approved by the BSE and has allotted the shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and notice has been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Intime Spectrum Registry Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid-cum-Application Form, Number of Equity Shares bid for. Name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound
L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel: +91 22 2596 0320, Fax: +91 22 2596 0328
Email: fch.ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact Person : Sachin Achar
Tel: +91 22 25960320, Fax: +91 22 25960328

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF FUTURE CAPITAL HOLDINGS LIMITED.

(Not for Circulation outside India)