IndoStar Capital Finance IPO

IndoStar Capital Finance IPO

About IndoStar Capital Finance IPO

Journey of IndoStar Capital Finance IPO: IndoStar is a non-banking finance company “NBFC” registered with the Reserve Bank of India as a systemically important non-deposit taking company. We are a professionally managed and institutionally owned organization which is primarily engaged in providing structured term financing solutions to corporates and loans to small and medium enterprise “SME” borrowers in India. We recently expanded our portfolio to offer vehicle finance and housing finance products through our wholly-owned subsidiary IndoStar Home Finance Private Limited.

ABOUT IPO

Issue Open: May 9, 2018 – May 11, 2018
Issue Type: Book Built Issue IPO   »»  Face Value: Rs 10 Per Equity Share
Issue Price: Rs 570 – Rs 572 Per Equity Share
Market Lot: 26 Shares
Minimum Order Quantity: 26 Shares

Indostar Capital Finance Limited
*All investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.
Symbol INDOSTAR
Issue Period 09-May-2018 to 11-May-2018
Post issue Modification Period 12-May-2018 and 14-May-2018 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public offer of Fresh Issue upto Rs. 7000 million and an Offer for Sale upto 20,000,000 Equity Shares
Issue Type 100% Book Building
Price Range Rs 570 to Rs 572
Face Value Rs 10
Tick Size Re 1
Bid Lot 26 Equity Shares and in multiples thereof
Minimum Order Quantity 26 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers JM Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Motilal Oswal Investment Advisors Limited and Nomura Financial Advisory and Securities (India) Private Limited
Syndicate Members JM Financial Services Limited, Kotak Securities Limited and Motilal Oswal Securities Limited
Categories FI, IC, MF, FII, OTH, CO, IND and NOH
Name of the Registrar Link Intime India Private Limted
Address of the Registrar C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Contact person name number and Email id Shanti Gopalkrishnan, +91 22 4918 6200, indostar.ipo@linkintime.co.in
e-form link e-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form SCSB List
Ratios / Basis of Issue Price Click Here
Red Herring Prospectus Click Here
Bidding Centers Click Here
Sample Application Forms Click Here
Mock Parameters Click Here
Live Pre anchor Parameters Click Here

COMPANY MANAGEMENT

  • Dhanpal Jhaveri- Chairman and Non-Executive Director
  • Sameer SainNon-Executive Director
  • Alok OberoiNon-Executive Director
  • R. SridharExecutive Vice – Chairman and CEO
  • Dinesh Kumar Mehrotra- Non-Executive Independent Director
  • Hemant KaulNon-Executive Independent Director
  • Bobby ParikhNon-Executive Independent Director
  • Naina Krishna Murthy- Non-Executive Independent Director
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IPO REVIEWS

“The strong sponsorship of Everstone and other shareholders, along with a well-capitalised balancesheet and an experience and focused management, provide an excellent base for the next level of growth. Based on the above positive factors, we assign subscribe rating to the issue,” Angel Broking said in a note and recommends ‘Subscribe’

Hem Securities recommends ‘Subscribe’

Aditya Birla Capital recommends ‘Subscribe’

 

IIFL Wealth Management recommends ‘Subscribe’.

ICICI Direct recommends ‘Avoid’

Antique Broking recommends ‘Avoid’.

“Indostar has a highly motivated management team which has led them through an economic environment and has consistently grown their business since commencement of their operations”, Axis Capital said in a note.

As per Choice Broking, increase in the retailing may show a positive impact on the company but recommends ‘Avoid

“Valuation appears reasonable” As said by Business Standard in an article.

 

 

 CONTACT INFORMATION

Registered and Corporate Office: One Indiabulls Center, 20th Floor, Tower 2A, Jupiter Mills Compound, Senapati Bapat Marg, Mumbai 400 013, Maharashtra, India; Telephone: +91 22 4315 7000; Facsimile: +91 22 4315 7010 Contact Person: Jitendra Bhati, Company Secretary and Compliance Officer; Telephone: + 91 22 4315 7000; Facsimile: +91 22 4315 7010 E-mail: investor.relations@indostarcapital.com; Website: www.indostarcapital.com; Corporate Identity Number: U65100MH2009PLC268160

CLICK HERE FOR MORE INFORMATION ON UPCOMING IPO

2 Replies to “IndoStar Capital Finance IPO”

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