The last IPO of Everstone backed S Chand had failed miserably which was richly priced. This time they have left something on table. Likely to list around 605
*IPO Listing on 21/05/2018 (Monday)* Company Name: *INDOSTAR CAPITAL FIN. LTD.* ISIN: *INE896L01010* NSE Symbol: *INDOSTAR* BSE Code: *541336* Issue Price: *Rs. 572/-* Lot: *26 Shares*
============== *STOCK TIGERS HAVE REVIEW IPO IN VERY EARLY STAGE OF IPO OPENED AND GIVEN SUBSCRIBE VIEW*
ONE CAN SEARCH GROUP AND FIND THE FUNDAMENTALS AND STOCK TIGERS VIEW
STOCK TIGERS BELIEVE THAT INDOSTAR WILL OPEN 600+ ON MONDAY AND CAN MAKE HIGH OF 670 AROUND..
STOCK TIGERS BELIEVE BOOK PROFIT ABOVE 640 TO 670 LEVELS
INDOSTAR EPS IS 26, AT LISTING PRICE OF 600, PE STAND AT 23, STILL REASONABLE WITH PEERS.. AND AT 650 PE WILL BE 25.
The strong sponsorship of Everstone and other shareholders, along with a well-capitalised balance sheet and an experience and focused management provide an excellent base for the next leg of growth.
Though market rumours is that Everstone Group-led consortium eyes partial exit via IndoStar Capital.
GOOD FOR MEDIUM INVESTMENT TARGET OF 700 AS EXPECTATION PLAN FOR RETAIL AND VEHICLE FINANCE STILL TAKE IT HIGHER LEVEL
STOCK TIGERS BELIEVE TO BOOK LISTING GAIN AT AROUND 640-670 LEVELS
VIEW ARE PERSONAL PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTMENT