IndoStar IPO - Schedule (Pg #377 of RHP) 02nd May - Price Band to be Announced 08th May - Anchor List 09th May - Offer Opens 11th May - Offer Closes 16th May - Finalisation of Basis of Allotment 17th May - Unblocking of ASBA 18th May - Credit to Demat Accounts 21st May - Listing on NSE & BSE IndoStar IPO - Issue Information * (TENTATIVE)* Issue Opens on: 09 May 2018 Issue Closes on: 11 May 2018 Issue Type: Book Built Issue IPO Issue Size: 3,07,69,231 Equity Shares Face Value: Rs 10 per Equity Share Issue Price: Rs.640 - Rs.650 per Equity Share Market Lot: 23 shares Listing At: NSE, BSE
IndoStar Capital Finance's initial public offering will open for subscription on 9 May.
The non-banking financial company is expected to raise around Rs2,000 crore through the IPO. The IPO comprises sale of new shares worth Rs700 crore and a sale of 20 million shares by existing shareholders. IndoStar plans to use the proceeds of the IPO to augment its capital base.
"Our company proposes to utilize the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements," the company said in its IPO document.
Investment banks JM Financial, Kotak Mahindra Capital Co., Morgan Stanley India Co., Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) Pvt. Ltd are managing the share sale.
IndoStar provides structured term financing solutions to corporates and loans to small and medium enterprises. It recently started offering vehicle and housing finance products
IndoStar Capital was started in 2011 by private equity investors Everstone Capital, Beacon India Fund, ACPI Investment Managers and CIDB Capital.
186. Pokemongo| Link| Bookmark|
April 25, 2018 7:40:37 PM
Top Contributor (400+ Posts, 300+ Likes)
If you had applied to all issues in March for only 1 lot.. today you will have 20 k profit in one month -
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Hi ....Any idea on Issue price of Nazara Technologies.?
181. Pokemongo| Link| Bookmark|
April 23, 2018 8:12:31 PM
Top Contributor (400+ Posts, 300+ Likes)
missed big time in the March IPOs.. een if all had subscribed to the ipos there would have been minimal loss and it would have been covered by mishra and lemon..
good analysis.... could you please post your calculation ! that will help alot to us.
180. Pokemongo| Link| Bookmark|
April 23, 2018 8:11:12 PM
Top Contributor (400+ Posts, 300+ Likes)
"IPOs will attract a lot of interest in the near future following last-year's trend. Most IPOs in FY18 had attractive pricing and barring a few most were successful. Currently, there is enough liquidity in the market and from a short and medium-term perspective, good IPOs do well in the current scenario," said Gaurang Shah, head investment strategist at Geojit Financial Services.
According to him, consumption, technology and auto ancillary- driven IPOs will be the top picks for FY19.
The initial public offering (IPO) market is gearing up for a burst of activity, with at least 12 companies planning to raise more than Rs17,000 crore over the next two months, after a quiet start to the June quarter. Experts attributed the introduction of the new Indian accounting standards (IndAS) as one of the reasons why IPO-bound companies have not approached the market so far this quarter. "Companies now have to move to the IndAS from the Indian GAAP (generally accepted accounting principles). So, for the fresh numbers that companies will put in the documents, they have to be audited under the IndAS and also the past stated numbers have to be stated according to the IndAS," said Girish Nadkarni, managing director at Motilal Oswal Investment Advisors Pvt. Ltd. "That is taking some time which is why you are seeing less activity post-March."
PNB MetLife Insurance to file for IPO by August !!
PNB MetLife Insurance is going ahead with its IPO plans, which were delayed on account of parent Punjab National Bank being hit by the Nirav Modi scam, and is likely to file its offer document in the first quarter. The company may be valued at over Rs 8,000 crore and promoters are looking to realise close to Rs 2,000 crore from the sale of shares.
No trap dear when Riis were not willing to buy it @ 56/- then why they should buy @ 100 or so moreover mgmt didn't get a single penny from OFS It Was WARBERG who got the moneythe point to be noted qibs have LOCkIN they can't sell it further. More when it get UNLOCKED who will buy their stake. U or me definately not then what will happen GOD knows the only data available with us is that by June 2021 it will be the largest. Mid deg hotel chain of India with OWN & LEASED @ 9000 rooms across India HAPPY INVESTING
Ever since Lemon Tree was listed on stock exchanges , the company has been releasing one positive news or the other or feeding the market with news that propel the stock price. This drives the retail investors make a beeline at the counter to buy the shares . and in turn that will offer an exit route to QIBs who had subscribed shares fully and received under subscribed portion of HNIs and retail investors in the recently concluded IPO. is it a trap for retail investors ?
Fundamentals do not apply. Technicals do not apply. ONLY apply arithmetic & Ur mind plz look the distribution of OFS I will notice that there is no stopping till 4th may 2018 Rate will be I don't know do Ur own homework also plz note that only 50 percent have been offered by Q IB in the recent OFS IF really want to earn money in the STK mkt than plz don't watch any hindi business news channel the maximum return given by recent ipos/OFS were downgraded by these channels plz give sometime to DATA reading
TCS nears scripting history of India's first company with $100 billion market capitalisation.
The share price of TCS needs to hit the Rs. 3448 level , in order to hit a market capitalisation $100 billion. This is roughly 2.5 times bigger than its nearest competitor Infosys, whose market stood at $38 billion at the time of writing this report.