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IndoStar Capital Finance IPO is a book built issue of Rs 1,844.00 crores. The issue comprises of fresh issue of Rs 700.00 crore and offer for sale of 2 crore shares.
IndoStar Capital Finance IPO bidding started from May 9, 2018 and ended on May 11, 2018. The allotment for IndoStar Capital Finance IPO was finalized on Wednesday, May 16, 2018. The shares got listed on BSE, NSE on May 21, 2018.
IndoStar Capital Finance IPO price band is set at ₹570 to ₹572 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,872.
Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Motilal Oswal Investment Advisors Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the IndoStar Capital Finance IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to IndoStar Capital Finance IPO RHP for detailed information.
IPO Date | May 9, 2018 to May 11, 2018 |
Listing Date | May 21, 2018 |
Face Value | ₹10 per share |
Price Band | ₹570 to ₹572 per share |
Lot Size | 26 Shares |
Total Issue Size | 32,237,762 shares (aggregating up to ₹1,844.00 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹700.00 Cr) |
Offer for Sale | 20,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 78,901,199 |
Share holding post issue | 91,138,961 |
IndoStar Capital Finance IPO offers 22,575,438 shares. 6,435,086 (28.50%) to QIB, 4,842,106 (21.45%) to NII, 11,298,246 (50.05%) to RII. 434,547 RIIs will receive minimum 26 shares and (sNII) and (bNII) will receive minimum 364 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 6,435,086 (28.50%) | NA |
NII (HNI) Shares Offered | 4,842,106 (21.45%) | |
Retail Shares Offered | 11,298,246 (50.05%) | 434,547 |
Total Shares Offered | 22,575,438 (100%) |
IndoStar Capital Finance IPO opens on May 9, 2018, and closes on May 11, 2018.
IPO Open Date | Wednesday, May 9, 2018 |
IPO Close Date | Friday, May 11, 2018 |
Basis of Allotment | Wednesday, May 16, 2018 |
Initiation of Refunds | Thursday, May 17, 2018 |
Credit of Shares to Demat | Friday, May 18, 2018 |
Listing Date | Monday, May 21, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on May 11, 2018 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 26 | ₹14,872 |
Retail (Max) | 13 | 338 | ₹193,336 |
Lot Size Calculator |
Incorporated in 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. It recently expanded its portfolio to offer vehicle finance and housing finance products.
IndoStar conducts its retail operations through ten branches across Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Jaipur, Surat, Ahmedabad, Pune and Indore and central support office in Mumbai.
The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions. The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.
Strengths-
1. Strong SME lending businesses
2. A high-quality loan portfolio with low rates of Gross NPAs and Net NPAs.
3. Proven track record of delivering results. Between fiscal 2013 and 2017, the company's Total Credit Exposure and total revenue grew at a CAGR of 30.0% and 31.4%, respectively.
4. Access to best industry practices and international corporate governance standards due to institutional Promoter.
Particulars | For the year/period ended (in Rs. Millions) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 54,853.65 | 46,922.73 | 39,916.86 | 31,608.02 | 22,070.85 | |
Total Revenue | 7,155.42 | 6,413.79 | 5,280.56 | 3,969.05 | 2,415.77 | |
Profit After Tax | 2,090.38 | 1,910.16 | 1,490.65 | 1,121.36 | 900.94 |
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their share of the Offer related expenses. The Company will not receive any proceeds from the Offer for Sale
The Objects Of The Issue is to utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
[Dilip Davda] Issue appears fully priced. However, considering growth prospects for the segment it is in, investors may consider investment for long term. Read detail review...
The IndoStar Capital Finance IPO is subscribed 6.65 times on May 11, 2018 4:30:00 PM. The public issue subscribed 1.17 times in the retail category, 16.08 times in the QIB category, and 6.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 16.08 |
NII | 6.91 |
Retail | 1.17 |
Total | 6.65 |
Listing Date | May 21, 2018 |
BSE Script Code | 541336 |
NSE Symbol | INDOSTAR |
ISIN | INE896L01010 |
Final Issue Price | ₹572 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹572.00 |
₹600.00 |
₹578.50 |
₹606.30 |
₹585.50 |
NSE |
---|
₹572.00 |
₹600.00 |
₹579.10 |
₹606.80 |
₹586.10 |
IndoStar Capital Finance Limited
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013
Phone: + 91 22 4315 7000
Email: investor.relations@indostarcapital.com
Website: http://www.indostarcapital.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: indostar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
IndoStar Capital Finance IPO is a main-board IPO of 32,237,762 equity shares of the face value of ₹10 aggregating up to ₹1,844.00 Crores. The issue is priced at ₹570 to ₹572 per share. The minimum order quantity is 26 Shares.
The IPO opens on May 9, 2018, and closes on May 11, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The IndoStar Capital Finance IPO opens on May 9, 2018 and closes on May 11, 2018.
IndoStar Capital Finance IPO lot size is 26 Shares, and the minimum amount required is ₹14,872.
You can apply in IndoStar Capital Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IndoStar Capital Finance IPO will be done on Wednesday, May 16, 2018, and the allotted shares will be credited to your demat account by Friday, May 18, 2018. Check the IndoStar Capital Finance IPO allotment status.
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