IndoStar Capital Finance Limited IPO
Mainboard
₹ 14872 /26 Shares
09 May, 2018
Open Date11 May, 2018
Close Date17 May, 2018
Allotment Date21 May, 2018
Listing DateIPO Issue Details
- Issue Price Rs 570 - Rs 572 per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price 3,22,37,763 (Approx.) Equity Shares of Rs 10 with aggregating up to Rs 1844 Cr# Fresh Issue of 1,22,37,763 (Approx.) Equity Shares of Rs 10 aggregating up to Rs 700 Cr # Offer for Sale of 2,00,00,000 Equity Shares of Rs 10 aggregating up to Rs 1144 Cr
- Listing at NSE, BSE ( B - Group )
- Lead Manager JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Motilal Oswal Investments Advisors Pvt Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹570 - 572 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from May 9, 2018 and ends on May 11, 2018. The allotment for IPO will be finalized on May 17, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 21, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd, Motilal Oswal Investments Advisors Pvt Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd.
The IPO sets its price band at 570 - 572 for each share. A single application for IndoStar Capital Finance Limited IPO must contain at least 26 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 64,35,086 | 48,42,106 | 1,12,98,246 | 2,25,75,438 |
|
Day 1
09-05-18
|
1.28 x | 0.004 | 0.08 x | 0.41 x |
|
Day 2
10-05-18
|
1.80 x | 0.03 | 0.35 x | 0.69 x |
|
Day 3
11-05-18
|
16.08 x | 6.91 | 1.48 x | 6.80 x |
|
Day 4
21-03-18
|
N/A x | N/A x | N/A x |
Valuations
IPO - Issue Objectives
Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
Fresh Issue(a) Augmenting company's capital base to meet future capital requirements.(b) Issue related expenses
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| IndoStar Capital Finance Ltd | 2.17 | 24.73 | 11.08% | 719.92 |
| L&T Finance Holdings Ltd | 3.34 | 33.20 | 11.44% | 314.89 |
| Piramal Enterprises Ltd | 3.01 | 35.90 | 8.41% | 8737.40 |
| Aditya Birla Capital Ltd | 2.98 | 25.15 | 8.04% | 5885.87 |
| Capital First Ltd | 2.72 | 25.12 | 10.37% | 2800.86 |
| Shriram Trasport Finance Co. Ltd | 3.23 | 28.90 | 11.17% | 10,904.47 |
| Sundaram Finance Ltd | 4.09 | 28.79 | 14.19% | 5633.21 |
| Cholamandalam Investment and Finance Company Ltd | 6.28 | 37.77 | 16.63% | 4696.85 |
| Repco Home Finance Ltd | 3.51 | 21.50 | 16.32% | 1045.89 |
IPO - FAQs
Ans. IndoStar Capital Finance Limited IPO is a Mainboard IPO. The issue is priced at Rs 570 - Rs 572 per Equity 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 NSE, BSE ( B - Group ).
Ans. The IndoStar Capital Finance Limited IPO opens on May 9, 2018 and closes on May 11, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of IndoStar Capital Finance Limited IPO is 3,22,37,763 (Approx.) Equity Shares of Rs 10 with aggregating up to Rs 1844 Cr# Fresh Issue of 1,22,37,763 (Approx.) Equity Shares of Rs 10 aggregating up to Rs 700 Cr # Offer for Sale of 2,00,00,000 Equity Shares of Rs 10 aggregating up to Rs 1144 Cr.
Ans. The IndoStar Capital Finance Limited IPO price band is set between Rs 570 - Rs 572 per Equity Share.
Ans. To apply for IndoStar Capital Finance Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find IndoStar Capital Finance Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of IndoStar Capital Finance Limited IPO is May 17, 2018.
Ans. The IndoStar Capital Finance Limited IPO will be listed on May 21, 2018.
Ans. Follow the steps to check the IndoStar Capital Finance Limited IPO allotment status online.
