Bookbuilding IPO | ₹1,844 Cr | Listed at BSE, NSE | Wed, May 9, 2018 - Fri, May 11, 2018
IndoStar Capital Finance IPO is a book build issue of ₹1,844.00 crores. The issue is a combination of fresh issue of 1.22 crore shares aggregating to ₹700.00 crores and offer for sale of 2.00 crore shares aggregating to ₹1,144.00 crores.
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 May 16, 2018. The shares got listed on BSE, NSE on May 21, 2018.
IndoStar Capital Finance IPO price band is set at ₹572 per share. The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,872 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,08,208, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,11,296.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to IndoStar Capital Finance IPO RHP for detailed Information.
IPO Open
Wed, May 9, 2018
IPO Close
Fri, May 11, 2018
Issue Price
₹572 per share
Market Cap (Pre-IPO)
₹5,213.15 Cr
| IPO Date | 9 to 11 May, 2018 |
| Listed on | Mon, May 21, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹570 to ₹572 |
| Issue Price | ₹572 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,22,37,762 shares (agg. up to ₹1,844 Cr) |
| Fresh Issue | 1,22,37,762 shares (agg. up to ₹700 Cr) |
| Offer for Sale | 2,00,00,000 shares of ₹10 (agg. up to ₹1,144 Cr) |
| Share Holding Pre Issue | 7,89,01,199 shares |
| Share Holding Post Issue | 9,11,38,961 shares |
| BSE Script Code / NSE Symbol | 541336 / INDOSTAR |
| ISIN | INE896L01010 |
IndoStar Capital Finance IPO comprises a total issue size of 3,22,37,762 shares. Out of which, 1,61,18,880 (50.00%) are allocated to QIB, 48,35,665 (15.00%) allocated to NII 1,12,83,217 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,61,18,880 | 50.00% | NA |
| − Anchor Investor Shares Offered | 96,71,328 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 64,47,552 | 20.00% | NA |
| NII (HNI) Shares Offered | 48,35,665 | 15.00% | NA |
| Retail Shares Offered | 1,12,83,217 | 35.00% | 4,33,969 |
| Total Shares Offered | 3,22,37,762 | 100.00% |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,872 |
| Retail (Max) | 13 | 338 | ₹1,93,336 |
| S-HNI (Min) | 14 | 364 | ₹2,08,208 |
| S-HNI (Max) | 67 | 1,742 | ₹9,96,424 |
| B-HNI (Min) | 68 | 1,768 | ₹10,11,296 |
IndoStar Capital Finance IPO raises ₹553.20 crore from anchor investors. IndoStar Capital Finance IPO Anchor bid date is May 8, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 8, 2018 |
| Shares Offered | 96,71,328 |
| Anchor Portion (₹ Cr.) | 553.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 15, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 14, 2018 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment capital base to meet future capital requirements | 658.27 |
| 2 | Offer related expenses | 41.73 |
| Total | 700.00 |
The IndoStar Capital Finance IPO is subscribed 6.65 times on May 11, 2018 4:30:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 16.08 | 64,35,086 | |
| NII | 6.91 | 48,42,106 | |
| Retail | 1.17 | 1,12,98,246 | |
| Total | 6.65 | 2,25,75,438 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment of fees to the BRLMs (including brokerage and selling commission) | 76.16 |
| 2 | Selling commission and processing fees for SCSBs | 1.33 |
| 3 | Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.35 |
| 4 | Fees payable to the Registrar to the Offer | 2.07 |
| 5 | Others: i. Listing fees, SEBI filing fees, book building software fees and other regulatory expenses; ii. Printing and stationery expenses; iii. Advertising and marketing expenses for the Offer; and iv. Miscellaneous expenses (including fees to legal counsel, auditors, chartered accountants etc.) | 26.04 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹572.00 | ₹572.00 |
| Open | ₹600.00 | ₹600.00 |
| Low | ₹578.50 | ₹579.10 |
| High | ₹606.30 | ₹606.80 |
| Last Trade | ₹585.50 | ₹586.10 |
Lead Manager Reports
IndoStar Capital Finance IPO is a main-board IPO of 3,22,37,762 equity shares of the face value of ₹10 aggregating up to ₹1,844 Crores. The issue is priced at ₹572 per share. The minimum order quantity is 26.
The IPO opens on Wed, May 9, 2018, and closes on Fri, May 11, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in IndoStar Capital Finance IPO using UPI as a payment gateway. Zerodha customers can apply in IndoStar Capital Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IndoStar Capital Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IndoStar Capital Finance IPO opens on Wed, May 9, 2018 and closes on Fri, May 11, 2018.
IndoStar Capital Finance IPO lot size is 26, and the minimum amount required for application is ₹14,872.
You can apply in IndoStar Capital Finance IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, May 18, 2018. Check the IndoStar Capital Finance IPO allotment status.
The IndoStar Capital Finance IPO listing date is on Mon, May 21, 2018.
