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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 ₹572.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,820 (26 shares). 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 Date | May 9, 2018 to May 11, 2018 |
| Listing Date | May 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹570 to ₹572 per share |
| Issue Price Final | ₹572 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,22,37,762 shares (aggregating up to ₹1,844.00 Cr) |
| Fresh Issue | 1,22,37,762 shares (aggregating up to ₹700.00 Cr) |
| Offer for Sale | 2,00,00,000 shares of ₹10 (aggregating up to ₹1,144.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,89,01,199 shares |
| Share Holding Post Issue | 9,11,38,961 shares |
IndoStar Capital Finance IPO offers total 3,22,37,762 shares. Out of which 1,61,18,880 (50.00%) allocated to QIB, 64,47,552 (20.00%) allocated to QIB, 48,35,665 (15.00%) allocated to NII, 1,12,83,217 (35.00%) allocated to RII and 96,71,328 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
IndoStar Capital Finance IPO opens on May 9, 2018, and closes on May 11, 2018.
| IPO Open Date | Wed, May 9, 2018 |
| IPO Close Date | Fri, May 11, 2018 |
| Tentative Allotment | Wed, May 16, 2018 |
| Initiation of Refunds | Thu, May 17, 2018 |
| Credit of Shares to Demat | Fri, May 18, 2018 |
| Tentative Listing Date | Mon, May 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 11, 2018 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company IndoStar Capital Finance IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Gross proceeds of the Fresh Issue | 700.00 |
[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...
| Listing Date | May 21, 2018 |
| BSE Script Code | 541336 |
| NSE Symbol | INDOSTAR |
| ISIN | INE896L01010 |
| Final Issue Price | ₹572 per share |
| BSE Listing Group | B |
IndoStar Capital Finance Ltd.
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013
Mumbai, Maharashtra
Phone: + 91 22 4315 7000
Email: investor.relations@indostarcapital.com
Website: http://www.indostarcapital.com/
MUFG Intime India Pvt.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 3,22,37,762 equity shares of the face value of ₹10 aggregating up to ₹1,844.00 Crores. The issue is priced at ₹572 per share. The minimum order quantity is 26.
The IPO opens on May 9, 2018, and closes on 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 May 9, 2018 and closes on 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 Friday, May 18, 2018. Check the IndoStar Capital Finance IPO allotment status.
The IndoStar Capital Finance IPO listing date is on Monday, May 21, 2018.
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