indostar capital finance Ipo

Indostar Capital Finance Limited introduces its IPO soon to get listed on both of the Exchanges i.e. the National Stock Exchange and Bombay Stock Exchange. Interested clients can fetch relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates, Subscription details, application form & research recommendation etc. Indostar Capital Finance Limited has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Indostar Capital Finance IPO is scheduled for May 9, 2018 with a price band of Rs. 570-572 per equity share. The lot size of applying the IPO is for 26 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs. The company plans to raise Rs. 2000 crore.

Company profile:-

The company was incorporated on July 21, 2009 in Mumbai; India.It is one of the leading non banking finance company (NBFC) which is registered with the Reserve Bank of India. The firm has started to provide bespoke Indian Rupee denominated structured term financing solutions to corporate and loans to small and medium enterprise (―SME‖) borrowers in India. It has extended its business vertical offering finance and housing finance products.

The firm has four parts of its business for lending as below:-
1. Corporate Lending:- The company provides loans(i)to mid-to-large sized corporate in manufacturing, services and infrastructure industries, by way of senior secured debt, structured financing, promoter financing and special situation funding and (ii) to real estate developers, mainly for financing project level construction of residential and commercial building projects and take-out of early-stage equity investors.
2. SME Lending:- It gives loans for business purposes to small and medium size enterprises, including businessmen, traders, manufacturers and self-employed professionals.
3. Vehicle Finance:- It provides loans for the purchase of used or new commercial vehicles, passenger vehicles and two-wheeler’s.
4. Housing Finance:- It involves two business lines as (a) affordable housing finance (b) retail housing finance.

Positive Outlook of the Firm:-

  • Qualified and experienced working and management team;
  • A good brand image for SME lending businesses;
  • High asset quality achieved through robust credit assessment and risk management framework;
  • Strong and apparent track record of delivering results;
  • Offering diversified funding profile;
  • Acknowledgement and Ownership by institutional investors ensuring international corporate governance standards;

 

Objects Of The Issue:-

The objects of the Offer are to-

  • To utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
  • For general corporate purpose.

Summary Of Issue:

Issue Open:- May 9, 2018 – May 11, 2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 700.00 Cr 
Offer for Sale of 20,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value Rs. 10 Per Equity Share
Issue Price [Rs. 570 – Rs. 572) Per Equity Share
Market lots 26 Shares
Minimum Order Quantity 26 Shares
Listing At BSE, NSE

(*) indicates to be updated

Indostar Capital Finance Limited IPO Subscription Details

Sr.No. Category No. of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs)  6435086 103495314 16.08
2 Non Institutional Investors (NIIs)  4842106 33438704 6.91
3 Retail Individual Investors (RIIs)  11298246 16679234 1.48
  Total 22575438 153613252 6.80

Updated as on 11th May 2018 at 05:00 pm


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Important dates for Indostar Capital Finance IPO Allotment Status

  • The Allotment date for Indostar Capital Finance IPO issue is expected on May 16, 2018.
  • The amount will get unblocked on May 17, 2018
  • The Shares are expected to credit in DP accounts on May 17, 2018
  • The Shares of Indostar Capital Finance Limited is likely to get listed on May 18, 2018 on both BSE and NSE.

 


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How to check Indostar Capital Finance IPO Allotment Status

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Your IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Indostar Capital Finance IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

 


Download “Indostar Capital Finance Limited” IPO Application Form

From BSE: click here

From NSE: click here


 

demat-account-opening

 

Promoters Of the Company:-

Indostar Capital

Financials (Consolidated):-

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Equity & Liabilities 54,887.69 46,933.04 39,916.46 31,608.02
Total Revenue 7,199.17 6,440.50 5,280.56 3,969.05
Total Expenses 3,968.77 3,508.43 3,020.10 2,276.59
Profit After Tax (PAT) 2,107.95 1,916.42 1,490.37 1,121.32



Book Running Lead Managers Details:-

1) JM Financial Limited*

7th Floor,CnergyAppasahebMarathe Marg, Prabhadevi

Mumbai 400 025, Maharashtra, India

Telephone: +91 22 6630 3030

Facsimile: +91 22 6630 3330

E-mail: indostar.ipo@jmfl.com

Investor Grievance E-mail: grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact Person: PracheeDhuri

SEBI Registration No.: INM000010361

 

2) Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC Plot No. 27 ―G‖

Block BandraKurla Complex, Bandra (East)

Mumbai 400 051, Maharashtra, India

Tel: +91 22 4336 0000;

Fax: +91 22 6713 2447

E-mail: indostar.ipo@kotak.com

Investor grievance email: kmccredressal@kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

 

3) Morgan Stanley India Company Private Limited

18F, Tower 2, One Indiabulls Centre 841, SenapatiBapat Marg

Mumbai 400 013, Maharashtra, India

Tel: + 91 22 6118 1000

Fax: + 91 22 6118 1040

E-mail: indostar_ipo@morganstanley.com

Investor grievance e-mail: investors_india@morganstanley.com

Website: www.morganstanley.com/about-us/globaloffices/india

Contact person: SeshankaPalukuri

SEBI Registration No.: INM000011203

 

4) MotilalOswal Investment Advisors Limited

MotilalOswal Tower,

RahimtullahSayani Road Opposite Parel ST Depot, Prabhadevi

Mumbai 400 025, Maharashtra, India

Telephone: + 91 22 3980 4380

Facsimile: +91 22 3980 4315

E-mail: indostar.ipo@motilaloswal.com

Investor grievance E-mail: moiaplredressal@motilaloswal.com

Website: www.motilaloswalgroup.com

Contact person: Kristina Dias/ SubodhMallya

SEBI Registration No.: INM000011005

 

5) Nomura Financial Advisory and Securities (India) Private Limited

Ceejay House, Level 11 Plot F,

Shivsagar Estate, Dr Annie Besant Road, Worli

Mumbai 400 018, Maharashtra,

India Tel: +91 22 4037 4037

Fax: +91 22 4037 4111

E-mail: indostaripo@nomura.com

Investor grievance E-mail: investorgrievances-in@nomura.com

Website: www.nomuraholdings.com/company/group/asia/india/index.html

Contact Person: SumitSukhramani / SrishtiTyagi

SEBI Registration No.: INM000011419

 

Registrar To The Issue:-

Link Intime India Private Limited

C-101,1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West),

Mumbai 400 083, Maharashtra, India

Telephone: +91 22 4918 6200

Facsimile: +91 22 4918 6195

E-mail: indostar.ipo@linkintime.co.in

Investor grievance E-mail: indostar.ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration No.: INR000004058

Registered Office Details:- 

One Indiabulls Center, 20th Floor, Tower 2A,

Jupiter Mills Compound, SenapatiBapat Marg,

Mumbai 400 013, Maharashtra, India;

Telephone: +91 22 4315 7000;

Facsimile: +91 22 4315 7010

Contact Person: JitendraBhati,

Company Secretary and Compliance Officer;

Telephone: + 91 22 4315 7000;

Facsimile: +91 22 4315 7010

E-mail: investor.relations@indostarcapital.com;

Website: www.indostarcapital.com;

Corporate Identity Number: U65100MH2009PLC268160

 


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