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IndoStar Capital Finance Limited IPO (IndoStar Capital Finance IPO) Detail

May 9, 2018 - May 11, 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.

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.

Company Promoters:

The Promoter of the Company is Indostar Capital. The Promoter was incorporated as a private company limited by shares under the laws of Mauritius. The principal activity of Indostar Capital is investment holding. It holds 71,102,635 Equity Shares, representing 90.37% of the issued, subscribed and paid-up equity share capital of the Company.

The board of directors of the Promoter comprises of the following persons:
(1) Alok Oberoi;
(2) Atul Kapur;
(3) Deepak Shahdadpuri;
(4) Lorrance Brooks Entwistle;
(5) Amit Manocha;
(6) Soraj Bissoonauth;
(7) Anisha Poonyth;
(8) Sanjoy Chatterjee; and
(9) Marie Francoise Krin Chin Chung Kee Mew (permanent alternate director to Sanjoy Chatterjee).

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: May 9, 2018 - May 11, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  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 Lot: 26 Shares
  »»  Minimum Order Quantity: 26 Shares
  »»  Listing At: BSE, NSE

IndoStar Capital Finance IPO Reviews / Recommendations:

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IndoStar Capital Finance IPO Subscription Status / Live Bidding Status

IndoStar Capital Finance IPO Subscription Status tells if IndoStar Capital Finance IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. IndoStar Capital Finance IPO oversubscribed if bids are received for more shares than what is offered by the company.

IndoStar Capital Finance IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved6,435,0864,842,10611,298,24622,575,438
Day 1 - May 9, 2018 17:00 IST1.28470.00150.08170.4071
Day 2 - May 10, 2018 17:00 IST1.80270.03040.34480.6869
Day 3 - May 11, 2018 16:30 IST16.08226.90561.16956.6505

IndoStar Capital Finance IPO Prospectus

IndoStar Capital Finance IPO Rating

Rating:Rated 4.0 stars

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IndoStar Capital Finance IPO Listing Date

  •   ›  Listing Date: Monday, May 21, 2018
  •   ›  BSE Script Code: 541336
  •   ›  NSE Symbol: INDOSTAR
  •   ›  Listing In: B
  •   ›  ISIN: INE896L01010
  •   ›  Issue Price: Rs 572 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

Issue Price:
Last Trade:
Rs 572.00
Rs 600.00
Rs 578.50
Rs 606.30
Rs 585.50
Rs 572.00
Rs 600.00
Rs 579.10
Rs 606.80
Rs 586.10

IndoStar Capital Finance IPO News Alerts

  1. Monday, May 21, 2018 12:00:00 AM
    IndoStar Capital Finance IPO Listing Date & Info
  2. Thursday, May 17, 2018 12:00:00 AM
    IndoStar Capital Finance IPO Allotment Status
  3. Friday, May 11, 2018 12:00:00 AM
    IndoStar Capital Finance IPO Closes on May 11, 2018
  4. Wednesday, May 9, 2018 12:00:00 AM
    IndoStar Capital Finance IPO Opens on May 9, 2018

Company Contact Information

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
Fax: +91 22 4315 7010

IndoStar Capital Finance IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969

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IndoStar Capital Finance IPO Review / Comments

736. Satoshi Nakamoto  May 27, 2018 4:20:13 PM IST I Like It. 1 | Report Abuse Reply
On 31st May by poll results will be out across 8 states, also its may expiry. Expect volatility, trade cautiously.
735. lake city  May 25, 2018 12:10:22 PM IST I Like It. 1 | Report Abuse Reply
experts what's your veiw on capacite infra at this level of 277 is it good buy on this level
735.1. Satoshi Nakamoto  May 26, 2018 5:49:36 PM IST I Like It. 7 | Report Abuse
Its a good entry point to start accumulating. However i wont be surprised to see levels of 220 in coming months.
734. harit  May 24, 2018 10:02:10 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Sharp fall 3โ„…
734.2. harit  May 24, 2018 10:30:06 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Any reason??
734.3. harit  May 25, 2018 11:37:34 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Falling Today also
Any negative news?
When market down on mon-wednesday
It was up
Now market positive
It's down
Anyone can explain?
733. Aniketiaf  May 25, 2018 8:34:03 AM IST I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 3000+ Likes)
Uber is preparing for an IPO .
It may come in 2019.
732. Pratik pawala  May 24, 2018 1:37:39 PM IST I Like It. 5 | Report Abuse Reply
Friends any news about upcoming ipo
731. IPO super analyst  May 24, 2018 9:30:42 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Board meeting on MAY30
731.1. harit  May 24, 2018 9:35:03 AM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
What should we expect??
Still hold 4 lots
731.2. IPO super analyst  May 24, 2018 11:10:24 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Good result on the way...see the previous track record.
It will consolidate for for next three days..then boom on 30
730. R R Patel  May 21, 2018 8:28:23 PM IST I Like It. 35 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 2700+ Likes)
A very good article in Economic Times for new comers in stock market. Must read it.

Smoking may kill you in 20 years, but trading in stock futures can kill you the next day.
By Vijay Kedia, May 21, 2018, 01.19 PM.

From being nowhere in 1990 to the world-class infrastructure for securities trading that we have today and Sebi putting up a robust regulatory mechanism, it has been an impressive journey.

What is not impressive is the fact that the advantage of all this modern infrastructure and systems has mainly gone to four intermediaries, the regulators and exchanges themselves besides, of course, the tax department and brokers. The traders at large were poor back then and have still remained poor. Only a handful of them have become successful in this journey, that also in investing, not trading. Success percentage in trading is hardly 1 per cent.

Why? Because, it's not in our DNA. We learn things three ways: by birth when it comes in our DNA; in our childhood through school curriculum or as a culture at home; and by observing the world, reading books and watching others in our youth.

Our ancestors lost their fortunes in stock market; that is why in many old industrial houses even investment is banned, forget trading. They look down upon the stock market. How do you expect them to teach their children? So we did not have it in our DNA nor were taught at home or school or colleges.

When I was watching the movie Udta Punjab, I was really moved to know how the youth of one of our bravest communities is being ruined. After some time in the movie , I realised this is what exactly is happening even in our stock market in the name of trading.

Trading is the biggest addiction. No less than drug. You will sell your house to buy drugs and trade to recover your losses.

During a speech I delivered at IIM Ahmedabad, a student told me he wanted to use his father's pension to trade in stock market. I held his hand and asked him to promise me he would not do that. My wife's English teacher, now in her 60s, is asking me whether she should allow her son to use her savings in the stock market. I was shocked!

It is something like giving a gun in the hand of an innocent person.

Sebi should not allow stock trading, unless one has done a course etc. Hard training is a must before one starts trading. Else, all the intermediaries and their employees will keep on becoming arabpatis and crorepatis and 99 per cent of traders will keep on struggling even for their livelihood.

For a starter, the best way to become a millionaire through trading is to trade with a billion. Trading is a different ball game. It cannot be learnt without experiencing losses. And to sustain till you have learnt it fully, it requires big discipline which again needs to be learnt systematically. It's a process. It is impossible for a new person to learn it by reading books.
Trading is injurious to your wealth.

You can lose 50 years' of savings in one trade. Today, majority of broker ads, TV channels and technical analysts are encouraging and luring youth into trading. It is a recipe for disaster. Buy at Rs 65, stop loss Rs 60, target Rs 70. Even god can't predict that. They are fooling people to generate their business and income in the name of the liquidity.

Wanting to be crorepati in the shortest time is the biggest reason for failure in the stock market.

People often confuse between investing and trading. In investing always remember Rome was not built in a day and in trading always remember Hiroshima and Nagasaki were destroyed in a day.

Market rewards you as per your perception. If you treat it as a gambling den, then it will prove a gamble for you, and the best place to go would be Goa, not stock market.

Before punching any trade, remember you have four above-mentioned dependents to feed before you feed yourselves. So, protection of your capital should be top priority and it is the biggest gain of your capital.

In earlier days in Calcutta Stock Market at Lyons Range, people used to say only four Hindi alphabets can make money in trading ie TA, THA, DA, DHA, NA - TA means Taruni (jobber), Tha means thoda small quantity), DA means dalal (broker), DHA means dhanwan (wealthy) and NA means no payment (Who can refuse to pay losses). See if you fall in any of these categories.
Being fully dependent on futures trading will make you inactive in life and cripple your other businesses. Plus, you are most likely to turn a blood pressure patient at an early age. So chose your life carefully. The purpose of our life is to be happy.
730.3. KRB  May 22, 2018 2:20:38 PM IST I Like It. 8 | Report Abuse
R R Patel

This article is good for only eading purpose.

In bull market people like Porinju come with tips and in market correction value investor like kedia come to show you other side.

Both are chest thumpers and should be ignored.

A retail in order to become investor needs money and only intelligent trading can help achieve that.
We dont get insurance premium like buffet nor monthly salary like mutual fund managers.

Think like Rakesh Jhunjhunwala and trade with patience. That is only way to success in stock market and then become investor.

Futures trading has changed many lives but needs to be disciplined and greed has to he overcome.

Life without trading is like life without different beautiful girls around you.

A regular trader knows the pulse of the market.
730.4. Accurate  May 24, 2018 8:04:40 AM IST I Like It. 2 | Report Abuse
Indo star will fall
I wonder how much the companies cook up their books, so that even when months pass on like morbid shadows, their SEBI clearance for IPOs expire, yet they cannot adjust to IND AS and launch the offer... Hats off to pathetic auditors too for their evergreen performance!
728. shub mehta  May 23, 2018 11:12:32 AM IST I Like It. 2 | Report Abuse Reply
Any news about new IPO
Waiting eagerly for varroc and sea foods IPOs, give a miss to PSUs...
Are you sure? Might not hit in short term, game begins on Friday...
726. CA nkn  May 23, 2018 11:53:12 AM IST I Like It. 2 | Report Abuse Reply
short term target - 650
725. NarenGoud  May 22, 2018 2:40:32 PM IST I Like It. | Report Abuse Reply
Volumes are high today, shall we carry it till Friday? Anyone know short term target?
725.1. sonal patel  May 22, 2018 7:21:35 PM IST I Like It. 12 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 600+ Likes)
Yeah...for Friday target is 625 to 635 ..
724. Solution of Queries  May 22, 2018 2:46:02 PM IST I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1300+ Likes)
Range bound working in stock......!!
723. Splendid  May 22, 2018 8:45:06 AM IST I Like It. | Report Abuse Reply
Next IPO -: RITES Ltd
723.3. Splendid  May 22, 2018 1:23:52 PM IST I Like It. | Report Abuse
Its PSU IPO. Price band will be announced within a week. Issue in June 1st week.

Source -: Business Standard
723.4. AnkurGoel  May 22, 2018 1:59:29 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
My mistake. I thought you were talking about RVNL(Rail vikas nigam Ltd).
722. harit  May 22, 2018 12:20:05 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Suddenly jump in volume on NSE
Any block deals?
722.1. harit  May 22, 2018 12:30:53 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
595 high
722.2. harit  May 22, 2018 1:51:39 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Hug buying after 590 crossed
2 nd time touch 595
721. AnkurGoel  May 22, 2018 12:35:57 PM IST I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
JM Financial is coming with its NCD with 9.75% coupon rate. Bonds are rated AA by ICRA and India Ratings.
Issue open on May 28, 2018
720. Gupta Amit  May 21, 2018 10:25:56 PM IST I Like It. | Report Abuse Reply
Next new ipo please ?
719. ronak tilva  May 21, 2018 9:42:25 PM IST I Like It. | Report Abuse Reply
100 cr block deal @600. Hold tight.
718. Aniketiaf  May 20, 2018 10:58:56 AM IST I Like It. 12 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 3000+ Likes)
Latest GMP ( Yesterday evening ) of Indo ๐ŸŒŸ is 30+.
Now it's almost clear that at least 5-6% listing gain should must be there.
Personally I think listing should be around 620.
718.1. Aniketiaf  May 21, 2018 8:40:48 PM IST I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 3000+ Likes)
It's only 5-6% listing gain.
Expected some more....
717. Dr. Jan Itor  May 21, 2018 7:57:37 PM IST I Like It. | Report Abuse Reply
Fair listing considering the market uncertainty. I hope it rallies once market sentiment improves. When that will be, I think no one can tell.
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