IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.
IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.
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This page shows the archived IPO Grey Market Messages received in April, 2018
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02nd May - Price Band to be Announced
08th May - Anchor List
09th May - Offer Opens
11th May - Offer Closes
16th May - Finalisation of Basis of Allotment
17th May - Unblocking of ASBA
18th May - Credit to Demat Accounts
21st May - Listing on NSE & BSE
IndoStar IPO - Issue Information *(TENTATIVE)*
Issue Opens on: 09 May 2018
Issue Closes on: 11 May 2018
Issue Type: Book Built Issue IPO
Issue Size: 3,07,69,231 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.640 - Rs.650 per Equity Share
Market Lot: 23 shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 7,89,01,199 Equity Shares
Offer for Sale of 2,00,00,000 Equity Shares @650 = Rs.1300 Crores
Fresh Issue of 1,07,69,231 Equity Shares @650 = Rs.700 Crores
Equity Shares outstanding after the Issue = 8,96,70,430 Equity Shares
Category-wise Break up:.
Anchor - 92,30,769 Shares = 600Crs
QIB - 61,53,846 Shares = 400Crs
NII - 46,15,385 Shares = 300Crs
RII - 1,07,69,231Shares = 700Crs (Lot size: 23 = 4,68,227 Forms)
Total Issue - 3,07,69,231 Equity Shares = 2,000Crs.
Subscription required for 1X
RII = 4,68,227 Forms
NII = 300Crs
Interest cost @5%p.a. for 7days = 62.33paise for 1X
IndoStar IPO - Financial Information (Basis of Valuation)
EPS for FY14-15 >>> Rs.21.43 (Page #117 of RHP)
EPS for FY15-16 >>> Rs.26.41 (Page #117 of RHP)
EPS for FY16-17 >>> Rs.26.31 (Page #117 of RHP)
EPS for 9M17-18 >>> Rs.18.82 (Page #117 of RHP)
RoNW for FY14-15 >>> 11.08% (Page #118 of RHP)
RoNW for FY15-16 >>> 12.43% (Page #119 of RHP)
RoNW for FY16-17 >>> 11.60% (Page #119 of RHP)
RoNW for 9M17-18 >>> 07.90% (Page #119 of RHP)
NAV as on December 31, 2017 was Rs.263.96 (Page #119 of RHP)
Peer Group (Page #120 of DRHP):
L&T Finance Holdings
Piramal Enterprises
Aditya Birla Capital
Capital First
Shriram Transport Finance Co.
Sundaram Finance
Cholamandalam Investment and Finance Co.
Repco Home Finance