IndoStar Capital Finance Limited IPO Message Board (Page 39)

Form - 300
Ahmadabad..!!!

Price band 570-72 and Bid lot is 26 Share

Minimum Investment is Rs 14,950 on the higher price band. I'm Also following Advisorymandi.com for IPO update

14872/-

Anybody studied NPA levels of Indostar vis-a-vis its peers (peers as per RHP).

INDO STAR CAPITAL FINANCE LTD

Favourable Points
- Good financials
- Low NPA levels
- expanding business to housing finance

Unfavorable
- NBFC is highly competitive market
- Countrywide very few branches, without expansion of business future will be riskier

Industry average PE :- 26.5

In comparison with peers, indo star is reasonably priced may give 8-10% listing gain


PLEASE DO STUDY RHP BEFORE INVESTMENT

Apply Or Avoid ?

Sadanand Mankikar also hold more then 1% shares of company. Its good bet

IndoStar IPO - Schedule (Pg #377 of RHP)
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

This message is copy past from other site ..

May be it is copy paste from other websites, where do you have an issue. If you better information or analysis then this post it for others or keep silent.

Price Band Declared = Rs. 570 - 572
Lot Size = 26 Equity Shares and in multiple thereof
Retail Application Amount(at higher price band) = Rs. 14872/-
Bid/Offer Opens = Wednesday, 09 May 2018
Bid/Offer Closes = Friday, 11 May 2018
Face Value = Rs. 10 per equity share

Wow, I was right! See my earlier posts where I had said price band of 575-580 is reasonable and probable...

@CoolHunk, care to share the source of price band?

MUST READ

IPO Related Terminology

What is Grey Market Premium?
The grey market is a term people use in IPO market. It means the stock of the company who came up with the ipo bought and sold outside the stock market. The grey market is unofficial but to get the fix gain of the stock one can buy or sell their ipo application. The grey market works before the ipo listing and during the days of the ipo start and the allotment. The grey market premium indicates that how the ipo might react on the listing day. If the company come up with an ipo or Rs.100 and the grey market premium is around Rs.20 then we can assume the ipo to list around 120 rupees on listing day. There is no reliability but in most of the cases the gmp works properly and ipo list around the given price.

What is Kostak Rates?
The kostak rates are the amount which one pay for the ipo application before the ipo listing. As the grey market reacts the kostak rates also reacts that way. One can buy and sell their full ipo application on kostak rates our side the market and fix their profit. The kostak rates applies in each conditions if you get the allotment or not one should pay the kostak rates for the ipo. If one did 5 application for one ipo and the sold the same at Rs.2500 per application it means he or she secured the ipo profit at 12500 rupees. If he get the allotment in 2 application still his profit will be the same. Now if he sell the stock which he got and get the profit around 25000 then he or she need to give the remaining profit to the guy who bought the application.

What is Subject to Sauda?

As kostak rates the subject to sauda on the application is the amount decided to get the the firm allotment. If one buy or sell the ipo application on the subject to sauda it means one can get the said amount if one will get the allotment otherwise sauda will be cancelled. In this one can not be fix their profit as it depend on the allotment. Again if one get allotment and he or she sold the application around Rs.10000 and the profit goes high on listing day around Rs.15000 then one should pay Rs.5000 to the guy who bought the application.
As received in a group.

It is coming at 22.5 PE ratio. 2.3 times of book value. Pricing is very reasonable. Lead Managers fixing the price after considering last 7 issues.(Except Bandan and Lemon all are lists at discount or at issue price). Pricing is OK. Now we have to look how qib and hni participates this issue. It seems good response from qib.

As Indo* is in line with capital-1st in major aspects , capital1st is trading below 650 and recent new 52 week low of 610.Technicals are also weak as per BSE site.So I think price must be below 600 , should be around 500-550 for some listing gain.
https://www.bseindia.com/stock-share-price/capital-first-ltd/capf/532938/#

$ is getting strong day by day. Most probably it will touch 68 at the time of listing if RBI is not taking actions. This will affect all banking and nbfcs. Listing is also affected.

RBI needs to start buying $. RBI is use to do this when $ crosses 68.

Correct me if I am wrong but wouldn't RBI start selling $ (instead of buying $) in order to keep the exchange rate in check? Buying $ should appreciate the $ value further.

uchit patel is wrong.
Rare is right.
RBI should start selling $ instead of buying.
Listing is not affected if urjit patel starts selling $.!.
Please don't be misguided.

As per data given in Monday's businesses line, capital first with similar revenue, net profit & eps is available on trailing 12 month PE 21 and PB 2.6 only. So please assess its valuation on declaration of price band. Then decide on valuation merits whether to apply or not.

Pl wait for HDFC AMC,which got SEBI approval.
Any time it can fix date. That is a good IPO

Great management mix. Bobby Parekh and R Sridhar are veterans in their field.
Revenue and growth has seen a big historic jump. Apply.

Good issue

price rs 650 is as per higher NIFTY AND BSE Index @ NSE 10692 BSE 34969

It's like capital first with almost similar capital, profitability and valuation

575-580 would have been a better idea.

The IPO's this month and next will be priced above Rs. 500 and some of them might be expensive. So looking to buy from secondary market instead.

How to calculate approx grey market premium for Indostar Capital Finance.

50 rs gmp bahut nainsaf hai.
IPO aate aate 20-25 ho jayega.
650 pe kum se kum 200-250 hona chahiye.
very aggressive price

This message has been removed by a moderator.

Agree dear

sahi kaha dost.

bina IPO ke ek mahina bhi ek saal jaisa lagta hai.

sensex or nifty bhi jobless growth jaisa lagya he

message should not be removed.