IPO Issue Details
Issue Price / Price Band₹572 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size26 Shares per Lot
Total Issue Size3,22,37,762 shares (aggregating up to ₹1,844.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 09 May 2018
Subscription CloseFri, 11 May 2018
Anchor AllotmentTue, 08 May 2018
Basis of AllotmentWed, 16 May 2018
Initiation of RefundsThu, 17 May 2018
Credit of Shares to DematFri, 18 May 2018
Listing DateMon, 21 May 2018
UPI Mandate Deadline2018-05-11
Application & Investment Details
Retail — Min (1 Lots)₹14,872 — 26 shares
Retail — Max (13 Lots)₹193,336 (13 Lots)
HNI — Min (14 Lots)₹2,08,208 — 364 shares
Pre-IPO Promoter Holding7,89,01,199 shares
Post-IPO Promoter Holding9,11,38,961 shares
Fresh Issue Shares1,22,37,762 shares (aggregating up to ₹700.00 Cr)
Offer for Sale Shares2,00,00,000 shares of ₹10 (aggregating up to ₹1,144.00 Cr)
About IndoStar Capital Finance Ltd.
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 businesses2. 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.
Objects of the Issue
IndoStar Capital Finance Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Gross proceeds of the Fresh Issue
700.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
7,89,01,199 shares
Post-IPO Promoter Holding
9,11,38,961 shares
Lock-in Period (30%)June 15, 2018
Lock-in Period (50%)August 14, 2018