IndoStar Capital Finance IPO
IndoStar Capital Finance IPO — date, price band, lot size & details 2018
IndoStar Capital Finance listed on 21 May 2018 at ₹600, 4.9% above the ₹572 issue price.
IndoStar Capital Finance is a Mumbai based NBFC with corporate lending, SME lending, vehicle finance and housing finance businesses. Its total income was Rs 719.92 crore in FY2017.
Stock price
IndoStar Capital Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 09 May 2018
- Close 11 May 2018
- Allotment 16 May 2018
- Refund/credit 17 May 2018
- Listing 21 May 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 May, 2018 |
|---|---|
| Price Band | ₹570 – ₹572 |
| Face Value | ₹10 |
| Lot Size | 26 Shares |
| Issue Size | ₹1844 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,872 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 26 shares at the ₹572 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 26 | ₹14,872 |
| Retail (max) | 13 | 338 | ₹1,93,336 |
| S-HNI (min) | 14 | 364 | ₹2,08,208 |
| S-HNI (max) | 67 | 1,742 | ₹9,96,424 |
| B-HNI (min) | 68 | 1,768 | ₹10,11,296 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 528.06 crore in FY2015 to Rs 719.92 crore in FY2017.
- 02Profit after tax rose from Rs 149.04 crore in FY2015 to Rs 210.80 crore in FY2017.
- 03Net worth rose from Rs 1,285.24 crore in FY2015 to Rs 2,076.83 crore on 31 December 2017.
- 04Rs 658.27 crore of the issue was to augment its capital base.
Risks · 5
- 01Total borrowing was Rs 2,853.86 crore on 31 December 2017.
- 02Corporate loans are large, so a few defaults can hurt; total assets were Rs 6,045.08 crore.
- 03Moving into retail lending brings new credit and execution risks; profit was Rs 164.08 crore in nine months to December 2017.
- 04Rs 1,144.00 crore of the Rs 1,844 crore issue went to the selling shareholder.
- 05Promoter holding fell from 91.56% before the issue to 58.28% after it.
Three years of numbers
All figures in ₹ crore, as reported in the IndoStar Capital Finance offer document.
| Metric | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 6,045.08 | 5,488.77 | 4,693.30 | 3,991.65 |
| Total Income | 585.95 | 719.92 | 644.05 | 528.06 |
| Profit After Tax | 164.08 | 210.80 | 191.64 | 149.04 |
| NET Worth | 2,076.83 | 1,902.75 | 1,541.80 | 1,285.24 |
| Reserves and Surplus | 1,998.16 | 1,824.39 | 1,468.45 | 1,216.87 |
| Total Borrowing | 2,853.86 | 2,697.16 | 2,258.28 | 1,957.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹768.21 Cr of the issue is earmarked to named objects.
IndoStar Capital Finance IPO Anchor Investors
48 anchor investors across 18 fund houses committed ₹553.18 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It runs four main lines of business: corporate lending, SME lending, vehicle financing and housing financing.
It had recently expanded its portfolio into retail lending.
The IPO was Rs 1,844 crore, with Rs 700.00 crore of fresh issue and Rs 1,144.00 crore of offer for sale, at Rs 572, the top of the Rs 570 to Rs 572 band. The fresh money was to augment its capital base.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
IndoStar Capital Finance IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Motilal Oswal Investment Advisors
79 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
37 issues handledBest listing: Happiest Minds Technologies (+110.8%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of IndoStar Capital Finance?
The current Grey Market Premium is ₹32.5, or 6% over the issue price.
What is the IndoStar Capital Finance IPO price band?
₹570 to ₹572, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 May 2018, with listing on 21 May 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
