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IndoStar Capital Finance Ltd IPO (ICFL IPO) Details

IndoStar Capital Finance Ltd IPO (ICFL IPO) Details:

IndoStar Capital Finance Limited, a non-banking financial company, provides various financing services to corporates and small and medium enterprises in India.

The company offers secured corporate lending products, including senior secured debt, structured financing, promoter financing, mezzanine funding, structured and acquisition financing, and special situation funding; and real estate financing products, such as structured loans, as well as loans at project level construction of commercial and residential properties.

It also provides SME lending products including vanilla, gross turnover, debt consolidator, mortgage and top-up, commercial property purchase, and banking profile based loans to businessmen, traders, manufacturers, and self-employed professionals; and vehicle finance for purchase of commercial vehicles, passenger vehicles, and two-wheelers.

Further, the company provides housing finance to the salaried and self-employed customers.

The company was incorporated in 2009 and is based in Mumbai, India. IndoStar Capital Finance Limited is a subsidiary of IndoStar Capital (Mauritius).

OBJECTS OF THE ISSUE:

The Offer consists of the Fresh Issue and the Offer for Sale.

Offer for Sale

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. Company will not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue and requirement of funds

As an NBFC, company is  subject to regulations relating to the capital adequacy, which determine the minimum amount of capital it must hold as a percentage of the risk-weighted assets on its portfolio and of the risk adjusted value of off-balance sheet items, as applicable.

As per the capital adequacy norms issued by the RBI, they are required to have a regulatory minimum CRAR of 15%. As at December 31, 2017, Company’s CRAR
was 31.6% on a standalone basis, of which Tier I capital was 31.3%. Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.

Further, Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of its Company’s brand name and creation of a public market for our Equity Shares in India.

IndoStar Capital Finance Ltd IPO (ICFL IPO) Details:

  1. Issue Open: May 09, 2018 – May 11, 2018
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: * Equity Shares of Rs 10 aggregating up to Rs * Cr
  5. Issue Price: Rs 570 – Rs 572 Per Equity Share
  6. Market Lot: 26 Equity Shares
  7. Minimum Order Quantity: 26 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of IndoStar Capital Finance Ltd IPO (ICFL IPO):

JM Financial Limited
7th Floor, Cnergy
Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Telephone: +91 22 6630 3030 Facsimile: +91 22 6630 3330
E-mail: indostar.ipo@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27 “G” Block
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051, Maharashtra, India
Tel: +91 22 4336 0000; Fax: +91 22 6713 2447
E-mail: indostar.ipo@kotak.com
Investor grievance email: kmccredressal@kotak.com

Morgan Stanley India Company Private Limited
18F, Tower 2, One Indiabulls Centre
841, Senapati Bapat Marg
Mumbai 400 013, Maharashtra, India
Tel: + 91 22 6118 1000 Fax: + 91 22 6118 1040
E-mail: indostar_ipo@morganstanley.com
Investor grievance e-mail: investors_india@morganstanley.com

Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road
Opposite Parel ST Depot, Prabhadevi
Mumbai 400 025, Maharashtra, India
Telephone: + 91 22 3846 4380 Facsimile: +91 22 3846 4315
E-mail: indostar.ipo@motilaloswal.com
Investor grievance E-mail: moiaplredressal@motilaloswal.com

Nomura Financial Advisory and Securities (India) Private Limited
Ceejay House, Level 11
Plot F, Shivsagar Estate, Dr Annie Besant Road, Worli
Mumbai 400 018, Maharashtra, India
Tel: +91 22 4037 4037 Fax: +91 22 4037 4111
E-mail: indostaripo@nomura.com
Investor grievance E-mail: investorgrievances-in@nomura.com

REGISTRAR TO THE OFFER of IndoStar Capital Finance Ltd IPO (ICFL IPO):

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200 Facsimile: +91 22 4918 6195
E-mail: indostar.ipo@linkintime.co.in
Investor grievance E-mail: indostar.ipo@linkintime.co.in

IndoStar Capital Finance Ltd IPO (ICFL IPO) Draft Red Herring Prospectus (DRHP):

IndoStar Capital Finance Ltd (ICFL) IPO Prospectus

Red Herring Prospectus (RHP) Of IndoStar Capital Finance Ltd IPO (ICFL IPO):

IndoStar Capital Finance Ltd (ICFL) IPO Prospectus

IndoStar Capital Finance Ltd IPO (ICFL IPO) Subscription Figures:

IndoStar Capital Finance Ltd (ICFL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)64350861.291.8016.08
Non Institutional Investors (NIIs)48421060.000.036.91
Retail112982460.08 0.341.48
Employees 0
Total225754380.41 0.69 6.80

IndoStar Capital Finance Ltd IPO (ICFL IPO) Allotment and Listing Dates Schedule:

  • 09/May/18 – Bid/Offer Opening Date
  • 11/May/18 – Bid/Offer Closing Date
  • 16/May/18 – Finalisation of Basis of Allotment
  • 17/May/18 – Unblocking of Funds from ASBA Account
  • 18/May/18 – Credit of Equity Shares to Demat Account
  • 21/May/18 – Commencement of Trading on NSE/BSE

* To Be Updated

IndoStar Capital Finance Ltd IPO (ICFL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of IndoStar Capital Finance Ltd (ICFL) IPO is trading between Rs 15 – Rs 25 per equity share.

How To Check IndoStar Capital Finance Ltd IPO (ICFL IPO) Application Status:

To clear that doubt and to check IndoStar Capital Finance Ltd (ICFL) IPO  application status just use the below links and you can check it as follow:

Check IndoStar Capital Finance Ltd (ICFL) IPO Application Status at BSE:  BSE Website

Check IndoStar Capital Finance Ltd (ICFL) IPO Application Status at NSE NSE Website

To Check IndoStar Capital Finance Ltd IPO (ICFL IPO) Application Status:

  1. Click on Links provided above
  2. Select IndoStar Capital Finance Ltd IPO (ICFL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check IndoStar Capital Finance Ltd IPO (ICFL IPO) Allotment Status:

To Check IndoStar Capital Finance Ltd (ICFL) IPO Allotment Status : Click Here

  1. Select IndoStar Capital Finance Ltd IPO (ICFL IPO) from the first drop Down Menu
  2. Provide your PAN Number.

Market Update:

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Sandhar Technologies Ltd IPO (STL IPO) also lists at 2.85% discount.

Mishra Dhatu Nigam Ltd IPO (MDNL IPO) lists at par. while ICICI Securities Ltd IPO (ISL IPO) lists at 14.41% discount.

While breaking the chain of discount listings Lemon Tree Hotels Ltd IPO (LTHL IPO) lists at 27.86% premium.

Some SME IPO will also be active in market in coming week.

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