Indostar Capital Finance is all set to launch its IPO (Initial Public Offering) to raise around INR 2000 Cr. including a fresh capital of INR 700 Cr. While INR 1300 Cr. would be raised by selling shares around 20 million by existing promoter shareholders.

The price band would be INR 570 to 572 per equity share and face value would be INR 10 per share.

Pankaj Thapar – Chief Financial Officer of Indostar Capital Finance said: “The money is being funded to meet the future capital requirements.”

Kotak Mahindra Capital Company, Investment Banks JM Financial, Motilal Oswal Investment Advisors, Nomura Financial Advisory & Securities and Morgan Stanley India Co. are managing this Initial Public Offering. Recently, it started offering housing and vehicle finance products under the leadership of Mr. R. Sridhar, CEO and executive vice chairman.

Indostar Capital Finance was established in 2011 by Beacon India Fund, Everystone Capital, CIDB Capital and ACPI investment managers.