The Indostar Capital Finance received good subscription and so, it will debut on bourses on this Monday (21st May 2018) and INR 572 is fixed price per share. The IPO of Indostar Capital Finance was subscribed 6.8 times in between May 9 – 11; received 15.36 crore against the total issue size of approx. 2.25 Cr shares.

A category reserved for non-institutional investors was subscribed 6.91 while Qualified Institutional buyers 16.08 and retail investors 1.48 times. The fresh issues would be used to meet future capital requirements and the money collected through offer for sale will use for selling the shareholders.

JM Financial, Morgan Stanley India Company, Kotak Mahindra Capital Company, Nomura Financial Advisory & Securities (India) and Motilal Oswal Investment Advisors were managing the IPO issue.

About the Indostar Capital Finance:

It offers the structured term financing solutions for the corporate businesses & provides loans to small & mid-cap enterprise borrowers in India. Now, it has started to offer housing finance & vehicle finance products.

Investors, keep eye on this stocks and stay updated!