Indostar Capital – a Non-banking finance company has finally received the approval from Sebi – the Markets Regulator to raise the fund approx. INR 2,000 Cr. through IPO (Initial Public Offering).

The Indostar Capital had filed the IPO papers with Sebi in Jan 2018 & received the “observations” from the market regulator on 3rd April according to the latest update.

Sebi’s approval is necessary for a company to launch public issues like Follow-on public offer (FPO), initial public offer (IPO) and rights issues too.

The company’s public issue managers are Kotak Mahindra Capital Company, JM Financial, Motilal Oswal Investment Advisors, Morgan Stanley India Company and Nomura Financial Advisory & Securities (India) Pvt. Ltd.