Indostar Capital Finance IPO is all set to make a debut in the stock market with an issue size of 1844 Cr.
Indostar Capital Finance IPO – Overview
| Issue Date | 9-11 May 2018 |
| Indostar Capital Finance IPO Opening Date | 9 May 2018 |
| Indostar Capital Finance IPO Face Value | INR 10 per share |
| Indostar Capital Finance IPO Price | INR 572 per share |
| Indostar Capital Finance IPO Lot Size | 26 Shares |
| Issue Size | 1844 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 16.08 times |
| NII (HNI) Shares | 6.91 times |
| Company Promoters | The Promoter of the Company is Indo star Capital. |
Tentative Dates
| Indostar Capital Finance IPO opening date | 9 May 2018 |
| Indostar Capital Finance IPO closing date | 11 May 2018 |
| Basis of Allotment | 16 May 2018 |
| Initiation of Refunds | 17 May 2018 |
| The credit of Shares to Demat | 18 May 2018 |
| Indostar Capital Finance IPO Listing Date | 21 May 2018 |
Company Overview
It is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. It recently expanded its portfolio to offer vehicle finance and housing finance products.
Industry Overview
The AUM of wholesale financing NBFCs (excluding HFCs) has grown at a robust CAGR of 31% over the past five years, to touch 1.3 trillion by March 2017. Though banks’ interest rates are lower by 250-350 basis points, NBFCs retain an edge over banks by offering more complex and structured deals.
Much of the portfolio of NBFCs is from Tier I cities as exit options are difficult in smaller cities, especially in the real estate segment which forms a significant chunk of the overall portfolio of the wholesale finance market. CRISIL Research anticipates wholesale financing by NBFCs to grow at 23-26% CAGR over the next two years to ` 2.0 trillion by the financial year 2019.
The increasing need for funds post-implementation of the Real Estate (Regulation and Development Act), 2016 (“RERA”) and the inability of PSBs to lend aggressively would act as key growth catalysts in the near term.
Indostar Capital Finance IPO-Objectives
- The Objects of the Issue is to utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
Financial Statements
| Particulars | 31-March-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 54,853.65 | 46,922.73 | 39,916.86 |
| Total Revenue | 7,155.42 | 6,413.79 | 5,280.56 |
| Profit After Tax | 2,090.38 | 1,910.16 | 1,490.65 |
Indostar Capital Finance IPO- Strengths
- Strong SME lending businesses.
- A high-quality loan portfolio with low rates of Gross NPAs and Net NPAs.
- Proven track record of delivery results.
- Access to best industry practices and international corporate governance standards due to institutional Promoter.
Company Contact Information
IndoStar Capital Finance Limited
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013
Phone: + 91 22 4315 7000
Email: investor.relations@indostarcapital.com
Website: http://www.indostarcapital.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: indostar.ipo@linkintime.co.in
Website: https://linkintime.co.in/
IndoStar Capital Finance IPO Lead Manager(s)
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)
- Motilal Oswal Investment Advisors Pvt Ltd (Past IPO Performance)
- Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
