Below is the detail about Indostar IPO that is coming in this week.
Issue Open: May 9, 2018 - May 11, 2018
Issue Type: Book Built Issue IPO
Issue Size: Fresh issue Rs. 700 Cr + Offer sale of 20,000,000 Equity Shares (Rs 1840 - 1844 Cr)
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 570 - Rs 572 Per Equity Share
Market Lot: 26 Shares
Minimum Order Quantity: 26 Shares
Listing At: BSE, NSE
Finalization of Basis of Allotment(May be) : May 16 2018
Unblocking of ASBA : May 17 2018
Credit to Demat Accounts : May 18 2018
Listing on NSE & BSE : May 21 2018
IPO Type : Mainstream IPO
Secondary market :
8th May - GMP - 20, Kostak - 300
7th May - GMP - 28, Kostak - 400
6th May - GMP - 28,Kostak - 400
5th May - GMP - 40, Kostak - 375 to 400
Brief Company Detail :
IndoStar is a non-banking finance company "NBFC" registered with the Reserve Bank of India as a systemically important non-deposit taking company. We are a professionally managed and institutionally owned organization which is primarily engaged in providing structured term financing solutions to corporates and loans to small and medium enterprise "SME" borrowers in India. We recently expanded our portfolio to offer vehicle finance and housing finance products through our wholly-owned subsidiary IndoStar Home Finance Private Limited.
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Management Team :