IPO: IndoStar Capital Finance Limited

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

Draft Prospects with SEBI

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. Read more 

Management Team :

• Mr. R. Sridhar 
  Executive Vice - Chairman and CEO
• Mr. Pankaj Thapar
  Chief Financial Officer
• Mr. Prashant Joshi
  Chief Operating Officer
• Mrs. Benaifer Palsetia
  Chief Human Resources Officer

Company performance in past years

Detail	Number in Rs. Million
	31-Dec-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	54,853.65	46,922.73	39,916.86	31,608.02	22,070.85
Total Revenue	7,155.42	6,413.79	5,280.56	3,969.05	2,415.77
Profit After Tax (PAT)	2,090.38	1,910.16	1,490.65	1,121.36	900.94

Recommendation from different agencies

Name	Recommandation
ICICI Direct
Choice Broking
Aditya Birla Money

IPO : Flat listing of S Chand and company limited

S Chand and Company limited stock listed today at both NSE and BSE. As per secondary market it was expecting good listing and would list Rs.90 to Rs.100 higher, but stock got listed at 700Rs only.

Soon after the listing ,stock went down then its issue price and made a low of Rs.658 and then it recovers and maintain to trade above Rs.670 which is its issue price. Finally, stock closed at Rs.676 at NSE and Rs. 675.85 at BSE.

Lot of new investors are joining stock market because of listing gain attraction but this type of IPO would definitely hamper this and disappoint the small investor. however, the S Chand and Company limited management came forward and assure that company will do well in upcoming years.

The S Chand and Company limited IPO came to market during 26th April to 28th April. The IPO got subscribed approx 60 times and the grey market was trading with GMP in range of 90 to 150. 

IPO : Housing and Urban Development Corporation Ltd IPO (HUDCO)

Get set ready : HUDCO IPO issues gets opened today

The IPO that is coming in next week is HUDCO.

Below is some detail about this.

Issue Open: May 8, 2017 - May 11, 2017 
Issue Type: Book Built Issue IPO 
Issue Size: 204,058,747 Equity Shares of Rs 10 aggregating up to Rs 1,224.35 Cr 
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs 56 - Rs 60 Per Equity Share 
Market Lot: 200 Shares 
Minimum Order Quantity: 200 Shares 
Listing At: BSE, NSE
Finalization of Basis of Allotment : May 16 2017
Unblocking of ASBA : May 17 2017
Credit to Demat Accounts : May 18 2017
Listing on NSE & BSE : May 19 2017
IPO Type : Mainstream IPO

Draft Prospects with SEBI

Secondary market :

9th May - GMP - 27, Kostak - 1000 to 1100
8th May - GMP - 28 to 28.5, Kostak - 1100 to 1150
7th May - GMP - 28 to 29, Kostak - 1100 to 1150
6th May - GMP - 27 to 27.5, Kostak - 1100 to 1150

Brief Company Detail :

Housing and Urban Development Corporation Ltd is a wholly-owned Government company with more than 46 years” experience in providing loans for housing and urban infrastructure projects in India. We have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, our total sanctioned loans since our inception was Rs. 1,570,870.0 million, Rs. 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and Rs. 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, our total outstanding Loan Portfolio was Rs. 361,119.3 million, Rs. 112,951.1 million of which, or 31.28%, were Housing Finance loans and Rs. 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds. Read more 

Company performance in past years

Detail	Number in Rs. Million
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	360,975.4	358,815.8	331,137.4	302,244.0	269,489.4	274,951.7
Total Revenue	26,779.9	33,500.8	34,278.5	30,028.8	29,213.4	27,786.4
Profit After Tax (PAT)	4,962.9	8,106.1	7,683.2	7,339.7	6,996.9	6,215.7

Recommendation from different agencies

Name	Recommandation
Sharekhan
AngelBroking
GEPT Capital
Choice Broking
LKP Research
Reliance Securities

Subscription detail

Date Time	RII	Total	RII Total in %	RII Total in %
Day1 8th May 2017	1,06,719,600	1,29,136,800	1.52	0.24
Day2 9th May 2017	2,89,023,400	6,13,995,600	4.12	3.01
Day3 11th May 2017	7,55,896,600	16,229,363,600	10.79	79.53