• Sensex   38811.39   -298.82  sensex_dwn_arr
  • Nifty   11657.05   -80.85   sensex_dwn_arr
  • Bank Nifty   30409.10   -0.39   sensex_dwn_arr
  • BSE Midcap   14650.37   -0.15  sensex_dwn_arr
  • USDINR   70.04   0.42   sensex_up_arr
logo
PRAVIN RATILAL SHARE
AND STOCK BROKERS LTD
Member :    NSE   |   BSE   |   DP : NSDL
IPO News
Home >> Markets >> Equity >> News >> IPO News Detailed News
Indostar Capital Finance sees dull debut
(17:33, 21 May 2018)

Shares of Indostar Capital Finance listed on the BSE at Rs 600, a premium of 4.89% over the issue price of Rs 572. The stock had hit a high of Rs 606.30 and low of Rs 578.50 during the day. 26.88 lakh shares were traded on the counter on the BSE.

The initial public offer (IPO) of Indostar Capital Finance received bids for 15.36 crore shares, as against 2.25 crore shares on offer. The issue was subscribed 6.80 times. The issue opened for subscription on 9 May 2018 and closed on 11 May 2018. The price band for the issue was fixed at Rs 570 to Rs 572 per share.

The qualified institutional buyers (QIBs) category was subscribed 16.08 times. The non-institutional investors category was subscribed 6.91 times. The retail individual investors (RIIs) category was subscribed 1.48 times.

Ahead of the opening of the IPO, the board of directors of the company at its meeting held on 8 May 2018, finalised allocation of 96.71 lakh equity shares to anchor investors at Rs 572 per share.

Indostar Capital Finance is a Mumbai-based non-banking finance company providing structured term financing solutions to companies and loans to small and medium enterprise (SME) borrowers. The portfolio was recently expanded to offer vehicle finance and housing finance products.

On a consolidated basis, Indostar Capital Finance reported net profit of Rs 164.08 crore on total income of Rs 585.95 crore in the nine-month ended December 2017.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     407.55   Up   21.60 (5.60%)   Asian Paints Ltd     1,367.75   Down   -0.70 (-0.05%)   Axis Bank Ltd     776.40   Down   -2.75 (-0.35%)   Bajaj Auto Ltd     3,065.00   Up   17.80 (0.58%)   Bajaj Finance Ltd     3,377.75   Down   -71.15 (-2.06%)   Bajaj Finserv Ltd     8,013.30   Down   -208.25 (-2.53%)   Bharat Petroleum Corporation Ltd     384.35   Up   0.10 (0.03%)   Bharti Airtel Ltd     338.80   Up   3.65 (1.09%)   Bharti Infratel Ltd     273.85   Up   4.50 (1.67%)   Britannia Industries Ltd     2,838.70   Down   -13.95 (-0.49%)   Cipla Ltd     564.75   Up   11.75 (2.12%)   Coal India Ltd     244.15   Up   2.90 (1.20%)   Dr Reddys Laboratories Ltd     2,637.30   Down   -20.45 (-0.77%)   Eicher Motors Ltd     20,321.15   Down   -903.50 (-4.26%)   GAIL (India) Ltd     337.95   Up   1.05 (0.31%)   Grasim Industries Ltd     886.55   Up   29.20 (3.41%)   HCL Technologies Ltd     1,066.40   Up   5.40 (0.51%)   HDFC Bank Ltd     2,332.10   Down   -73.65 (-3.06%)   Hero Honda Motors Ltd     2,743.50   Up   43.85 (1.62%)   Hindalco Industries Ltd     191.75   Down   -6.25 (-3.16%)   Hindustan Unilever Ltd     1,753.85   Down   -14.45 (-0.82%)   Housing Development Finance Corporation Ltd     2,114.40   Down   -24.40 (-1.14%)   ICICI Bank Ltd     410.85   Up   5.50 (1.36%)   Indiabulls Housing Finance Ltd     783.55   Down   -1.00 (-0.13%)   Indian Oil Corporation Ltd     154.20   Down   -1.25 (-0.80%)   IndusInd Bank Ltd     1,598.75   Up   79.85 (5.26%)   Infosys Technologies Ltd     701.05   Down   -8.70 (-1.23%)   ITC Ltd     288.20   Down   -11.55 (-3.85%)   JSW Steel Ltd     275.95   Down   -1.00 (-0.36%)   Kotak Mahindra Bank Ltd     1,499.75   Up   4.50 (0.30%)   Larsen & Toubro Ltd     1,476.10   Up   15.00 (1.03%)   Mahindra & Mahindra Ltd     639.50   Down   -1.05 (-0.16%)   Maruti Suzuki India Ltd     6,929.25   Up   29.45 (0.43%)   NIFTY (S&P CNX)     11,657.05   Down   -80.85 (-0.69%)   NTPC Ltd     129.85   Up   0.25 (0.19%)   Oil & Natural Gas Corpn Ltd     174.15   Down   -2.85 (-1.61%)   Power Grid Corporation of India Ltd     184.65   Up   2.55 (1.40%)   Reliance Industries Ltd     1,333.90   Down   -6.50 (-0.48%)   State Bank of India     342.20   Up   1.10 (0.32%)   Sun Pharmaceuticals Industries Ltd     412.95   Down   -8.25 (-1.96%)   Tata Consultancy Services Ltd     2,054.05   Down   -27.70 (-1.33%)   Tata Motors Ltd     175.15   Down   -3.95 (-2.21%)   Tata Steel Ltd     464.70   Down   -8.30 (-1.75%)   Tech Mahindra Ltd     743.30   Down   -6.65 (-0.89%)   Titan Company Ltd     1,220.25   Down   -20.85 (-1.68%)   UltraTech Cement Ltd     4,683.95   Up   36.60 (0.79%)   UPL Ltd     1,012.20   Down   -2.45 (-0.24%)   Vedanta Ltd     157.35   Down   -8.95 (-5.38%)   Wipro Ltd     282.20   Down   -0.90 (-0.32%)   Yes Bank Ltd     139.75   Up   2.20 (1.60%)   Zee Entertainment Enterprises Ltd     360.45   Up   18.25 (5.33%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?