IndoStar Capital Finance IPO To Open For Subscription On May 9: 5 Things To Note - Dollar Advisory Financial Services

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Tuesday 8 May 2018

IndoStar Capital Finance IPO To Open For Subscription On May 9: 5 Things To Note



IndoStar Capital Finance will soon be approaching the primary market with its public issue, with an aim to raise Rs 2,000 crore.

This includes a fresh capital infusion of Rs 700 crore. The Everstone Capital-backed non-banking finance company’s initial public offering is priced between Rs 570 to Rs 572 per equity share of face value Rs 10.

The IPO, the first in FY19, is scheduled to open on May 9 and close on May 11. Anchor investor allocation will be a day prior to the bid/offer opening date: May 8. 

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