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Indostar Capital Finance to make stock market debut today

Price band for the offer was fixed at Rs 570-572 per share.

PTI|
Updated: May 21, 2018, 09.38 AM IST
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The Rs 1,844-crore initial public offer of Indostar Capital Finance was subscribed 6.80 times during May 9-11.
NEW DELHI: IndoStar Capital Finance, which recently concluded its initial public offer, will make its stock market debut on Monday.

The Rs 1,844-crore initial public offer of non-banking finance company Indostar Capital Finance was subscribed 6.80 times during May 9-11.

The IPO was of fresh issue of up to Rs 700 crore and an offer for sale of up to 2 crore equity shares (including anchor portion of 9,671,328 equity shares).

Price band for the offer was fixed at Rs 570-572 per share.

JM Financial, Kotak Mahindra Capital Company, Morgan Stanley India, Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) managed the IPO.

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