Indostar Capital lists at 5 per cent premium

Indostar Capital Finance made a decent debut on the bourses getting listed at Rs. 600 on both BSE and NSE at a premium of 4.90 per cent on the issue price of Rs 572, on Monday.

The issue was open for subscription between May 9 and May 11, 2018 and was subscribed 6.80 times. The price band of the offer was fixed at Rs. 570-572 with a face value of Rs. 10 per share.

The Rs. 1,844 crore IPO of the non-banking finance company consisted of fresh issue of up to Rs. 700 crore and an offer for sale of up to 2 crore equity shares.

At 11:04 hours, Indostar Capital was trading at Rs. 588.90 per share, up Rs. 16.90 or 2.95 per cent on BSE from its issue price. The stock attracted a trading volume of 18,10,410 shares on NSE.