IndoStar Capital Finance Ltd IPO - Should you subscribe?
After a series of mainstream IPOs launched in March 2018, there happened to be a break in an IPO market due to bearish market sentiments and LTCG applicability from April 1, 2018. Full 30 days of April'18 passed without having a single IPO. However, it is hoped that IPO market will pick up from May'18 onwards. After a temporary break, Indostar Capital Finance Ltd a non-public deposit taking NBFC (Non-banking finance corporation) is going to hit the primary market in May'18. This is 15th mainstream IPO of 2018. The issue size is a whopping Rs. 1844 Crore approx. Issue Details: Company background: Incorporated in 2009 and promoted by Indostar Capital (an arm of Everstone Groun - an India and Southeas Asia focused investor), IndoStar Capital Finance Ltd is a leading non-banking finance company (“NBFC”) registered with the Reserve Bank of India as a systemically important non-deposit taking company which is primarily engaged in providing bespoke Indian Rupee den