trending Market Intelligence /marketintelligence/en/news-insights/trending/l6cxjhb8jogtnecirde5cq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IndoStar Capital Finance's IPO oversubscribed

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


IndoStar Capital Finance's IPO oversubscribed

India-based IndoStar Capital Finance Ltd.'s IPO was 6.8× oversubscribed on the last day of the bidding process, data from the National Stock Exchange of India showed.

The offering received bids for 153,613,252 shares, against a total issue size of 22,575,438 shares as of May 11.

The portion of shares allotted to qualified institutional buyers was 16.08× oversubscribed, while those reserved for noninstitutional investors and retail individual investors were 6.91× and 1.48× oversubscribed, respectively.

Earlier in May, IndoStar Capital Finance set a price range of 570 to 572 rupees per share for its IPO. The offering comprised an issuance of 7 billion rupees of new shares and an offer for sale of up to 20 million equity shares, which include an anchor portion of 9,671,328 equity shares.

The offering valued the lender at 45.13 billion rupees at the upper end of the range, Mint had reported.

JM Financial Ltd., Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., Motilal Oswal Investment Advisors Ltd. and Nomura Financial Advisory and Securities (India) Pvt. Ltd. served as book-running lead managers for the IPO, according to the data.

As of May 11, US$1 was equivalent to 67.45 Indian rupees.