The Rs1,844 crore IPO of IndoStar will open on 9 May and close on 11 May. Shares were allocated to 24 investors at Rs572 apiece, the upper end of the price band of Rs570-572 for the IndoStar IPO. The Rs1,844 crore IPO of IndoStar will open on 9 May and close on 11 May. The IPO comprises a fresh issue of Rs700 crore and an offer-for-sale (OFS) of 20 million by the promoters of IndoStar Capital. IndoStar Capital Finance was started in 2011 by private equity investors Everstone Capital, ACPI Investment Managers, Beacon India Fund and CIDB Capital.

Source: Mint May 08, 2018 18:22 UTC