Indostar Capital Finance Limited NCD: Important Details About NCD

Indostar Capital Finance Limited NCD issue opens on Friday, September 6, 2024 and closes on Thursday, September 19, 2024. It is a Secured, Redeemable, Non-Convertible Debentures. The overall issue size is Rs 350 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. The allotment is on a first-come, first-serve basis. The listing is at BSE (Bombay Stock Exchange), and the tenor is of 24, 36 and 60 months. The lead manager of Indostar Capital Finance Limited NCD is Nuvama Wealth Management Limited, and the registrar for this NCD is Link Intime India Private Limited.

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About Indostar Capital Finance Limited

Indostar Capital Finance Limited is a non-banking finance company registered with the Reserve Bank of India. It was established in 2011. It offers secured financing solutions under the four leading categories: vehicle financing-cum-new used and affordable housing loans through its subsidiary, Indostar Home Finance Private Limited (IHFPL), SME loans for businesses and professionals, and corporate loans for real estate projects. It has two subsidiaries, namely IHFPL, which caters to affordable housing, and Indostar Asset Advisory Private Limited (IAAPL), which is a registered investment manager with SEBI.

As of March 31, 2024, Indostar Capital Finance has 515 branches located across 23 states, with customers serving above 2,33,098. It is home to 3,999 workers, of whom 3,067 are working directly with the company and 932 with IHFPL.

Objectives of the Indostar Capital Finance NCD Issue

The company has some strategic initiatives planned to be funded out of the net proceeds from the issue that is funding onward lending and addressing general corporate purposes.

Financial Performance of Indostar Capital Finance Limited (Amt in Rs Crore)

Indostar Capital Finance Limited reported a revenue of Rs 1,397.54 crore and profit after tax of Rs 115.83 crore for the period ending on March 31 2024. The company’s revenue increased by 18%, and net profit decreased by -49% between FY 23-24.

Important Details of Indostar Capital Finance Limited NCD 2024

Coupon Rates of Indostar Capital Finance Limited NCD 2024

NCD Rating

The NCDs proposed in this issue have been assigned a rating of 'CARE AA-/Stable' (interpreted as CARE Double A Minus; Outlook: Stable) by CARE Ratings Limited for an amount of Rs 500 crore.

How do I apply for Indostar Capital Finance Limited NCD?

NCD is open for subscription, click here to apply for the Indostar Capital Finance Limited NCD.

FAQs

1. When will the Indostar Capital Finance Limited NCD be open for subscription?

Indostar Capital Finance Limited NCD issue will open on Friday, September 6, 2024, and will close on Thursday, September 19, 2024.

2. What is the issue size and price of the NCD?

The overall issue size of subscription is Rs 350 crores. Indostar Capital Finance NCD issue price is Rs 1000 per NCD and face value is Rs 1000 each NCD. The minimum lot size is 10 NCD.

3. What are the main objectives of the Indostar Capital Finance Limited NCD?

The company has some strategic initiatives planned to be funded out of the net proceeds from the issue that is funding onward lending and addressing general corporate purposes.

4. How has Indostar Capital Finance Limited performed financially?

Indostar Capital Finance Limited reported a revenue of Rs 1,397.54 crore and profit after tax of Rs 115.83 crore for the period ending on March 31 2024. The company’s revenue increased by 18%, and net profit decreased by -49% between FY 23-24.

5. How can I apply for the Indostar Capital Finance Limited NCD?

NCD is open for subscription, click here to apply for the Indostar Capital Finance Limited NCD.

6. Who is appointed as a registrar of Indostar Capital Finance Limited NCD?

Link Intime India Private Limited is appointed as the registrar for Indostar Capital Finance Limited NCD.

7. Who is the lead manager for the Indostar Capital Finance Limited NCD?

Nuvama Wealth Management Limited is the lead manager for this NCD issue.

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