Indostar Capital Finance NCD September 2024: The company offers secured financing across various segments, including used and new vehicle loans for transporters, as well as affordable home financing solutions. Additionally, it provides loans for SME borrowers and structured finance options for corporates. Moreover, the upcoming NCD issuance has been rated “CARE AA-/Stable” by CARE Ratings Limited, with a total amount of ₹50,000 lakh.
Table of contents
- Indostar Capital Finance NCD September 2024 Overview
- Company Details
- Tenure & Interest Rates
- Allocation Ratio
- How to apply for Indostar Capital Finance NCD September 2024?
- Indostar Capital Finance NCD September 2024 Allotment Status
- Indostar Capital Finance NCD September 2024 Registrar
- Indostar Capital Finance NCD September 2024 Lead Manager
- Indostar Capital Finance Limited Contact
- Indostar Capital Finance NCD September 2024 FAQs
Indostar Capital Finance NCD September 2024 Overview
| Overview Points | Description |
|---|---|
| Security Name | Indostar Capital Finance Limited |
| Security Type | Secured NCDs |
| NCD Issue Open | September 6, 2024 |
| NCD Issue Close | September 19, 2024 |
| NCD Issue Size (Base) | ₹150.00 Crores |
| NCD Issue Size (Oversubscription) | ₹150.00 Crores |
| Overall Issue Size | ₹350.00 Crores |
| Face Value | ₹1000 per NCD |
| Minimum Lot Size | 10 NCD |
| Listing on | BSE |
| Credit Rating | CARE AA-/Stable by CARE Ratings Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to V |
| Basis of Allotment | First Come First Serve Basis |
| Payment Frequency | Quarterly, Annual and Cumulative |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Company Details
Indostar Capital Finance Limited, which was incorporated in 2011, is a non-banking finance company (NBFC) registered with the Reserve Bank of India as NBFC-ML.
The company offers a range of secured financing solutions across various categories. Specifically, it provides financing for both used and new vehicles for transporters, affordable home finance solutions, loans for SMEs, and structured finance for corporates.
It operates through two wholly-owned subsidiaries:
- Indostar Home Finance Private Limited (IHFPL): This subsidiary offers affordable home loans to salaried, professional, and lower-to-middle-income groups residing in Tier-II and below cities.
- Indostar Asset Advisory Private Limited (IAAPL): IAAPL serves as an investment manager and is registered with SEBI.
The company focuses on four main business lines:
- Commercial Vehicle Finance: This involves financing for the purchase of used or new commercial vehicles, passenger vehicles, and two-wheelers.
- Housing Finance: Conducted through IHFPL, this line focuses on providing affordable housing finance.
- SME Loans: This includes providing secured or unsecured loans to small and medium enterprises, such as businessmen, traders, manufacturers, and professionals.
- Corporate Loans: Primarily aimed at real estate developers, these loans finance the construction of residential and commercial buildings, as well as early-stage investor participation.
As of March 31, 2024, Indostar Capital Finance boasts an extensive network of 515 branches across 23 states. Additionally, it serves over 233,098 customers and employs 3,999 people, including 3,067 in the main company and 932 in the subsidiary IHFPL.
Tenure & Interest Rates
| Opt | Frequency of Interest Payment | Tenure | Coupon (% PA) | Eff. Yield (% PA) | Amount on Maturity (In ₹) |
|---|---|---|---|---|---|
| Series 1 | Annual | 24 Months | 10.5% | 10.5% | ₹1000.00 |
| Series 2 | Cumulative | 24 Months | NA | 10.5% | ₹1221.31 |
| Series 3 | Quarterly | 36 Months | 10.3% | 10.7% | ₹1000.00 |
| Series 4 | Annual | 36 Months | 10.7% | 10.7% | ₹1000.00 |
| Series 5 | Annual | 60 Month | 10.5% | 10.49% | ₹1000.00 |
Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 30% |
| HNI | 30% |
| Retail | 30% |
How to apply for Indostar Capital Finance NCD September 2024?
Investors can conveniently apply for the NCD IPO electronically via the Internet banking facility. However, this option is available only if the SCSB where the investor’s ASBA account is maintained provides this service. Consequently, investors should ensure that their SCSB offers electronic application services to take advantage of this streamlined process.
The following are the general steps to apply for an NCD IPO through SCSB:
- The investor can start by logging into their Internet banking account.
- Next, visit the ‘Investments’ section.
- Then, look for the debentures/bonds/NCD section.
- Consequently, a list of active/current NCDs will be displayed.
- After that, select the NCD for which you wish to make an application.
- Following this, choose ASBA and enter the required NCD details.
- Finally, submit the application.
Once the application is submitted, SCSB will upload the offer on the exchange platform and block the funds from the ASBA account.
Indostar Capital Finance NCD September 2024 Allotment Status
Indostar Capital Finance NCD’s issue allotment is available on LinkIntime. To check, Firstly follow the steps below:
- Firstly, visit the BSE status page for the issue application.
- Then, select the issue type, which is debt.
- Select the Issue name from the drop-down list.
- Enter your application number or PAN.
- Tick the ‘I’m not a robot’ button.
- Finally, Click on Search and check the status.
Indostar Capital Finance NCD September 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.
Marg, Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: adanienterprises.ncd2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Indostar Capital Finance NCD September 2024 Lead Manager
- Nuvama Wealth Management Limited
Indostar Capital Finance Limited Contact
Off No -301, Wing A, CTS No 477,
Silver Utopia, Chakala Road, Opp Proctor
Opp Proctor and Gamble, Andheri(E), Mumbai-400 099
Phone: +91 22 4315 7000
Email: investor.relations@indostarcapital.com
Website: https://www.indostarcapital.com/
Indostar Capital Finance NCD September 2024 FAQs
The Indostar Capital Finance’s NCD September 2024 will open on September 10, 2024, and will close on September 25, 2024.
The NCDs are price at ₹1,000 each.
The total issue size for these NCDs is ₹150 crores.
Furthermore, the NCDs will listed on both the BSE and NSE platforms.
You can apply either online or offline through your existing Demat account. To do so, simply follow the standard application process for NCDs.
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