InvestorQ : What is meant by IPO details sheet and what are the details available on this sheet?
Juvina Maggie made post

What is meant by IPO details sheet and what are the details available on this sheet?

Juvina Maggie answered.
3 years ago

We have captured the live information sheet of Indostar Capital Finance Ltd in the table below. This table contains all the important details pertaining to the issue and the investor is required to go through all these details in elaborate detail. The IPO investment is a process of informed investing and hence the more information the investor collects and reviews before taking a call, the better it is for his own investment value.

Indostar Capital Finance Limited

*All investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.



Issue Period

09-May-2018 to 11-May-2018

Post issue Modification Period

12-May-2018 and 14-May-2018 (10.00 A.M. to 1.00 P.M.)

Issue Size

Initial Public offer of Fresh Issue up to Rs. 7000 million and an Offer for Sale up to 20,000,000 Equity Shares (including anchor portion of 9,671,328 Equity Shares)

Issue Type

100% Book Building

Price Range

Rs 570 to Rs 572

Face Value

Rs 10

Tick Size

Re 1

Bid Lot

26 Equity Shares and in multiples thereof

Minimum Order Quantity

26 Equity Shares

Maximum Subscription Amount for Retail Investor

Rs. 2,00,000

Maximum Bid Quantity

22,575,436 Equity Shares adjusted for multiple of 26 Equity Shares at lower end of Price Band of Rs 570

IPO Market Timings

10.00 a.m. to 5.00 p.m.

Book Running Lead Managers

JM Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Motilal Oswal Investment Advisors Limited and Nomura Financial Advisory and Securities (India) Private Limited

Syndicate Members

JM Financial Services Limited, Kotak Securities Limited and Motilal Oswal Securities Limited



Name of the Registrar

Link Intime India Private Limited

Let us look at some of the key details captured in the IPO profile sheet above as under:

The Book running lead managers (BRLM) are the managers to the issue and they handle the issue from road shows to marketing to pricing to allotment process and post issue follow ups.

Registrar handles the share accounting and that includes dematerialization of shares, crediting to the client accounts, keep a track of ownership shifts, handling corporate actions in future etc.

Price band is the range in which you can put bids. The bids can be put at a tick gap of Rs.1. That means you can apply at 570, 571 or at 572. Applications at 571.50 will not be accepted in this case.

Every IPO has a minimum order quantity. In this case it is 26 shares at Rs.570 per share. That means your minimum investment will be Rs.14,820 (26 x 570). Retail investors can invest up to Rs.2 lakhs in a single application or a maximum of 350 shares.

The above IPO is a mix of new issue and offer for sale. While the new issue leads to dilution of capital, the OFS is an offer for sale where existing shareholders exit the stock. This leads to change in ownership but the EPS does not get diluted as in the case of new issue.