Key Points
Indostar Capital and Everstone Capital Partners Tuesday said its promoters are selling 14.21% stake in the company through an offer for sale (OFS), which opens Wednesday (May 3, 2023)...
The company propose to sell up to 1,93,40,000 equity shares representing 14.21 percent of the total paid-up equity shares with aface value ofRs. 10.00", IndoStar Capital Finance said in an exchange filing..
. Ten percent of the offer size will be reserved for allocation to retail investors subject to receipt of valid bids, Indostar Capital added..
The unsubscribed portion of the offer shares reserved for retail investors shall be available for allocation to the investors in the non-retail category who have chosen to carry forward their un-allotted bids to T + 1 Day..
A minimum of 25% of the offer shares will be reserved for mutual funds and insurance companies, subject to receipt of valid bids at or above the floor price and as per allocation methodology..
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