IndoStar seals $273m India IPO on robust demand

IndoStar Capital Finance has scooped up Rp18.4bn ($273m) after pricing its IPO at the top of guidance, on the back of a strong turnout from a broad range of investors.

  • By Jonathan Breen
  • 14 May 2018

The non-banking finance company held a three day bookbuild from May 9-11, selling a mix of primary and secondary stock. The float comprised Rp7bn of new stock and 20m existing shares, which were placed through an offer-for-sale (OFS).

JM Financial led the deal, working with bookrunners Kotak ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.44
2 Industrial and Commercial Bank of China (ICBC) 15.03
3 CITIC Securities 11.02
4 Agricultural Bank of China (ABC) 10.02
5 China CITIC Bank Corp 9.02

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,658.50 72 7.69%
2 Morgan Stanley 13,801.54 62 6.78%
3 Citi 13,609.47 87 6.69%
4 UBS 10,792.88 67 5.30%
5 China International Capital Corp Ltd 10,501.97 40 5.16%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,519.35 173 7.48%
2 Citi 20,128.10 129 7.34%
3 JPMorgan 13,463.17 81 4.91%
4 Bank of America Merrill Lynch 12,328.25 77 4.50%
5 Goldman Sachs 11,208.75 54 4.09%

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