Shares of Indostar Capital Finance made a positive debut at the bourses on Monday despite the overall bearish trend ruling the markets.

The IndoStar Capital stock opened 4.89 per cent higher to list at ₹600 on the BSE. It rose to a high of ₹606.3. The stock, however, closed at ₹585.5, up 2.36 per cent. On the NSE, the shares settled at ₹585, a gain of 2.27 per cent.

According to bulk deal data on the NSE, Lenarco bought 13.9 lakh shares in two separate transactions. BNP Paribas Arbitrage too, bought about 5.47 lakh shares at an average price of ₹589.09. In a separate transaction, BNP Paribas also sold 2.92 lakh shares at ₹595.14 a share.

About 26.88 lakh shares of the company were traded on the BSE and 1.66 crore shares on the NSE. On the BSE, 52.69 per cent shares (or 14.16 lakh shares) were accounted for delivery; on the NSE, 50.91 per cent (84.57 lakh shares) were under deliverable quantity.

The ₹1,844-crore initial public offer of the non-banking finance company was subscribed 6.8 times during May 9-11.

Ahead of the IPO, Indostar Capital had raised ₹553.2 crore from anchor investors, including BNP Paribas Arbitrage, SBI Mutual Fund, HDFC MF, Aditya Birla Sun Life MF and Sundaram MF, among others.

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