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Indostar Capital Finance rises 6.1 percent on market debut

One rupee coins is seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

(Reuters) - Shares of Indostar Capital Finance Ltd rose as much as 6.08 percent on their trading debut on Monday after the non-banking finance firm's initial public offering raised 18.44 billion rupees ($270.65 million).

The stock was trading at 596.4 rupees, as of 0434 GMT, compared with the IPO issue price of 572 rupees.

The IPO was subscribed more than six times on the last day of sale earlier in the month.

(Reporting By Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips)