Credit Analysis and Research Limited (CARE) IPO
Open Date : 07 Dec 2012
Close Date : 11 Dec 2012
Price Range 700-750
Lot Size : 20 Shares
OBJECTIVES
There is no fresh issue made by the company. Thus, they will not receive any portion of the funds raised by the sale of their Equity Shares in this Offer. The primary objects of the Offer are to achieve the benefits of listing of its Equity Shares and Carry out the divestment of Equity Shares by the Selling Shareholders.
THE OFFER
The Offer is being made by the Selling Shareholders and there is no fresh issue by the company. This Offer is an offer for sale and does not entail a fresh issuance of Equity Shares by the Company and consequently, they will not receive any proceeds from this Offer.
IPO GRADING
As this is an Offer of Equity Shares, there is no credit rating for this Offer. CARE, being a credit rating company in India, is exempted by SEBI from obtaining the IPO grading for its Initial Public Offer. None of the rating companies including CRISIL, FITCH or ICRA has graded CARE IPO.
RECCOMENDATION
The second dominant position in the Indian rating industry coupled with domain experience across a range of sectors and strong rating credibility and brand presence makes CARE a good investment. Further, CARE’s experienced management, well established business with sustained revenues and profitability margins will work as strong base points for investment.
VERDICT
Subscribe at cut off.
Open Date : 07 Dec 2012
Close Date : 11 Dec 2012
Price Range 700-750
Lot Size : 20 Shares
OBJECTIVES
There is no fresh issue made by the company. Thus, they will not receive any portion of the funds raised by the sale of their Equity Shares in this Offer. The primary objects of the Offer are to achieve the benefits of listing of its Equity Shares and Carry out the divestment of Equity Shares by the Selling Shareholders.
THE OFFER
The Offer is being made by the Selling Shareholders and there is no fresh issue by the company. This Offer is an offer for sale and does not entail a fresh issuance of Equity Shares by the Company and consequently, they will not receive any proceeds from this Offer.
IPO GRADING
As this is an Offer of Equity Shares, there is no credit rating for this Offer. CARE, being a credit rating company in India, is exempted by SEBI from obtaining the IPO grading for its Initial Public Offer. None of the rating companies including CRISIL, FITCH or ICRA has graded CARE IPO.
RECCOMENDATION
The second dominant position in the Indian rating industry coupled with domain experience across a range of sectors and strong rating credibility and brand presence makes CARE a good investment. Further, CARE’s experienced management, well established business with sustained revenues and profitability margins will work as strong base points for investment.
VERDICT
Subscribe at cut off.
