The initial public offer of Credit Analysis & Rating Ltd (CARE) will be open for subscription from Friday , 7th Dec, 2012 and close on Tuesday, 11 Dec., 2012
- Issue Details (CARE IPO
- Business Overview
- Comparison with Industries peer
- Payment schedule table
Issue Details
| Issue Open | Friday 7 Dec, 2012 |
| Issue Close | Tuesday 12 Dec, 2012 |
| Issue Size | 7,199,700 Equity Shares (Rs. 504-Rs. 540 Cr) |
| Price Band | Rs. 700 - Rs. 750 |
| Bid Lot | 20 Equity Shares |
| Cheque in Favour of (Retail Investor) | CARE Public Offer - Escrow account - R |
| Registrar of Issue | Karvy Computershare Pvt. Ltd |
IPO Grading: Company has been exempted by the Securities and Exchange Board of India (“SEBI”) (pursuant to Regulation 109(b) of the SEBI Regulations) from obtaining IPO grading for the Offer
Business Overview
CARE is leading, full service credit rating company in India, it was the second largest rating company in India in term of rating turnover.
The company offer wide range of rating & grading services a diverse range of instruments & Industries. It had rating relationships with 4644 clients as of Sep. 30, 2012.
The primary focus has been to provide credit rating service in India. They have over 19 years of experience in rating debt instrument & related obligations covering a wide range of sectors, such as a manufacturing , services, banks and infrastructures.
They are recognized by the Capital Market Development Authority, Republic of Maldives to carry their ratings of debt & bank loan . They have also been recognized by Bank of Mauritius for using their ratings for risk weighting of bank claims on corporate for capital adequacy purposes.
Comparison with Industries peer
Company Name Revenue Face Value EPS P/E Ratio RoNW Book Value Market Price CARE 2,187.95 10 40.55 - 30.72 131.98 CRISIL 8,497.75 1 28.98 32.39 49.9 59 ICRA 2,287.91 10 54.01 25.09 17.9 301.61
Payment Schedule Table
| No. of Shares | Price per Share | Cheque Amount (Rs) |
|---|---|---|
| No. of Shares | Price per Share | Cheque Amount (Rs) |
| 20 | 750 | 15000 |
| 40 | 750 | 30000 |
| 60 | 750 | 45000 |
| 80 | 750 | 60000 |
| 100 | 750 | 75000 |
| 120 | 750 | 90000 |
| 140 | 750 | 105000 |
| 160 | 750 | 120000 |
| 180 | 750 | 135000 |
| 200 | 750 | 150000 |
| 220 | 750 | 165000 |
| 240 | 750 | 180000 |
| 260 | 750 | 195000 |
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