CARE IPO oversubscribed 2 times on Day 2
The Rs 540-crore public offer of credit rating agency Credit Analysis and Research Limited (CARE) has received good response on Monday, a second day for subscription.
December 10, 2012 / 22:20 IST
The Rs 540-crore public offer of credit rating agency Credit Analysis and Research Limited (CARE) has received good response on Monday, a second day for subscription. The issue, which will close tomorrow, has been subscribed 1.91 times so far, as per data available on National Stock Exchange.
Public offer has received bids for 1.38 crore equity shares as against issue size of 71.99 lakh shares.The issue price is set at Rs 700-750 per share. Investor can bid for a minimum of 20 equity shares and in multiples of 20 shares thereafter.Out of the total issue size, the company already raised Rs 80.9 crore from anchor investors, by allocating 10,79,954 equity shares (15 percent of the total offer of 71,99,700 equity shares) to 12 anchor investors at upper end of price band of Rs 700-750 per share.Promoters will dilute 25.22 per cent of their holding in the company through the stake sale and the company will not receive any amount from the issue that will close on December 11.Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited and SBI Capital Markets Ltd are the book running lead managers to the issue.Also Read
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