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CARE IPO is a book built issue of Rs 539.98 crores.
CARE IPO bidding started from December 7, 2012 and ended on December 11, 2012. The shares got listed on BSE, NSE on December 26, 2012.
CARE IPO price band is set at ₹700 to ₹750 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Bofa Securities India Limited, Edelweiss Financial Services Ltd, ICICI Securities Limited, Idbi Capital Market Services Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the CARE IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to CARE IPO RHP for detailed information.
| IPO Date | December 7, 2012 to December 11, 2012 |
| Listing Date | December 26, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹700 to ₹750 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 7,199,700 shares (aggregating up to ₹539.98 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
CARE IPO a total of 6,119,746 shares are offered. QIB: 2,519,896 (41.18%), NII: 1,079,955 (17.65%), RII: 2,519,895 (41.18%). Minimum number of shares to be allotted to RIIs : 20 shares. Minimum number of shares to be allotted to NIIs (sNII/bNII) : 280 shares.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,519,896 (41.18%) | NA |
| NII (HNI) Shares Offered | 1,079,955 (17.65%) | |
| Retail Shares Offered | 2,519,895 (41.18%) | 125,994 |
| Total Shares Offered | 6,119,746 (100%) |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹15,000 |
| Retail (Max) | 13 | 260 | ₹195,000 |
| Lot Size Calculator | |||
Incorporated in 1993, Credit Analysis & Research Ltd (CARE) is the second largest full-service credit rating company in India. CARE offers rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others. They also provide general and customized industry research reports.
CARE's existing shareholders include domestic banks and financial institutions, such as IDBI Bank, Canara Bank, SBI and IL&FS etc. Company's list of clients includes banks and other financial institutions, private sector companies, central public sector undertakings, sub-sovereign entities, small and medium enterprises and micro-finance institutions.
They are the leading credit rating agency in India for IPO grading having graded the largest number of IPOs since the introduction of IPO grading in India. CARE Ratings has completed over 19069 rating assignments having aggregate value of about Rs. 44051 bn (as of September 30, 2012), since its inception in April 1993.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-Dec-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | |
| Total Income | 2,171.93 | 1,722.55 | 1,520.26 | 999.31 | 549.11 |
| Profit After Tax (PAT) | 1,157.02 | 879.49 | 856.90 | 523.99 | 266.85 |
The objects of the issue are to:
1. Carry out sale of 7,199,700 Equity Shares by the Selling Shareholders; and
2. To achieve the benefits of lisitng the Equity Shares on the Stock Exchanges.
[Dilip Davda]
On CARE's performance front, the company has posted average EPS of Rs. 35.54 for last three fiscals and Rs. 17.53 for first half of current fiscal. Its NAV as on 30.09.12 is Rs. 149.41. Thus the asking price is at a P/E of 20 plus and at a P/BV of around 4.7 that compares well with listed peers. Listed peers are performing well and has rewarded investors post IPOs. Issue is worth considering for investment.
Read detail review...The CARE IPO is subscribed 40.98 times on Dec 11, 2012 11:00:00 PM. The public issue subscribed 6.18 times in the retail category, 45.80 times in the QIB category, and 110.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 45.80 |
| NII | 110.96 |
| Retail | 6.18 |
| Total | 40.98 |
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 graded CARE IPO.
| Listing Date | December 26, 2012 |
| BSE Script Code | 534804 |
| NSE Symbol | CARERATING |
| ISIN | INE752H01013 |
| Final Issue Price | ₹750 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹750.00 |
| ₹949.00 |
| ₹896.20 |
| ₹986.20 |
| ₹923.95 |
| NSE |
|---|
| ₹750.00 |
| ₹940.00 |
| ₹895.00 |
| ₹985.00 |
| ₹922.55 |
Credit Analysis & Research Ltd
4th Floor, Godrej Coliseum,
Somaiya Hospital Road, Off Eastern Exp Highway,
Sion (East), Mumbai 400 022
Phone: (91 22) 6754 3456
Email: investor.relations@careratings.com
Website: http://www.careratings.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: care.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
CARE IPO is a main-board IPO of 7,199,700 equity shares of the face value of ₹10 aggregating up to ₹539.98 Crores. The issue is priced at ₹700 to ₹750 per share. The minimum order quantity is 20 Shares.
The IPO opens on December 7, 2012, and closes on December 11, 2012.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The CARE IPO opens on December 7, 2012 and closes on December 11, 2012.
CARE IPO lot size is 20 Shares, and the minimum amount required is ₹15,000.
You can apply in CARE IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for CARE IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the CARE IPO allotment status.
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