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ICRA Limited IPO (ICRA IPO) Detail

March 20, 2007 - March 23, 2007

ICRA IPO is a book built issue of Rs 85.18 crores.

ICRA IPO bidding started from March 20, 2007 and ended on March 23, 2007. The shares got listed on BSE, NSE on April 13, 2007.

ICRA IPO price band is set at ₹275 to ₹330 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,600.

Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the ICRA IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to ICRA IPO RHP for detailed information.

ICRA IPO Details

IPO Date March 20, 2007 to March 23, 2007
Listing Date April 13, 2007
Face Value ₹10 per share
Price Band ₹275 to ₹330 per share
Lot Size 20 Shares
Total Issue Size2,581,100 shares
(aggregating up to ₹85.18 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue10,000,000
Share holding post issue10,000,000


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 ₹6,600
Retail (Max) 30 600 ₹198,000
Lot Size Calculator

About ICRA Limited

Established in 1991, ICRA Limited is one of the leading credit rating agencies in India providing a wide range of products and services.

ICRA is primarily engaged in the business of providing rating services. In addition, ICRA, along with its subsidiaries, provide consulting services, information technology based services, information services, and outsourcing services. ICRA Limited has three subsidiaries, namely, IMaCS, ICTEAS and ICRA Online.

Moody�s Corporation is ICRA's strategic partner. Moody�s Corporation has invested in ICRA through its indirect subsidiary Moody�s India, which holds 29.10% of ICRA's pre Preferential Allotment and Offer equity share capital.

ICRA's total revenue has increased from Rs. 333.67 million in fiscal 2003 to Rs. 559.09 million in fiscal 2006, at a CAGR of 18.77%. During the same period, ICRA's profit after tax has increased from Rs. 97.05 million to Rs. 142.04 million, at a CAGR of 13.53%.

Key Performance Indicator

KPI Values

Objects of the Issue (ICRA IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to carry out the sale of up to 2,581,100 Equity Shares.

ICRA IPO Subscription Status (Bidding Detail)

The ICRA IPO is subscribed 75.04 times on March 23, 2007 5:00:00 PM. The public issue subscribed 53.99 times in the retail category, 90.65 times in the QIB category, and 72.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

ICRA IPO Prospectus


Rating:Rated 3.6 stars
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ICRA IPO Listing Details

Listing Date April 13, 2007
BSE Script Code 532835
ISIN INE725G01011
Final Issue Price ₹330 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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ICRA Limited Contact Details

ICRA Limited
ICRA Limited,
1105, Kailash Building, 11 th Floor,
26 Kasturba Gandhi Marg, New Delhi 110 001, India
Phone: +91 11 2335 7940

ICRA IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

ICRA IPO - Buy or Not

ICRA IPO Recommendation Summary

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ICRA IPO is a main-board IPO of 2,581,100 equity shares of the face value of ₹10 aggregating up to ₹85.18 Crores. The issue is priced at ₹275 to ₹330 per share. The minimum order quantity is 20 Shares.

The IPO opens on March 20, 2007, and closes on March 23, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The ICRA IPO opens on March 20, 2007 and closes on March 23, 2007.

ICRA IPO lot size is 20 Shares, and the minimum amount required is ₹6,600.

You can apply in ICRA 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 ICRA IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ICRA IPO allotment status.

The ICRA IPO listing date is on April 13, 2007.
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ICRA IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



261. Vella |   Link |  Bookmark |June 15, 2007 12:55:18 PM
Dear Suchi has gone hiding ! She (or he ?) is not reachable !
260. InvestorSmart |   Link |  Bookmark |June 15, 2007 11:16:34 AM
Buy ICRA as many as will reach 1000
259. suchi |   Link |  Bookmark |June 5, 2007 8:57:17 PM
icra will trail 500 in next week
258. Vikram |   Link |  Bookmark |May 23, 2007 10:38:06 PM
ICRA reports net profit of Rs 4.36 crore in the March 2007 quarter

Sales reported at Rs 10.50 crore

ICRA reported net profit of Rs 4.36 crore in the quarter ended March 2007.
Sales reported at Rs 10.50 crore in the quarter ended March 2007.

For the full year, net profit rose 27.47% to Rs 16.10 crore in the year ended March 2007 as against Rs 12.63 crore during the previous year ended
March 2006. Sales rose 19.81% to Rs 39.79 crore in the year ended March 2007 as against Rs 33.21 crore during the previous year ended March 2006.

257. Vella |   Link |  Bookmark |May 8, 2007 9:29:38 AM
ICRA informed BSE that ICRA Techno Analytics has got its subsidiary incorporated in the US with the name ICRA Techno Analytics. And you know the rest !
256. Investor of Millenium |   Link |  Bookmark |May 7, 2007 1:49:07 PM
Sell ICRA at current levels.
255. Jaycee Chokshi |   Link |  Bookmark |May 1, 2007 4:19:21 PM
Now, buy FGP Ltd. since it is having 37% Promoters' stake in the Company and the Promoters mean Foriegn Promoters, other shares are held by the Indian Public and others together. It looks attactive since it is having whopping 37% PROMOTERS" STAKE.
254. FRIENDS |   Link |  Bookmark |April 27, 2007 11:25:22 PM
One Should purchase ICRA at current levels..
target is Rs 950/- short level

253. sham |   Link |  Bookmark |April 27, 2007 6:18:43 PM
to tim tim
where is timm tim ..look at the price of ICRA now its going low and low ..on what basis u have given 1325 , give reason ..dont give your opininions without any logic
252. timtim |   Link |  Bookmark |April 19, 2007 6:39:42 PM
icra will touch 1325 within 5 days
251. Vella |   Link |  Bookmark |April 19, 2007 3:37:51 PM
If ICRA is one of the rating agencies for new IPOs, just watch and see what it's value is going to be. Nobody insults "mai-baap" and gets away with it! That's one of the basic lesson.
250. Investor |   Link |  Bookmark |April 19, 2007 12:41:16 PM
ICRA should not be brought at current levels. It has lost its shine and upstream. Buy IFCI or crisil for short term instead.
and Tanushree about 1 month target what you have quoted.
That will be a 1 year target i guess. 1600 is just too far and it has already reached the volumes.
249. tanushree |   Link |  Bookmark |April 19, 2007 12:07:20 AM
icra still an excellent stock.see where crisil and educomp is and decide urself. i am pretty sure it will ask companies to buy the stocks as its given rating to lot of them and has huge support from every company.
my target 1450-1600 in 1 month.
248. Investor |   Link |  Bookmark |April 18, 2007 3:58:16 PM
Sell ICRA at current levels. Buy ICRA only after a market crash where its going to list at around 600 mark. Those holding sell to make decent profits. ICRA has reached its peak, which was 1138. This price was taken as 1/3 rd of CRISIL price and thats how it fared. Dont buy unless there is a stake increase by promoter Moody in the stock.
247. rams |   Link |  Bookmark |April 17, 2007 10:15:00 PM
hello rahul...from tomarrow onwards...ICRA will go down to its orginal price Rs.550/- So dont buy and loose your money.
246. rahul |   Link |  Bookmark |April 17, 2007 6:43:21 PM
ICRA ka kal kya hoga yaro?
up ki down?
245. ramesh |   Link |  Bookmark |April 17, 2007 5:26:48 PM
Please dont loose your money buying overvalued scrip
244. praksah |   Link |  Bookmark |April 17, 2007 5:23:49 PM
I think icra will come to 600 levels once trading interest is over. At 600 levels it will trade at 40 times PE on FY'08 earnings. Dont buy freshly. It will be risky to buy.
243. Rahul |   Link |  Bookmark |April 17, 2007 5:05:48 PM
Can any body let me know, about ICRA future now?
will it go up again or will be down?
is it still expected to touch 1200 in the coming week.
242. Investor |   Link |  Bookmark |April 17, 2007 4:06:32 PM
Sell ICRA at current levels else be ready to book your losses. I have already made some loss expecting it to go up again by 20%.
This was because the MF holding just sold all the shares at 1125 mark which they found to be a stop point.