Bookbuilding IPO | ₹540 Cr | Listed at BSE, NSE | Fri, Dec 7, 2012 - Tue, Dec 11, 2012
CARE IPO is a book build issue of ₹539.98 crores. The issue is entirely an offer for sale of 0.72 crore shares of ₹539.98 crore.
CARE IPO bidding started from Dec 7, 2012 and ended on Dec 11, 2012. The shares got listed on BSE, NSE on Dec 26, 2012.
CARE IPO price band is set at ₹750 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹15,000 (20 shares) (based on upper price). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (1,340 shares), amounting to ₹10,05,000.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to CARE IPO RHP for detailed Information.
IPO Open
Fri, Dec 7, 2012
IPO Close
Tue, Dec 11, 2012
Issue Price
₹750 per share
Market Cap (Pre-IPO)
₹2,141.46 Cr
| IPO Date | 7 to 11 Dec, 2012 |
| Listed on | Wed, Dec 26, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹700 to ₹750 |
| Issue Price | ₹750 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 71,99,700 shares (agg. up to ₹540 Cr) |
| Offer for Sale | 71,99,700 shares of ₹10 (agg. up to ₹540 Cr) |
| Share Holding Pre Issue | 2,85,52,812 shares |
| Share Holding Post Issue | 2,85,52,812 shares |
| BSE Script Code / NSE Symbol | 534804 / CARERATING |
| ISIN | INE752H01013 |
CARE IPO comprises a total issue size of 71,99,700 shares. Out of which, 35,99,850 (50.00%) are allocated to QIB, 10,79,955 (15.00%) allocated to NII 25,19,895 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 35,99,850 | 50.00% | NA |
| − Anchor Investor Shares Offered | 10,79,954 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,19,896 | 35.00% | NA |
| NII (HNI) Shares Offered | 10,79,955 | 15.00% | NA |
| Retail Shares Offered | 25,19,895 | 35.00% | 1,25,994 |
| Total Shares Offered | 71,99,700 | 100.00% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹15,000 |
| Retail (Max) | 13 | 260 | ₹1,95,000 |
| S-HNI (Min) | 14 | 280 | ₹2,10,000 |
| S-HNI (Max) | 66 | 1,320 | ₹9,90,000 |
| B-HNI (Min) | 67 | 1,340 | ₹10,05,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The CARE IPO is subscribed 40.98 times on December 11, 2012 11:00:00 PM (Day 3). The public issue subscribed 6.18 times in the retail category, 45.8 times in the QIB category, and 110.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 45.8 | 25,19,896 | |
| NII | 110.96 | 10,79,955 | |
| Retail | 6.18 | 25,19,895 | |
| Total | 40.98 | 61,19,746 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers (including underwriting commission, brokerage and selling commission) | 8.36 |
| 2 | Commission/processing fee for SCSBs and Syndicate for ASBA | 1.52 |
| 3 | Registrar to the Offer | 0.28 |
| 4 | Advisors | 4.15 |
| 5 | Listing fees | 0.63 |
| 6 | Printing and stationary | 3.00 |
| 7 | Advertising and marketing expenses | 4.25 |
| 8 | Others | 1.42 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹750.00 | ₹750.00 |
| Open | ₹949.00 | ₹940.00 |
| Low | ₹896.20 | ₹895.00 |
| High | ₹986.20 | ₹985.00 |
| Last Trade | ₹923.95 | ₹922.55 |
Lead Manager Reports
CARE IPO is a main-board IPO of 71,99,700 equity shares of the face value of ₹10 aggregating up to ₹540 Crores. The issue is priced at ₹750 per share. The minimum order quantity is 20.
The IPO opens on Fri, Dec 7, 2012, and closes on Tue, Dec 11, 2012.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in CARE IPO using UPI as a payment gateway. Zerodha customers can apply in CARE IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CARE IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CARE IPO opens on Fri, Dec 7, 2012 and closes on Tue, Dec 11, 2012.
CARE IPO lot size is 20, and the minimum amount required for application is ₹15,000.
You can apply in CARE IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The CARE IPO listing date is on Wed, Dec 26, 2012.
