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ICRA IPO is a book build issue of ₹85.18 crores. The issue is entirely an offer for sale of 0.26 crore shares of ₹85.18 crore.
ICRA IPO bidding started from Mar 20, 2007 and ended on Mar 23, 2007. The shares got listed on BSE, NSE on Apr 13, 2007.
ICRA IPO price band is set at ₹330.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,500 (20 shares). The lot size investment for sNII is 31 lots (620 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (3,040 shares), amounting to ₹10,03,200.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
| IPO Date | March 20, 2007 to March 23, 2007 |
| Listing Date | April 13, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹275 to ₹330 per share |
| Issue Price Final | ₹330 per share |
| Lot Size | 20 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 25,81,100 shares (aggregating up to ₹85.18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
ICRA IPO offers total 25,81,100 shares. Out of which 12,90,550 (50.00%) allocated to QIB, 3,87,165 (15.00%) allocated to NII, 9,03,385 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 12,90,550 (50.00%) | NA |
| NII (HNI) Shares Offered | 3,87,165 (15.00%) | NA |
| Retail Shares Offered | 9,03,385 (35.00%) | 45,169 |
| Total Shares Offered | 25,81,100 (100.00%) |
ICRA IPO opens on March 20, 2007, and closes on March 23, 2007.
| IPO Open Date | Tue, Mar 20, 2007 |
| IPO Close Date | Fri, Mar 23, 2007 |
| Tentative Listing Date | Fri, Apr 13, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 23, 2007 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,600 |
| Retail (Max) | 30 | 600 | ₹1,98,000 |
| S-HNI (Min) | 31 | 620 | ₹2,04,600 |
| S-HNI (Max) | 151 | 3,020 | ₹9,96,600 |
| B-HNI (Min) | 152 | 3,040 | ₹10,03,200 |
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%.
| KPI | Values |
|---|---|
| RoNW | 13.67% |
The Company ICRA IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To achieve the benefits of listing on the Stock Exchanges and to carry out the sale of up to 2,581,100 Equity Shares by our Selling Shareholders |
| Listing Date | April 13, 2007 |
| BSE Script Code | 532835 |
| NSE Symbol | ICRA |
| ISIN | INE725G01011 |
| Final Issue Price | ₹330 per share |
| BSE Listing Group | B1 |
ICRA Ltd.
ICRA Limited,
1105, Kailash Building, 11 th Floor,
26 Kasturba Gandhi Marg, New Delhi 110 001, India
Delhi, New Delhi
Phone: +91 11 2335 7940
Email: ipo@icra.in
Website: http://www.icra.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: icraipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
ICRA IPO is a main-board IPO of 25,81,100 equity shares of the face value of ₹10 aggregating up to ₹85.18 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 20.
The IPO opens on March 20, 2007, and closes on March 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ICRA IPO using UPI as a payment gateway. Zerodha customers can apply in ICRA IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ICRA IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ICRA IPO opens on March 20, 2007 and closes on March 23, 2007.
ICRA IPO lot size is 20, and the minimum amount required for application is ₹6,600.
You can apply in ICRA 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 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 Friday, April 13, 2007.
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