Bookbuilding IPO | ₹85 Cr | Listed at BSE, NSE | Tue, Mar 20, 2007 - Fri, Mar 23, 2007
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,600 (20 shares) (based on upper price). 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.
Refer to ICRA IPO RHP for detailed Information.
IPO Open
Tue, Mar 20, 2007
IPO Close
Fri, Mar 23, 2007
Issue Price
₹330 per share
Market Cap (Pre-IPO)
₹330.00 Cr
| IPO Date | 20 to 23 Mar, 2007 |
| Listed on | Fri, Apr 13, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹330 |
| Issue Price | ₹330 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 25,81,100 shares (agg. up to ₹85 Cr) |
| Offer for Sale | 25,81,100 shares of ₹10 (agg. up to ₹85 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| BSE Script Code / NSE Symbol | 532835 / ICRA |
| ISIN | INE725G01011 |
ICRA IPO comprises a total issue size of 25,81,100 shares. Out of which, 12,90,550 (50.00%) are allocated to QIB, 3,87,165 (15.00%) allocated to NII 9,03,385 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 13.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 29.1% | 28.51% |
| Market Cap | ₹330.00 Cr. |
The ICRA IPO is subscribed 75.04 times on March 23, 2007 5:00:00 PM (Day 4). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 1.28 |
| 2 | Advertisement and marketing expenses | 0.56 |
| 3 | Printing, stationery including transportation of the same | 2.13 |
| 4 | Others (Registrar’s fees, legal fees, listing fees, etc.) | 1.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹330.00 | ₹330.00 |
| Open | ₹525.00 | ₹540.00 |
| Low | ₹525.00 | ₹540.00 |
| High | ₹880.10 | ₹870.00 |
| Last Trade | ₹797.60 | ₹803.25 |
Lead Manager Reports
ICRA IPO is a main-board IPO of 25,81,100 equity shares of the face value of ₹10 aggregating up to ₹85 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 20.
The IPO opens on Tue, Mar 20, 2007, and closes on Fri, Mar 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 Tue, Mar 20, 2007 and closes on Fri, Mar 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 Fri, Apr 13, 2007.
