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CARE IPO oversubscribed on day two: offer closes today


CARE IPO oversubscribed on day two: offer closes today
Rating agency Credit Analysis and Research's (CARE) initial public offer was fully subscribed on the second day, as per data from the National Stock Exchange.

The floor price is 70 times the face value and the cap price is 75 times the face value. Bids can be made for minimum 20 equity shares and in multiples of 20 equity shares thereafter.


The IPO received bids for 1,37,55,080 shares against 61,19,746 shares on offer, as per data on Monday.

The company has fixed the price band at Rs 700-750 per share. It plans to raise Rs 504 crore at the lower end and Rs 540 crore at the top end from the issue.

Public offer of 7,199,700 equity shares of a face value of Rs. 10 each.(including Anchor Portion of 1,079,954 equity shares)

The book-running lead-managers to the issue are Kotak Securities, Bank of America-Merrill Lynch, Edelweiss Capital, ICICI Securities, IDBI Capital and SBI Caps.

This issue type is by 100% Book Building. For non-Retail investors i.e. QIB and Non-Institutional investors bidding for more than 2 lac shall mandatorily use ASBA facility.

Read more about: care ipo
Story first published: Tuesday, December 11, 2012, 12:10 [IST]
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