CARE IPO Fully Subscribed - Indian IPO Blog

Indian IPO Blog

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Monday, December 10, 2012

CARE IPO Fully Subscribed

CARE IPO, which opened for subscription from Friday, December 7, 2012, has been fully subscribed on second day of its opening.

The IPO consists of 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) offered in a Price Band of Rs.700/- to Rs.750/- per equity share. 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, etc.

According to data available on NSE website, the IPO is subscribed 1.11 times on an overall basis till 4 PM. Precise subscription figures at the end of Day 2 would be updated here.

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