CARE IPO has been subscribed 41 times on an overall basis. The IPO, which closed today, received overwhelming response on the closing day of the issue.

The IPO received bids for 1,55,62,400 Equity Shares in the Retail Category as against 25,19,895 Equity Shares reserved in the category, thus making the category subscribed 6.18 times. The category-wise final subscription status is as under:

The subscription figures for CARE IPO has rocketed on the closing day of the issue. The IPO has received bids for a staggering 41 times the size of its issue.

According to data available on the NSE website as on December 11, 2012 2100 hrs IST, the IPO has been subscribed 40.98 times, having received total bids for 25,08,00,220 Equity Shares. The total bids received at cut-off prices is 1,39,91,680 Equity Shares as per NSE website, thus translating into a Retail oversubscription of close to 6 times the shares available in the category.

More than the Retail subscription, it is the subscription in the QIB and HNI categories that has shot up on the closing day of the IPO, which may act as a significant positive for the retail investors. The subscription in the HNI category has already crossed 100 times

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. The final category-wise subscription status will be updated on Indian IPO Blog. With SEBI's new allotment mechanism in place, it would be interesting to see how the allotment would practically take place. Click here to read more on SEBI's New IPO Allotment mechanism

CARE IPO has been subscribed 2.25 times on an overall basis till Monday, December 10, 2012 as per data available on the NSE website. The IPO has received bids 1,37,55,080 Equity Shares as against 6,119,746 Net Equity Shares offered. 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)

The shares are offered under a price band of Rs.700/- to Rs.750/- per equity share with a bid lot of 20 Equity Shares and in multiples thereof. Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited and SBI Capital Markets Limited are BRLMs to the Issue. The IPO closes on December 11, 2012

The following is the subscription status till Day 2, Monday, December 10, 2012 1700 hrs IST:

CREDIT ANALYSIS AND RESEARCH LIMITED
Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	2519896	8824980	3.50
1(a)	Foreign Institutional Investors (FIIs)		7245620
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		1045860
1(c)	Mutual Funds		533500
1(d)	Others		0
2	Non Institutional Investors	1079955	414120	0.38
2(a)	Corporates		0
2(b)	Individuals (Other than RIIs)		0
2(c)	Others		6740
3	Retail Individual Investors (RIIs)	2519895	4515980	1.79
3(a)	Cut Off		0
3(b)	Price Bids		0
	Total	6119746	13755080	2.25

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.

Issue Size: 5,745,000 Equity Shares of Rs. 10 
Issue opens from: September 07, 2011
Issue closes on: September 12, 2011
Price Band: Rs.190/- to Rs.210/- per equity share
Bid Lot: 30 Equity Shares and in multiples thereof
IPO Rating: IPO Grade 3 from CARE
Lead Manager: Almondz Global Securities Limited
Registrar: Karvy Computershare Private Limited

CARE has assigned an IPO Grade 3 to PG Electroplast IPO. This means as per CARE, company has  "Average Fundamentals". CARE assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

PG Electroplast Limited is in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

Stay tuned for the latest updates on PG Electroplast IPO!

Bharatiya Global Infomedia Limited IPO has been assigned an IPO Grade 2 by credit rating agency CARE. This implies that as per CARE, the company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Bharatiya Global Infomedia Limited is a technology based company focusing on the sectors such as Information Technology security and compliance automation software solutions and technology related to media & entertainment industry with focus on Research & Development

Current business operations of the company consist of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. The company has an in-house developed software ERP product, customized software development, training, consultancy, trading, animation and RFID based solution. The company develops small animated capsules for various projects of the clients. It also designs & develops WAP enabled products for clients and mainly focus on building RFID technology

Credit Rating Agency CARE has assigned an IPO Grade 3/5 to Future Ventures Limited IPO. This implies that as per CARE, the company has "Average Fundamentals". CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

The Price Band for the IPO of Future Ventures Limited has been set at Rs.10/- to Rs.11/- per equity share. The price band set is at 1 time the Face Value of share at the lower end and 1.1 times the Face Value at the upper end

Future Ventures Limited, a part of the Future Group, is set to launch its Initial Public Offer (IPO), which would open for subscription from Monday, April 25, 2011. Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics

According to the company's website, Future Ventures, seeks to promote and participate in innovative and emerging business ventures in India. The company intends to play a role in powering entrepreneurship, by promoting or participating in diverse business activities, primarily in “consumption-led” sectors in the country 

Click here to download the IPO Grading Report for Future Ventures Limited IPO

CARE has assigned an IPO Grade 3 to Future Ventures IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grades on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

Future Ventures India Ltd, a part of Future Group, is coming up with an IPO of Equity Shares having a Face Value of Rs.10/- each in a price band of Rs.10/- to Rs.11/- per equity share. The IPO would open for subscription from Tuesday, April 25, 2011

Stay tuned for the latest updates on Future Ventures IPO!

Credit Rating Agency CARE has assigned an IPO Grade 1/5 to the IPO of Shilpi Cable Technologies Ltd. CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. An IPO Grade 1 from CARE indicates that as per CARE, the company has "Poor Fundamentals"

Shilpi Cable Technologies Limited is engaged in the business of manufacturing Radio frequency (RF) cables, widely used in telecom, automobile and power sectors

Click here to download IPO Grading Document from CARE for Shilpi Cable Technologies IPO!

PTC India Financial Services (PFS) IPO has been rated by Credit Analysis and Research (CARE) Limited, ICRA Limited and Credit Rating Information Services of India (CRISIL) Limited. Check out the links given below to view PTC India Financial Services (PFS) IPO Ratings

PTC India Financial Services Limited is entering the capital market with a public issue of 156,700,000 Equity Shares of Rs.10 each consisting of a fresh issue of 127,500,000 Equity Shares by the Company and an offer for sale of 29,200,000 Equity Shares by Macquarie India Holdings Limited

PTC India Financial Services (PFS) IPO Ratings:
- PTC India Financial Services (PFS) IPO Rating from CRISIL
- PTC India Financial Services (PFS) IPO Rating from CARE
- PTC India Financial Services (PFS) IPO - ICRA Rating

CARE has assigned an IPO Grade 4/5 to the Initial Public Offer (IPO) of PTC India Financial Services Limited (PFS). The grade indicates that the fundamentals of the IPO are "Above Average" relative to other listed equity securities in India. CARE assigns IPO grades on a scale of IPO Grade 1 to IPO Grade 5 with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

PTC India Financial Services Limited (PFS) is a subsidary of PTC India and is a systematically important non-deposit taking NBFC engaged in the business of making equity investments, providing debt financing, carbon credit financing, fee-based syndication and advisory services exclusively to the power sector

Stay tuned for IPO Dates and more on PTC India Financial Services IPO!

Credit Rating Agency CARE Limited has assigned an IPO Grade 3 to the upcoming IPO of Omkar Speciality Chemicals Ltd. CARE IPO Grade 3 indicates average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CARE IPO Grading is an opinion on the relative assessment of the fundamentals of the issuer

OSCL (formerly Omkar Specialty Chemicals Private Limited) is involved in the production of specialty chemicals and pharma intermediates. OSCL has proposed to utilise the IPO proceeds to expand the production capacity from 950 MTPA to 3,650 MTPA by FY13. The total project cost envisaged for the expansion is around Rs.47 crore. Balance proceeds are proposed to be utilised for meeting working capital requirements, general corporate purpose and issue expenses

Click here to download the CARE IPO Grading Document for Omkar Speciality Chemicals Ltd. IPO!