|Mr.T.N.Arun kumar,CGM Care Ratings & Mr.Dinesh Sharma,VP|
CREDIT ANALYSIS AND RESEARCH LIMITED.-INITIAL PUBLIC OFFER-ATTRACTIVELY PRICED BUT DOUBTS ABOUT SUSTAINABILITY PERSISTS.
Price band fixed between Rs.700 and Rs.750 per equity share.Opening on 7.12.2012,closing on 11.12.2012.
Credit Analysis and Research limited is coming out with a public offer of 7,199,700 equity shares of face value of Rs. 10\ each.The offer will contitute 25.22% of the post offer paid up equity share capital of the company.
CARE RATINGS is the second biggest credit rating agency in the country.After the offer,the holdings of IDBI bank will be 17.19% and Canara bank will be 15.21%..
For the year ended march,86.4% of its earnings came out of ratings.SEBI exempts the company from IPO grading.
CARE enjoys strong financials,with good brand positioning with professional management.
CRSIL Ltd.is quoting at Rs.1029.35 and ICRA Ltd. is quoting at Rs.1400/-(as on 5.12.2012)
Note:Please read the prospectus before taking an investment decision.