Crisil, ICRA in demand ahead of CARE IPO

Crisil (up 12.38%) and ICRA (up 18.11%), edged higher.

The BSE Sensex was down 56.51 points, or 0.29% at 19,283.39.

Crisil had underperformed the market over the past one month till 30 November 2012, rising 2.19% compared with the Sensex's 4.93% rise. The scrip had also underperformed the market in past one quarter, rising 6.02% as against Sensex's 10.25% rise.

ICRA had underperformed the market over the past one month till 30 November 2012, falling 2.29% compared with the Sensex's 4.93% rise. The scrip had, however, outperformed the market in past one quarter, rising 13.92% as against Sensex's 10.25% rise.

 

The initial public offering (IPO) of CARE Ratings will open for subscription on 7 December 2012 and close on 11 December 2012.

The company will offer about 71.99 lakh equity shares of face value Rs 10 each in a price band of Rs 700 to Rs 750 per share.

The offer will constitute 25.22% of the post-offer paid-up equity share capital of the company.

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