ICRA Limited Public Offer opens for subscription on March 20, price band at Rs.275 to Rs.330

The Public Offer of ICRA Limited will open for subscription by investors on Tuesday - March 20, 2007. The company's Public Offer is an offer for sale by existing shareholders. The issue consists of sale of 25,81,100 Equity Shares through 100% book building process.

The Offer for Sale includes Equity Shares of Rs.10 each offered by IFCI Ltd, Administrator of the specified undertaking of the Unit Trust of India and State Bank of India. The offer shall constitute 25.81% of the fully diluted post-offer Equity Share capital of our Company.

The face value of each stock will be Rs.10. The price band for the issue is fixed at Rs.275 to Rs.330 per share. The issue opens on March 20, 2007 and closes for subscription on March 23, 2007.

Out of the issue, 1,290,550 shares are reserved for Qualified Institutional Bidders (QIBs), 387,165 shares to Non-Institutional Investors, 903,385 shares to Retail Individual Investors.

The Equity Shares offered through this Offer are proposed to be listed on the BSE and the NSE.

Intime Spectrum Registry Ltd is the Registrar to the issue.

SBI Capital Markets Ltd and Kotak Mahindra Capital Company Ltd are the Book Running Lead Managers to the issue.

The company's website is ICRA Limited

Click here to view ICRA Limited IPO Prospectus

Source : Equity Bulls

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