ICRA, a leading provider of investment information and credit rating services in India, is entering capital market with a public issue of 2,581,100 equity shares of Rs 10 each, for cash, at a price to be decided through a 100% book building process through an offer for sale by IFCI ( 18.6 lakh shares), administrator of the Specified Undertaking of the Unit Trust of India (7 lakh shares) and State Bank of India (20,500 shares). This is the second rating agency, which is going to list on stock exchanges.
The price band for the issue has been fixed between Rs 275 to Rs 330 per equity share. The issue opens on March 20, 2007, and closes for subscription on March 23, 2007. The issue size at the higher price band is at Rs 85.17 crore.
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Email: info@avdhootinvestment.com
Website: www.avdhootinvestment.com
