The initial public offer (IPO) of credit rating agency Credit Analysis & Research (CARE) will open for subscription on Friday, 7 December 2012. The issue closes on 11 December 2012. The price band for the IPO is set at Rs 700 to Rs 750 per share. The IPO comprises of offer for sale of share by existing shareholders and therefore the company will not get any funds from the IPO. The selling shareholders are offering about 71.99 lakh equity shares of face value Rs 10 each. The offer will constitute 25.22% of the post-offer paid-up equity share capital of the company.

CARE Ratings provides the entire spectrum of credit rating that helps corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations.