Day: 5 December 2012

CARE Ratings IPO will open on 7-Dec-2012 & closes on 11-Dec-2012 with price band of Rs 700-750. Research Firm - KRChoksey advises to subscribe to CARE Ratings IPO.  See Full report link at end of this post. About the Company & Business Model Credit Analysis and Research Ltd (CARE ratings) is one of the leading credit rating agencies in India. The company was promoted by IDBI Bank, Canara Bank and State Bank of India and stands second after CRISIL in terms of rating turnover. The company has added many income generating pool of products such as SME rating, MSE rating, Edu-grade, Equi-grade, Real Estate and market linked debenture valuation etc. CARE has strengthened its position in IPO grading market by capturing ~ 49.4% market share. Competitors  – CRISIL , ICRA Future Outlook 1...