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ICRA IPO – Apply – Gray Market Premium 100+

ICRA IPO has opened today (20th) and will close on 23rd March.

It is one of the leading credit rating agencies of India.

The IPO price band is Rs.275/- to Rs.330/-.

The IPO comes at 18 times FY07 earnings and looks good buy compared to the already listed CRISIL. (CRISIL is trading at more than 45 times FY06 earnings.)

The stock already has 100+ premium in the grey market. ICRA is over dependent on debt paper rating earnings. It currently as 28% market share in its industry.

Investors should apply at upper end of the price range.

This entry was posted on Tuesday, March 20th, 2007 at 2:54 am and is filed under Initial Public Offerings - IPOs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “ICRA IPO – Apply – Gray Market Premium 100+”

  1. what is the premium of icra ipo in greymarket

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