ICRA Ltd files DRHP with SEBI

New Delhi, Aug 7 (UNI) ICRA limited, India's leading credit agency, today filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an offer for sale of 25.81 lakh equity shares of Rs 10 each.

The offer for sale is by IFCI Limited, State Bank of India and Administrator of the Specified Undertaking of Unit Trust Of India.

The offer constitutes 25.81 per cent of the fully diluted post-offer capital of ICRA Limited. While 50 per cent of the offer is reserved for Qualified Institutional Buyers (QIBs), 15 per cent is reserved for non-institutional investors, and 35 per cent is for retail investors.

The sale price will be decided through the book building process, and SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited, have been appointed as the Book Running Lead Managers for the offer for sale.

The equity shares are proposed to be listed on the NSE and the BSE.

ICRA Limited is primarily engaged in the business of providing rating services. In addition, alongwith its subsidiaries, it also provides consulting services, information technology based services, information services, and outsourcing services.

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