The share prices of ICRA, India’s No.2 credit rating agency, listed on the indian bourses today. The share prices of ICRA zoomed amidst huge volumes. At the closing bell, ICRA was up by Rs.473 to end the day at Rs.803.2, which is a gain of 143.5% over its IPO issue price of Rs. 330. Those who applied and were lucky enough to get allotment would be laughing all the way to their banks.
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Hi,
Congratulations for a trumendus listing of ICRA. I have purchase 20 Shares @ 1009. What r the Future Prospects of the company? Should I hold it for Six Months
Hello Paritosh,
Though you have bought it at a pretty high price, I suggest you hold it for the next 6 months. Once basel – II norms are implemented, ICRA will get additional revenue. Further since IPO grading has now been made mandatory by the regulator, ICRA will generate lots of revenue from IPO grading. ICRA has an order book of about 250 IPO’s