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CARE Ratings IPO Subscription Status

CARE Ratings IPO was subscribed 40.98 times when bidding closed on 11 Dec 2012: QIB 45.8x, NII 110.96x, Retail 6.18x.

The Credit Analysis & Research IPO has been subscribed 40.98x times overall. Retail investors have shown interest with bids for 6.18x the shares available. The Non-Institutional Investor (NII) category has been subscribed 110.96x. Qualified Institutional Buyers (QIBs) have subscribed 45.8x. Data last updated on 12 Nov, 03:10 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 07 Dec, 2012 and closes on 11 Dec, 2012. The shares are expected to list on stock exchanges on 26 Dec, 2012.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 12 Nov 2026, 03:10 PM
Category Bid details Times
QIB - of - - 45.8x
NII - of - - 110.96x
Retail - of - - 6.18x
TOTAL - - 40.98x
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Credit Analysis & Research IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 6
~16.2% chance per PAN — based on 6.18x subscription. Winners get exactly 1 lot (₹15,000) by SEBI lottery, however many lots you bid.
NII / HNI (above ₹2 L)
1 out of 111
~0.9% chance — lottery allots the minimum application per winner (SEBI NII rule since 2022).
QIB (institutions)
45.8x
Proportionate allotment — at 45.8x, institutions receive ~2.2% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 16.2% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 45.8x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 2-day bidding window. On phones, tap a day for the category split.

Date Total
11 Dec 2012
Day 2
40.98x ▼
QIB45.8x BHNI- SHNI- Retail6.18x
10 Dec 2012
Day 1
1.11x ▼
QIB2.46x BHNI- SHNI- Retail0.69x

Credit Analysis & Research IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 07 Dec 2012
  2. Close 11 Dec 2012
  3. Allotment 20 Dec 2012
  4. Refund/credit TBA
  5. Listing 26 Dec 2012

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
CENTAURA INVESTMENTS (MAURITIUS) PTE LTD ₹14.00 Cr 17.28%
GOLDMAN SACHS INDIA FUND LTD ₹7.50 Cr 9.26%
EASTSPRING INVESTMENTS - INDIA EQUITY FUND ₹7.50 Cr 9.26%
WELLINGTON MANAGEMENT COMPANY LLP A/C BAY POND BMDMB ₹7.50 Cr 9.26%
DB INTERNATIONAL (ASIA) LTD. ₹7.50 Cr 9.26%
RELIANCE CAPITAL TRUSTEE CO. LTD A/C - RELIANCE REGULAR SAVINGS FUND - BALANCED OPTION ₹5.40 Cr 6.67%
TATA AIA LIFE INSURANCE CO. LTD A/C WHOLE LIFE MIDCAP EQUITY FUND ₹5.00 Cr 6.17%
BIRLA SUN LIFE INSURANCE CO LTD ₹5.00 Cr 6.17%
BIRLA SUN LIFE TRUSTEE COMPANY PVT LTD A/C BIRLA SUN LIFE MIDCAP FUND ₹4.05 Cr 5.00%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT THEMATIC FDS- FIN SERVICES OPPORT ₹3.00 Cr 3.70%
SUNDARAM MUTUAL FUND A/C SUNDARAM EQUITY MULTIPLIER ₹2.40 Cr 2.96%
FRANKLIN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA PRIMA PLUS ₹1.86 Cr 2.30%
HDFC TRUSTEE CO LTD. - HDFC INFRASTRUCTURE FUND ₹1.80 Cr 2.22%
HDFC TRUSTEE CO LTD.- HDFC MULTIPLE YIELD FUND PLAN 2005 ₹1.80 Cr 2.22%
HDFC TRUSTEE CO LTD.- HDFC MF MONTHLY INCOME PLAN SHORT TERM PLAN ₹1.80 Cr 2.22%
FRANKLIN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA FLEXI CAP FUND ₹1.64 Cr 2.03%
FRANKLIN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA TAX SHIELD ₹0.87 Cr 1.07%
FRANKLIN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA HIGH GROWTH COMPANIES FUND ₹0.55 Cr 0.68%
BIRLA SUN LIFE TRUSTEE COMPANY PVT LTD A/C BIRLA SUN LIFE 95 FUND ₹0.54 Cr 0.67%
BIRLA SUN LIFE TRUSTEE COMPANY PVT LTD A/C INDIA ADVANTAGE (OFFSHORE) FUND ₹0.54 Cr 0.67%
FRANKLIN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA OPPORTUNITES INDIA ₹0.30 Cr 0.37%
BIRLA SUN LIFE TRUSTEE COMPANY PVT LTD A/C BIRLA SUN LIFE LONG TERM ADVANTAGE FUND ₹0.27 Cr 0.33%
FRANKLIN ASIAN EQUITY FUND ₹0.17 Cr 0.21%
TOTAL ₹80.99 Cr 99.98%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Credit Analysis & Research IPO?

As of IPO close date (11 Dec, 2012), the Credit Analysis & Research IPO is subscribed 40.98x times. Retail category is 6.18x, and NII is 110.96x subscribed.

When is the allotment date for Credit Analysis & Research IPO?

The allotment for Credit Analysis & Research IPO is expected to be finalized on 20 December, 2012.

When will Credit Analysis & Research IPO list on the stock market?

Credit Analysis & Research is scheduled to list on BSE and NSE on 26 December, 2012.

What are the chances of getting allotment in Credit Analysis & Research IPO?

The retail category is oversubscribed at 6.18x, meaning allotment is by lottery. Statistically, approximately 1 in 7 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 45.8x mean for Credit Analysis & Research IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 45.8x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Credit Analysis & Research IPO allotment status?

After the allotment date (20 Dec, 2012), you can check your Credit Analysis & Research IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
40.98x
QIB
45.8x
NII
110.96x
Retail
6.18x
Full IPO details
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