Cases & Deals

Kotak Mahindra, DSP Merrill Lynch, Edelweiss, ICICI Securities, IDBI Capital, and SBI Capital complete INR 5,400 million IPO in India and concurrent 144A and Regulation S offering by Credit Analysis and Research Limited

Clients Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited, and SBI Capital Markets Limited

Jones Day advised Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited, and SBI Capital Markets Limited, as underwriters, in connection with the INR 5,400 million (US$100 million) initial public offering of Equity Shares and concurrent Rule 144A and Regulation S offering by Credit Analysis and Research Limited, a leading, full service credit rating company in India.

The IPO consisted of an offer for sale of approximately 7.2 million shares, or 25.22% of the company's outstanding post-offer Equity Shares. The IPO was oversubscribed by more than 41 times.

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