214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

70  SME IPOs listed with loss in 2025

ICRA Limited IPO Analysis

ICRA IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 85.18 Cr. The company is based in New Delhi and caters to Banking And Finance sector. Kotak Mahindra Capital Company , SBI Capital Markets are the merchant bankers of ICRA IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 3rd August 2006.

ICRA IPO posted revenues of ₹ 72.43 Cr. and PAT of ₹ 18.93 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 72.43 Cr.
            EBITDA: ₹ 25.23 Cr.
            PAT: ₹ 18.93 Cr.
  • EBITDA Margin: 34.83 %
            Pat Margin: 26.14 %
  • Net Worth: ₹ 94.29 Cr.
  • Market Capitalisation: [●]
  • P/E: 23.01 times
  • P/BV: [●]
  • EV/EBITDA: -0.25 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

ICRA Limited IPO Financial Performance (Restated)

Financial results of ICRA IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY06 FY05 FY04
Balance Sheet
Assets 113.44 97.86 94.95
Net Worth 94.29 83.72 79.15
Total Debt 0.06 [●] [●]
Profit & Loss
Revenue
Revenue on annualised basis
54.32 37.47 32.86
EBITDA
EBITDA on annualised basis
18.92 30.98 25.89
PAT
PAT on annualised basis
14.20 8.09 11.05
Financials
FY06
FY05
FY04
Balance Sheet
Assets
113.44
97.86
94.95

Net Worth
94.29
83.72
79.15

Total Debt
0.06
0.00
0.00

Profit & Loss
Revenue
Revenue on annualised basis
54.32
72.43
37.47
32.86

EBITDA
EBITDA on annualised basis
18.92
25.23
30.98
25.89

PAT
PAT on annualised basis
14.20
18.93
8.09
11.05

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

ICRA Limited IPO Key performance Indicators (KPI)

ICRA IPO PAT Margin is 26.14 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows ICRA IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY06 FY05 FY04
EBITDA Margin (%) 34.83 82.68 78.79
PAT Margin (%) 26.14 21.59 33.63
EPS (₹) 14.34 9.19 12.56
ROE (%) 15.06 9.66 13.96
ROCE (%) [●] [●] [●]
ROA (%) 12.52 8.27 11.64
Debt to Equity 0.00 [●] [●]
Particulars
FY06
FY05
FY04

EBITDA Margin (%)
34.83
82.68
78.79

PAT Margin (%)
26.14
21.59
33.63

EPS (₹)
14.34
9.19
12.56

ROE (%)
15.06
9.66
13.96

ROCE (%)
[●]
[●]
[●]

ROA (%)
12.52
8.27
11.64

Debt to Equity (x)  
0.00
[●]
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

ICRA IPO Valuation Metrics

The market Capitalisation of ICRA IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
23.01

P/B (times) :
[●]

NAV (₹) :
92.37

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in ICRA Limited prospectus?

The ICRA IPO prospectus highlights an Return on Equity (ROE) of 15.06 % , Return on Assets (ROA) of 12.52 %, and an EBITDA Margin of 34.83 %, showcasing financial performance.

How do profitability ratios impact the evaluation of ICRA Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows ICRA IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for ICRA Limited IPO ?

The post-IPO market capitalisation of ICRA IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of ICRA Limited IPO?

The ICRA IPO has a Price-to-Earnings (PE) ratio of 23.01 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of ICRA IPO?

ICRA IPO reported revenue of ₹ 11.72 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from ICRA IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of ICRA IPO?

ICRA recorded an EBITDA of ₹ 25.23 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of ICRA IPO?

ICRA Profit After Tax (PAT) is ₹ 18.93 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 72.43 Cr.
            EBITDA: ₹ 25.23 Cr.
            PAT: ₹ 18.93 Cr.
  • EBITDA Margin: 34.83 %
            Pat Margin: 26.14 %
  • Net Worth: ₹ 94.29 Cr.
  • Market Capitalisation: [●]
  • P/E: 23.01 times
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

ICRA operates in Banking And Finance and Credit Rating Services. The Issue is listed on BSE,NSE in Apr, 2007. ICRA IPO size was 85.18 with Issue price of 330.00 .

Merchant Banker(s) of ICRA IPO: Kotak Mahindra Capital Company Limited , SBI Capital Markets Limited

ICRA IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

ICRA IPO listed at a listing price of 797.60 against the offer price of 330.00.

The current market price of ICRA is 6251.00.

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