Care fully does it: IPO already covered
The recent surge in India’s equity capital market showed no signs of abating this week, and bankers have already launched two new IPOs. Credit Analysis and Research (Care) even managed to cover its deal by Tuesday morning, after attracting support from anchor investors, according to a banker close to the deal.
Care launched an up-to-Rs5.4bn ($100m) IPO on Monday alongside PC Jeweller, which is hoping to raise up to Rs5.87bn. The two are pitching what will be the first IPOs of more than $50m in India since February.
Indias IPO market has been wracked by negative sentiment since last
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