09 Dec 07 Brigade IPO Grading : Brigade IPO gets IPO Grade 3

Brigade IPO which is opening for subscription next week has managed to get an IPO Grade 3 from CARE. Grade 3 on a scale of 5 represents average fundamentals. Many smaller IPO’s have managed to get a IPO Grade 4. However these gradings were CRISIL IPO Grade and not CARE IPO Grade. Sources say that Brigade IPO managed only a IPO grade of 3 on 5 since it project concentration is skewed heavily towards the Bangalore market exposing Brigade Enterprises Limited to, what is commonly known as, single market risk. Lets see how the Brigade IPO performs.

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Reader's Comments

1. Ramakrishnan | 12 Dec 2007 12:49 am

   what about investing in brigade Enterprises Ltd., IPO? Whether the pricing is okay or it is like Puravankara? Please let me know the experts advice.

2. isha jain | 27 Dec 2007 11:09 am

   please let me know the allotment chances and and listing dates of new ipos

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