Reliance Power IPO has managed to get a CRISIL IPO Grade of 4 out of 5. This grading indicates that the Reliance Power IPO is likely to do well since a CRISIL IPO grade of 4 suggests that the fundamentals of the company (Reliance Power Limited in this case) are above average when compared to other listed Indian companies. Reliance Power IPO is likely to hit the market in February 2008. More details about Reliance Power IPO will be posted soon.
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.
KNR Constructions IPO has managed to get a CRISIL grading of 3 out of 5. This rating indicates that the fundamentals of KNR Constructions Limited are in line with the average company listed and traded in the Indian stock exchanges. KNR Constructions IPO would help raise the company a capital of over 1500 crores making it one of the larger IPO’s to hit the markets this year. More details about KNR Constructions IPO Subscription will be posted here soon.
Onmobile Global Limited has got an IPO grading of 4 out of 5. CRISIL which has graded the IPO, by giving a rating of 4/5, implies that the fundamentals of Onmobile Global Limited are better than the average, in relation to all other listed companies in India. Edelweiss Capital IPO has also received an IPO grading of 4/5 from CRISIL. The price band for Onmobile Global IPO and the dates when the IPO opens and closes for subscription have not yet been announced.
eClerx Services Limited IPO has been graded by the credit rating agency, CRISIL. eClerx Services IPO has managed to get a CRISIL IPO Grading of 3 out of a scale of 5. This rating of 3 indicates that the fundamentals of eClerx Services Limited are inline (avearge) with that of other listed companies in India. CRISIL used to give a grading of 1 and 2 to almost all companies coming out with IPO’s, till a few months ago. But now CRISIL seems to have become more generous in giving IPO gradings.