19 Nov 09 Cox and Kings IPO Subscription Details
Cox and Kings IPO Subscription Details as of yesterday have not been too encouraging. The Cox and Kings IPO managed a subscription of just under 60% yesterday, the day the IPO opened for subscription. Cox and Kings derives over 90% of its revenues from the leisure sector since it is a travel and tours operator. Investors seem to be skeptical on how this sector would perform considering the ongoing recession. The Cox and Kings IPO has been priced attractively and this fact alone is likely to ensure that the IPO gets oversubscribed by the time it closes for subscription. More updates on the subscription details of Cox and Kings IPO will be updated here. Keep checking this space for Cox and Kings IPO allotment status and also for the Cox and Kings IPO listing date.
01 Jan 08 Reliance Power IPO gets CRISIL IPO Grade 4
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.
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.
07 Dec 07 KNR Constructions IPO gets a CRISIL grading of 3
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.
08 Nov 07 Onmobile Global Limited IPO gets CRISIL IPO grade 4
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.
08 Nov 07 eClerx Services Limited IPO gets a CRISIL IPO Grading of 3
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.
