CRISIL Rating for Mandhana Industries IPO - Indian IPO Blog

Friday, February 29, 2008

CRISIL Rating for Mandhana Industries IPO

Credit Rating Agency CRISIL has assigned IPO Grade 3/5 to the forthcoming IPO of Mandhana Industries Ltd. This grade indicates that the fundamentals of the issue are average relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The offer price for the issue may be higher or lower than the level justified by its fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, the graded instrument's future market price or its suitability for a particular investor.

Mandhana Industries Ltd. is in the business of production of fabrics and garments.

Further details about Mandhana Industries Ltd. IPO will be posted as soon as they are available

Stay tuned for the latest updates on Mandhana Industries Ltd. IPO!

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