Analysis and Insights into the world of IPOs and investing in India

Thursday, March 27, 2008

PNC Infratech IPO gets IPO Grade 3 from CARE

CARE has come out with research report on PNC Infratech IPO and has assigned IPO Grade 3 to the proposed IPO. CARE IPO Grade 3 indicates ‘Average Fundamentals’.PNC Infratech Limited is a medium size construction company engaged in providing engineering and construction services for infrastructure projects. The company proposes to raise capital through an IPO of 60 lakh equity shares having a face value of Rs.10/- per equity share.
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