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Sunday, May 25, 2008

MCX gets IPO Grade 5/5 from CRISIL

Credit rating agency CRISIL has assigned IPO Grade 5/5 to the proposed Multi Commodity Exchange of India IPO. This grade indicates that the fundamentals of the issue are strong 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 grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

Stay tuned for more on MCX IPO
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