Globus Spirits IPO assigned CARE IPO Grade 3 - Indian IPO Blog

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Sunday, August 30, 2009

Globus Spirits IPO assigned CARE IPO Grade 3

Credit Rating Agency CARE assigned 'CARE IPO Grade 3' grading to the proposed Initial Public Offering (IPO) of Globus Spirits Ltd. (GSL). CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CARE IPO Grade 3 indicates "Average Fundamentals"

The price band for the Globus Spirits IPO is fixed at Rs.90/- to Rs.100/- per equity share. The IPO opens for subscription from Monday, August 31, 2009 and will remain open till Wednesday, September 02, 2009

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