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

Thursday, August 6, 2009

NHPC Limited IPO gets IPO Grade 3 from ICRA

The credit rating agency ICRA has assigned IPO Grade 3 to the upcoming IPO of NHPC Ltd. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

IPO Grade 3 from ICRA indicates company has average fundamentals. The IPO opens from August 07, 2009.

Click here for more on NHPC IPO
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