Pipavav Shipyard IPO assigned CARE IPO Grade 3 - Indian IPO Blog

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Tuesday, September 15, 2009

Pipavav Shipyard IPO assigned CARE IPO Grade 3

The credit rating agency CARE has assigned CARE IPO Grade 3 to the proposed IPO of Pipavav Shipyard Ltd. CARE IPO Grade 3 indicates Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Pipavav Shipyard Limited is coming up with an Initial Public Offer (IPO) of about 86,850,000 Equity Shares, each having a Face value of Rs. 10/-

More posts on Pipavav Shipyard IPO:
> Pipavav Shipyard IPO Bid Lot
> Pipavav Shipyard IPO Details
> Pipavav Shipyard IPO opens from September 16, 2009

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