Astec LifeSciences IPO assigned IPO Grade 2 by CARE - Indian IPO Blog

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Monday, October 26, 2009

Astec LifeSciences IPO assigned IPO Grade 2 by CARE

The upcoming IPO of Astec LifeSciences Ltd., which opens for subscription from Thursday, October 29, 2009, has been assigned IPO Grade 2 by the Credit Rating Agency CARE.

CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CARE Rating of IPO Grade 2 indicates that the company has below average fundamentals

Astec LifeSciences Ltd. IPO is open till Wednesday, November 04, 2009

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