Indiabulls Power IPO gets CRISIL IPO Grade 3/5 - Indian IPO Blog

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Friday, October 9, 2009

Indiabulls Power IPO gets CRISIL IPO Grade 3/5

The credit rating agency CRISIL has assigned IPO Grade 3/5 to the upcoming IPO of Indiabulls Power Ltd. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CRISIL IPO Grade 3/5 indicates that the company has Average Fundamentals

Indiabulls Power Limited is a power project development company and a subsidiary of Indiabulls Realty. The IPO of Indiabulls Power Ltd. opens for subscription from Monday, October 12, 2009. The IPO consists of 339,800,000 Equity Shares, each having a Face Value of Rs.10/- each, offered in a price band of Rs.40/- to Rs.45/- per equity share.

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