MBL Infrastructure IPO Rating | IPO Grading - Indian IPO Blog

Thursday, November 26, 2009

MBL Infrastructure IPO Rating | IPO Grading

Credit Rating Agency ICRA has assigned an IPO Grade 2 to the upcoming IPO of MBL Infrastructures Ltd IPO, which opens for subscription from Friday, November 27, 2009. An IPO Grade 2 from ICRA implies that the company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
(Click here to download the ICRA IPO Grade Document for MBL Infrastructure Limited IPO)

MBL Infrastructures Ltd. IPO is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. The company is coming up with an IPO of IPO of 5,700,000 Equity Shares each having a Face Value of Rs.10/- each. The issue includes net issue to the public of 5,600,000 Equity Shares to the public and a reservation of upto 100,000 equity shares for subscription by eligible employees the price band of the IPO being Rs.165/- to Rs.180/- per equity share.

Stay tuned to Indian IPO Blog for latest updates on MBL Infrastructures Ltd. IPO!

No comments:

Post a Comment