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

Saturday, December 5, 2009

Godrej Properties IPO assigned ICRA IPO Grade 4

Godrej Properties Ltd. IPO which opens for subscription from Wednesday, December 09, 2009, has been assigned 'ICRA IPO Grade 4' by Credit Rating agency ICRA .

ICRA assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. 'ICRA IPO Grade 4' assigned to an IPO indicates that the company has Above Average Fundamentals.

Godrej Properties Ltd. is one of the leading real estate development companies in India. The company was established in 1990 and is one of the first real estate companies to have obtained an ISO certification. Company's business focuses on residential, commercial and township developments. It currently has projects in 10 cities across India
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