Hathway Cables IPO assigned IPO Grade 3 by CRISIL - Indian IPO Blog

Wednesday, December 23, 2009

Hathway Cables IPO assigned IPO Grade 3 by CRISIL

Credit Rating Agency CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed Initial Public Offering (IPO) of Hathway Cables & Datacom. A CRISIL IPO Grade 3/5 indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor

CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Stay tuned for more on Hathway Cables & Datacom IPO!

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