CARE assigns IPO Grade 2 to Syncom Healthcare IPO - Indian IPO Blog

Monday, January 25, 2010

CARE assigns IPO Grade 2 to Syncom Healthcare IPO

Credit Rating Agency CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. An IPO Grade 2 from CARE indicates that according to CARE, the company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 1 to 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

Syncom Healthcare Ltd., a pharmaceutical company engaged in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment, is entering the capital markets with an 100% Book-Built Issue IPO of 7,500,000 Equity Shares, having a Face Value of Rs.10/- each

More posts on Syncom Healthcare IPO:
> Syncom Healthcare Limited IPO - Objects of the Issue

> Syncom Healthcare Limited IPO opens for subscription from January 27, 2010

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