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

Monday, January 11, 2010

CRISIL Rating for Infinite Computer Solutions IPO

CRISIL has assigned a CRISIL IPO Grade "2/5" (pronounced "two on five") to the proposed Initial Public Offer (IPO) of Infinite Computer Solutions (India) Ltd.

This grade indicates that the fundamentals of the IPO are below 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.

(Click here to download the CRISIL IPO Grading Document for Infinite Computer Solutions IPO)
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