Man Infraconstuction IPO | Man Infra IPO Rating - Indian IPO Blog

Tuesday, February 16, 2010

Man Infraconstuction IPO | Man Infra IPO Rating

Credit Rating Agency CRISIL has come out with an IPO Rating for the upcoming IPO of Man Infraconstuction Ltd., a construction company located in Mumbai. CRISIL has assigned a CRISIL IPO Grade 3/5 to the IPO. The grade indicates that the fundamentals of the issue are Average relative to 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

CRISIL assigns IPO gradings on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. The IPO Grading Document for the CRISIL Rating on Man Infraconstuction IPO can be downloaded from here

Man Infraconstruction Ltd., an infrastructure construction company headquartered in Mumbai, is entering capital markets with an IPO of 5,625,150 Equity Shares, having a Face Value of Rs.10/- each. The IPO would open for subscription from Thursday, February 18, 2010 and would remain open for subscription till Monday, February 22, 2010

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