Texmo Pipes and Products IPO Rating | Texmo Pipes and Products IPO assigned IPO Grade 2 - Indian IPO Blog

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Monday, February 15, 2010

Texmo Pipes and Products IPO Rating | Texmo Pipes and Products IPO assigned IPO Grade 2

Credit Rating Agency CARE has assigned an IPO Grade 2 to the upcoming IPO of Texmo Pipes and Products Ltd. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. A CARE IPO Grade 2 indicates that the company has "Below Average Fundamentals"

Click here to download IPO Grading Document for Texmo Pipes and Products Ltd. IPO

Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes.The IPO, which will remain open for subscription between Tuesday, February 16, 2010 and Friday, February 19, 2010, consists of 5,000,000 Equity Shares, having a Face Value of Rs.10 each

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