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

Tuesday, February 23, 2010

United Bank of India IPO assigned IPO Grade 4 by CARE

Credit rating agency, CARE has assigned an IPO Grade '4/5' for the IPO of United Bank of India IPO, indicating above average fundamentals. CARE assigns IPO Grades on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. CARE's IPO Grading assigned to any individual issue represents a relative assessment of the fundamentals of the issuer

The IPO Grading Document for United Bank of India IPO can be downloaded from here
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