United Bank of India IPO assigned IPO Grade 4 by CARE - Indian IPO Blog

Indian IPO Blog

Insights into investing world 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

No comments:

Post a Comment

Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times