Nitesh Estates IPO Rating from CRISIL - Indian IPO Blog

Wednesday, April 21, 2010

Nitesh Estates IPO Rating from CRISIL

Credit Rating Agency CRISIL has assigned an IPO Grade 2 to the upcoming Initial Public Offer of Nitesh Estates IPO. CRISIL assigns IPO grading on a IPO scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. An IPO Grade 2 from CRISIL indicates that as per CRISIL, the company has 'Below Average Fundamentals'

Nitesh Estates Limited, in the business of real estate development, primarily residential projects in Bengaluru. It develops homes, hotels, office buildings, and retail spaces. The company was founded in 2004 and is headquartered in Bangalore, India

The IPO would remain open for subscription between Friday, April 23, 2010 and Tuesday, April 27, 2010

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