Hindustan Media Ventures IPO gets CRISIL IPO Grade 4 - Indian IPO Blog

Tuesday, May 25, 2010

Hindustan Media Ventures IPO gets CRISIL IPO Grade 4

CRISIL has assigned an IPO Grade 4/5 to the proposed IPO of Hindustan Media Ventures Limited. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

This grade indicates that the fundamentals of the IPO are above 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

Stay tuned for more on Hindustan Media Ventures IPO!

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