Bajaj Corp IPO gets a CRISIL IPO Grade 4 - Indian IPO Blog

Wednesday, June 30, 2010

Bajaj Corp IPO gets a CRISIL IPO Grade 4

The Credit Rating Agency CRISIL has assigned an IPO Grade 4/5 to the proposed IPO of Bajaj Corp Ltd. A CRISIL IPO Grade 4/5 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. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor

Bajaj Corp Ltd is part of Shishir Bajaj Group of Companies and the second largest in the group. Bajaj Corp Ltd is one of India’s leading FMCG company with major brands in Hair Care category

Stay tuned for more on Bajaj Corp IPO!

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