Indosolar IPO - IPO Grade 3 from CRISIL

Indosolar IPO had received an IPO Grade 3/5 from credit rating agency CRISIL. CRISIL assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and Grade 5 indicating strong fundamentals. This grade as per CRISIL, indicates that the company has 'Average Fundamentals'

Indosolar Limited manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect

Indosolar IPO is open for subscription between Monday, September 13, 2010 and Wednesday, September 15, 2010. Stay tuned to Indian IPO Blog for latest updates on Indosolar IPO!