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Tuesday, December 7, 2010

CARE has assigned an IPO Grade 2/5 to the upcoming IPO of Ravikumar Distilleries Ltd. IPO, which would open for subscription from Wednesday, December 8, 2010.

CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals. An IPO Grade 2/5 from CARE implies that as per CARE, the company has 'Below Average Fundamentals'

Ravikumar Distilleries Ltd (RKDL) is in the business of manufacturing of Indian Made Foreign Liquors (IMFL) products

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