Analysis and Insights into the world of IPOs and investing in India

Thursday, December 23, 2010

Shekhawati Poly-Yarn IPO Rating from CARE

Credit Rating Agency CARE has assigned an IPO Grade 2/5 to the upcoming IPO of Shekhawati Poly-Yarn Ltd. An IPO Grade 2/5 to the company indicates that as per CARE, the company has 'Below Average Fundamentals'

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

Shekhawati Poly-Yarn IPO consists of 12,000,000 Equity Shares, having a Face Value of Rs.10/- each and would open for subscription from Monday, December 27, 2010. Hem Securities Limited is the Book Running Lead Manager (BRLM) to the Issue, while Sharex Dynamic (India) Pvt. Ltd. is the Registrar to the Issue. Shekhawati Poly-Yarn IPO would remain open for subscription till Wednesday, December 29, 2010
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