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Monday, December 6, 2010

Tunip Agro IPO gets IPO Grade 2 from Fitch

Tunip Agro Limited’s proposed IPO has received an IPO Grade 2/5 by credit rating agency Fitch Ratings. he grade indicates below-average fundamentals of the issue relative to other listed equity securities in India

Tunip Agro Limited is Mumbai based food products company, engaged in the business of production and marketing of fruit juices and other fruit-based beverages under the brand name of “ONJUS”. Book Running Lead Managers (BRLMs) to the issue is Keynote Corporate Services Limited

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