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Wednesday, January 5, 2011

C Mahendra Exports IPO has been bid 0.92 times on an overall basis till Wednesday, January 05, 2011 1600 hrs IST, as per data available on the NSE website.

The IPO was fully subscribed in the Retail Category till Day 3 of its opening, i.e. till Tuesday, January 04, 2011. The response from the QIB Category was lukewarm till Day 3, when the category was bid just about 0.43 times

Earlier, Credit Rating Agency ICRA had assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, the  company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

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