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Sunday, January 2, 2011

Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, 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

C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

Click here to download the ICRA IPO Grading Document for C Mahendra Exports Ltd.

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