Innoventive Industries IPO ICRA Rating | Innoventive Industries IPO rated with IPO Grade 3/5 by ICRA - Indian IPO Blog

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Tuesday, April 19, 2011

Innoventive Industries IPO ICRA Rating | Innoventive Industries IPO rated with IPO Grade 3/5 by ICRA

The upcoming IPO of Innoventive Industries IPO has been assigned an IPO Grade 3/5 by ICRA. This indicates that the company has 'Average Fundamentals'. ICRA assigns IPO rating 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

Innoventive Industries Ltd. is engaged in the business of manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products used in different sectors such as transportation, oil & gas, power, farm equipments and general engineering. Innoventive have also developed hydraulic cylinder tubes, rubber to metal products and profiled tubes in house

Innoventive Industries IPO would remain open for subscription between Tuesday, April 26, 2011 and Friday, April 29, 2011. Check back Indian IPO Blog for latest updates on the IPO!

1 comment:

  1. This is a SILENT IPO which is going to be one of the best IPO in the market.
    I have visited their Road Shows and seen their plans...
    I am a broker and an analyst i my recomend is a strong BUY...
    Good for long term and short term...

    ReplyDelete

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