Credit Rating Agency CRISIL has assigned an IPO Grade 4/5 to the proposed IPO of Muthoot Finance Ltd. This means as per CRISIL, the company has "Above Average Fundamentals" CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals
Muthoot Finance is coming up with an IPO of 5,150,000 Equity Shares of Rs.10/- each, which would open for subscription from Monday, April 18, 2011. The IPO would remain open for subscription till Thursday, April 21, 2011
Check back Indian IPO Blog for the latest updates on Muthoot Finance IPO!
Wednesday, April 13, 2011
Muthoot Finance IPO Rating
Tags
# CRISIL Rating
# IPO Grade
# IPO Grade 4
# IPO in 2011
# IPO in April 2011
# IPO Ratings
# Muthoot Finance IPO
# Muthoot Finance Ltd. IPO
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There is no credibility for this IPO rating.The promoters are just greedy.Read Prospectus .See the company will pay a pretty large amount as royalty to promoters .This is so funny .
ReplyDeleteThey just want to take money from public and then pay it to promoters account in the name of royalty.An easy way to fool investors
Infact as they say there is no big brand value or trade mark value for the name Muthoot.But they are going to bend the law to fool public.After all they were just another high interest country lending agency in kerala for long time