Credit Rating Agency ICRA has assigned an ‘IPO Grade 3’, indicating average fundamentals, to the proposed Initial Public Offering (IPO) of Plastene India Limited (PIL). ICRA assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals
Plastene India Limited (PIL), formerly known as Oswal Agloimpex Limited, is the flagship company of the Champalal Group, is planning to come up with an Initial Public Offer (IPO) of Equity Shares.
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Thursday, September 15, 2011
Plastene India IPO assigned an IPO Grade 3
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