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Sunday, September 25, 2011

Tijaria Polypipes IPO Rating from ICRA

Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the upcoming IPO of Tijaria Polypipes Ltd. The rating implies that as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Tijaria Polypipes Limited manufactures various kinds of high grade plastic based pipes via HDPE, MDPE, LDPE, LLDPE, uPVC, PP-R pipes and sprinkler systems under the brand name of "TIJARIA" and "VIKAS"

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