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Wednesday, November 21, 2012

Tara Jewels IPO, which opened for subscription today, has received response from only the retail individual investors with the issue getting subscribed 0.04 times or 5% on an overall basis on the opening day

The IPO under which equity shares are offered in a price band of Rs.225/- to Rs.230/- an equity share, has been rated with an IPO Grade 3/5 by credit rating agency CARE. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

The issue remained unsubscribed in QIB, HNI and Employees categories on the opening day. The IPO would remain open for subscription till Friday, November 23, 2012

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