CARE has come out with research report on PNC Infratech IPO and has assigned IPO Grade 3 to the proposed IPO. CARE IPO Grade 3 indicates ‘Average Fundamentals’.PNC Infratech Limited is a medium size construction company engaged in providing engineering and construction services for infrastructure projects. The company proposes to raise capital through an IPO of 60 lakh equity shares having a face value of Rs.10/- per equity share.