Credit Rating Agency CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed Initial Public Offering (IPO) of Hathway Cables & Datacom. A CRISIL IPO Grade 3/5 indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor
CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Stay tuned for more on Hathway Cables & Datacom IPO!
Wednesday, December 23, 2009
Hathway Cables IPO assigned IPO Grade 3 by CRISIL
Tags
# CRISIL Rating
# Hathway Cable IPO
# Hathway Cables and Datacom IPO
# IPO Grade
# IPO Grade 3
# IPO Info
# IPO News
# IPO Ratings
# Upcoming IPO
# Upcoming issues
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