Thangamayil Jewellery Limited (TJL) IPO assigned IPO Grade 3 - Indian IPO Blog

Monday, January 25, 2010

Thangamayil Jewellery Limited (TJL) IPO assigned IPO Grade 3

Credit Rating Agency Brickwork Ratings has assigned BWR IPO Grade 3 for the forthcoming IPO of Thangamayil Jewellery Limited (TJL). A "BWR IPO Grade 3" indicates that the fundamentals of the issue are Average in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals of the issue in relation to its peers.

Thangamayil Jewellery Ltd. (TJL) is one of the leading jewellery retailers in Madurai and trades in Gold Jewellery, Diamond and Platinum jewels. The IPO would open for subscription from Wednesday, January 27, 2010 and would remain open for subscription till Friday, January 29, 2010

Click here for Brickwork IPO Grading Document for Thangamayil Jewellery IPO !

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