Satluj Jal Vidyut Nigam IPO Rating from CARE

Satluj Jal Vidyut Nigam IPO has been assigned an IPO Grade 4/5 by the credit rating agency CARE. CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. An IPO Grade 4 from CARE implies that as per CARE, the fundamentals of the company are 'Above Average'. Satluj Jal Vidyut Nigam IPO Grading Document may be downloaded from here

Satluj Jal Vidyut Nigam IPO will open for subscription from Thursday, April 29, 2010. The IPO, which would consist of Equity Shares, having a Face Value of Rs.10/- each would remain open for subscription till Monday, May 03, 2010. The offer comprises a net offer to the public of 411,650,000 equity shares and a reservation of 3,350,000 equity shares for purchase by eligible employees at the offer price

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