GSFC IPO assigned an IPO Grade 4 by CRISIL - Indian IPO Blog

Monday, May 10, 2010

GSFC IPO assigned an IPO Grade 4 by CRISIL

Credit Rating Agency CRISIL Research has assigned a CRISIL IPO grade of 4/5 to the proposed Initial Public Offer (IPO) of Gujarat State Petroleum Corporation (GSPC). An IPO Grade 4/5 from CRISIL indicates that the fundamentals of the IPO are above average relative to 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. CRISIL 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

Gujarat State Petroleum Corporation (GSPC) is the flagship company of GSPC Group involved in exploration and production (E&P). GSPC was among India’s first companies to participate in the NELP bidding process and acquire exploration blocks across the country. The company has an international portfolio with exploration acreage in Australia, Egypt, Yemen and Indonesia

Stay tuned to Indian IPO Blog for the latest updates on Gujarat State Petroleum Corporation (GSPC) IPO!

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