June 25, 2007 at 2:21 pm · Filed under IPO Grades
SPCL was incorporated in February 1995. In August 2000, the company was converted into a private limited company. Subsequently, in September 2005, SPCL was re-converted into a public limited company. SPCL is the sole private IPP in A&N supplying electricity to Port Blair and surrounding villages, with its 20MW diesel based power plant, at Bamboo […]
June 18, 2007 at 11:40 pm · Filed under IPO Grades
ICRA has assigned an IPO Grade 1 indicating poor fundamentals, to the proposed initial public offering of Ankit Metal & Power Limited (AMPL).
The assigned grading reflects the promoter’s lack of prior experience in steel manufacturing, relatively small size of the proposed project and lack of any obvious competitive advantage when compared to other established players […]
June 18, 2007 at 3:42 pm · Filed under IPO Grades
Celestial Labs Ltd. was incorporated as Celestial Technologies Private Ltd. in 1997 to provide customized enterprise solutions to its clients. The original promoters sold their holding to the present promoter A.N.Singh in November 1999. The company was converted to a Public Limited Company - “Celestial Technologies Ltd” in December 1999 and was renamed as “Celestial […]