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IPO Ratings » 2007 » September

Archive for September, 2007

Saamya Biotech (India) Limited

Saamya Biotech (India) Limited was incorporated in August, 2002 by Dr.Y. Manivardhan Reddy and his wife Dr. Sonia Reddy of the Visu group of companies, to undertake the business of manufacturing and trading chemicals, pharmaceuticals,drugs and intermediates.
However,the company did not commence any operations till 2005 when it proposed to set up an USFDA (United States […]

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Consolidated Construction Consortium Limited

Incorporated in 1997 as a public limited company, by four exemployees of Larsen and Toubro (Mr.R. Sarabeswar, Mr. S.Sivaramakrishnan, Mr. V. G.Janarthanam and Mr. T.Seetharaman) under the name‘CCCL’, the company has concentrated on construction and related activities in commercial,industrial, residential and infrastructure sectors. CCCL has six regional offices with majority of its activities focused in […]

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ICRA assigns Grade 2 to Brahamputra Consortium Limited IPO

ICRA has assigned IPO Grade 2,indicating below average fundamentals, to the proposed initial public offer of Brahamputra Consortium Limited (BCL). ICRA assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
BCL is proposing a public issue of 4.2 million […]

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CRISIL assigned grade 1/5 to Varun Industries IPO

CRISIL has assigned a CRISIL IPO Grade “1/5″ (pronounced “one on five”) to the proposed initial public offer (IPO) of Varun Industries Limited (VIL). This grade indicates that fundamentals of the issue are poor relative to other listed equity securities in India.
In CRISIL’s opinion, the grading is constrained by VIL’s lack of cogent business and […]

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CRISIL assigned grade 4/5 to Precision Pipes and Profiles IPO

CRISIL has assigned a CRISIL IPO Grade “4/5″ (pronounced ‘four on five’) to the proposed initial public offer of Precision Pipes and Profiles Company Ltd (PPAP). This grade indicates that the fundamentals of the issue are above average, relative to other listed equity securities in India.
The grading reflects the company management’s success in transforming a […]

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