September 25, 2007 at 11:43 pm · Filed under IPO Grades
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 […]
September 18, 2007 at 9:10 pm · Filed under IPO Grades
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 […]
September 11, 2007 at 8:48 pm · Filed under IPO Grading Updates
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 […]
September 10, 2007 at 4:47 pm · Filed under IPO Grading Updates
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 […]
September 4, 2007 at 4:50 pm · Filed under IPO Grading Updates
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 […]