Religare Enterprises Limited (REL) is a financial services company offering a range of financial services targeted at retail investors, high net worth individuals and corporate and institutional clients. The company has been promoted by the promoters of Ranbaxy Laboratories Limited. They operate from six regional offices and 5 sub-regional offices and have a presence in […]

ICRA has assigned an IPO Grade 3 indicating average fundamentals, to the proposed initial public offering of Religare Enterprises Limited (REL).
ICRA assigns IPO grading on a scale of IPO Grade 5 through IPO Grade 1,with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. An ICRA IPO Grade is a symbolic representation of […]

VIL, promoted by Kiran Mehta, Kailash Agarwal and Virendra Mehta, received its certificate of incorporation on April 21, 2005. VIL, earlier known as Varun Continental Limited, was incorporated on March 8, 1996 and exported stainless steel houseware and kitchenware, and gems and jewellery. Varun Continental Limited, in turn, took over Varun Exports, the proprietorship concern […]

CRISIL has assigned a CRISIL IPO Grade “4/5″ (pronounced ‘four on five’) to the proposed initial public offer of Edelweiss Capital Ltd (ECL). 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 ability as seen in its success in […]

ICRA Limited (“ICRA”) has assigned an IPO Grade ‘1’ indicating poor fundamentals to the proposed initial public offering of Allied Computers International (Asia) Limited. The assigned grading reflects the company’s small size of operations and marginal presence in a fiercely competitive industry dominated by large players, including multinationals, who have far superior technical capabilities, brand […]

ICRA has assigned an IPO Grade 2 to the proposed initial public offering Renaissance Jewellery Limited (RJL) indicating below average fundamentals. The IPO grading assigned by ICRA takes into account the significant experience of RJL’s promoters and its management in the diamond studded jewellery industry and the advantages available to the company on account of […]