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IPO Ratings » 2007 » November

Archive for November, 2007

Renaissance Jewellery Limited

RJL is in the business of manufacturing studded gold, platinum and silver jewellery using polished diamonds, precious and other semiprecious coloured stones. Its product portfolio includes rings, earrings, pendants, bracelets, necklaces etc. In FY06, the company added bridal jewellery and gemstone jewellery to its product portfolio.
The company has recently opened up retail stores in India […]

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Edelweiss Capital Limited

ECL, promoted by Mr. Rashesh Shah and Mr. Venkatchalam Ramaswamy, was incorporated as a public limited company on November 11, 1995. It has a merchant banking licence from the Securities and Exchange Board of India (SEBI). As of March 2007, the company was predominantly engaged in institutional equities broking, investment banking and proprietary arbitrage trading […]

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CARE assigns Grade 3 to Cords Cable Industries IPO

CARE has assigned `CARE IPO Grade 3` to the initial public offer of Cords Cable Industries Ltd. The grade indicates “Average Fundamentals”. Cords Cable is planning an IPO of 35 lakh equity shares of Rs 10 face value.
The grading reflects vast experience of Cords Cable’s promoters and management in the cable industry, consistent track record […]

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ICRA assigns Grade 3 for BGR Energy Systems Limited IPO

ICRA has assigned an IPO Grade 3,indicating average fundamentals, to the proposed IPO of BGR Energy Systems Limited (BGR). ICRA assigns IPO gradings on a scale of IPO Grade 5 through to IPO Grade 1,with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. IPO Grade 3 represents average fundamentals.
The IPO Grade 3 […]

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CRISIL assigned grade 4/5 to OnMobile IPO

CRISIL has assigned a CRISIL IPO Grade “4/5″ (pronounced “four on five”) to the proposed initial public offer of OnMobile Global Ltd. (OGL). This grade indicates that the fundamentals of the issue are above average relative to other listed equity securities in India.
The grading reflects OGL’s position as the largest player in the mobile value-added […]

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CRISIL assigned grade 3/5 to Tecpro Systems IPO

CRISIL has assigned a CRISIL IPO Grade ‘3/5′ (pronounced ‘three on five’) to the proposed initial public offer of Tecpro Systems Ltd (TSL). This grade indicates that the fundamentals of the issue are average, in relation to other listed equity securities in India.
The grading reflects the sound operational and strategic abilities of TSL’s promoters in […]

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CRISIL assigned grade 3/5 to eClerx Services IPO

CRISIL has assigned a CRISIL IPO Grade ‘3/5′ (pronounced ‘three on five’) to the proposed initial public offer of eClerx Services Ltd (ESL). This grade indicates that the fundamentals of the issue are average, in relation to other listed equity securities in India.
The grading reflects management’s ability to get contracts from large global clients in […]

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