January 30, 2008 at 11:40 am · Filed under IPO Grading Updates
Proposed issue of 6,226,600 equity shares, including greenshoe option, aims to raise Rs.2.5 to 2.75 billion.
CRISIL has assigned a CRISIL IPO Grade ‘2/5′ (pronounced ‘two on five’) to the proposed initial public offer of Prince Foundations Ltd (PFL). This grade indicates that the fundamentals of the issue are ‘below average’, in relation to other listed […]
January 30, 2008 at 11:38 am · Filed under IPO Grades
Proposed issue of 6,226,600 equity shares, including greenshoe option, aims to raise Rs.2.5 to 2.75 billion.
PFL was incorporated as a private company in February 2004. Since inception, the company has completed four projects with a total saleable area of nearly 1 million square feet. At present, it is building three projects with a total developable […]
January 29, 2008 at 3:24 pm · Filed under IPO Grades
Tulsi Extrusions Ltd, PVC pipes and fittings manufacturer for the irrigation, industrial, infrastructure and housing sector, is entering the capital market with a public issue of 57,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the 100 per cent book building process.
The price band for the issue has […]
January 29, 2008 at 1:05 am · Filed under IPO Grades
Investors can avoid the initial public offer of Bang Overseas Ltd (BOL). At the upper end of the price band of Rs 200-Rs 207, the offer is valued at close to 20 times the company’s annualised FY 08 per-share earnings, on a fully expanded equity base. The company is in its infancy, and with an […]
January 28, 2008 at 3:40 pm · Filed under IPO Grades
TSL was incorporated on November 7 1990, as a private limited company by Mr Amul Gabrani and Ms Manju Sapra. The company did not conduct any business till 2001. Meanwhile, Mr Gabrani started a proprietary firm Tecpro Systems for the manufacture and supply of material handling equipment. In 2003, TSL took over the proprietary business […]
January 28, 2008 at 3:36 pm · Filed under IPO Grades
V-Guard trades in stabilisers, UPS systems, electric pumps, fans, and electric water heaters, and makes and sells electric cables and solar water heaters. Stabilisers, electric pumps, and electric cables, are the company’s key products, accounting for more than 80 per cent of revenues.Trading contributes about 73 per cent of the company’s revenues.
The company was incorporated […]
January 27, 2008 at 11:44 am · Filed under IPO Grading Updates
CRISIL has assigned a IPO Grade “5/5″ to the proposed initial public offer of Acme Tele Power Ltd, which indicates that the fundamentals of the issue are strong.
Acme Tele Power plans a public issue of 1,72,83,580 equity shares of face value Rs 2 each priced in the range of Rs 800 to Rs 950 per […]
January 26, 2008 at 9:05 pm · Filed under IPO Grades
Proposed public issue of 17,283,580 equity shares of face value Rs 2 targeted at an issue price in the range of Rs 800 to Rs 950 per share.
ATPL, incorporated in January 2003, was promoted by Mr. Manoj Upadhyay. The proposed IPO is in the form of an offer for sale of 17.3 million shares by […]
January 26, 2008 at 1:42 pm · Filed under Rating Agencies
Credit Analysis & Research Ltd. (CARE) is a full service rating company that offers a wide range of rating and grading services across sectors. CARE has an unparallel depth of expertise. CARE Ratings methodologies are in line with the best international practices.
CARE Ratings has completed over 3656 rating assignments having aggregate value of about Rs […]
January 26, 2008 at 12:00 pm · Filed under IPO Grades
Issue aims to raise Rs.1.5-2.0billion; offers 5,000,000 equity shares at a price range of Rs.300-400 per share.
SEPCL belongs to the Chennai-based Shriram Group of Companies. Shriram Industrial Holdings Pvt Ltd and Shriram Auto Finance held a total of 48.7 per cent of the total share capital of SEPCL, as on December 27, 2007. Bessemer Venture […]