Credit Rating Agency CARE has assigned CARE IPO Grade 4 to the proposed IPO of Cox and Kings (India) Ltd. CARE IPO Grade 4 indicates above average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
The company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday, August 21, 2009. The proposed IPO of Cox and Kings(India) will consist of 18,496,640 Equity Shares, each having a Face Value of Rs.10 each
Stay tuned for more updates on Cox and Kings IPO!
More posts on Cox and Kings (India) IPO:
> Cox and Kings IPO Price Band
> Cox and Kings (India) IPO Details
> Cox and Kings IPO to open for subscription from Wednesday, November 18, 2009
> Cox and Kings IPO may hit the markets soon
> All posts on Cox and Kings (India) IPO
