Credit Rating Agency CRISIL has assigned an IPO Grade 4/5 to the proposed IPO of Muthoot Finance Ltd. This means as per CRISIL, the company has "Above Average Fundamentals" CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals
Muthoot Finance is coming up with an IPO of 5,150,000 Equity Shares of Rs.10/- each, which would open for subscription from Monday, April 18, 2011. The IPO would remain open for subscription till Thursday, April 21, 2011
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