CRISIL is a rating agency which accords rating to the IPOs and in this league it has assigned a CRISIL IPO Grade of ‘3/5’ to the Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO. The IPO is opening for subscription on 24 Apr 2012 and closes on 26 Apr 2012 with a price bandf of Rs 120-126 for an IPO size of Rs 210 Crores.
IPO Grading Implications
A grade of 3 out of five means fundamentals of the IPO are average when compared with listed equity securities in India.
Investment Advice and Caution
- Please note that any grading is not an explicit opinion on the issue price appropriateness related to the issue fundamentals.
- Moreover grade does not mean that Crisil is asking you to buy, sell or hold the graded instrument. Future market price can not be guaranteed based on grading.
- Another caution is that suitability for a particular investor varies as per an individual risk profile.
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