Readymade Steel India IPO (Initial Public Offering) : CARE gives 2 out of 5

by khalid on 22/06/2011 · 0 comments

Readymade Steel India Limited IPO (Initial Public Offering) has got 2 out of 5 by CARE (rating agency) and this rating/grading is ‘Below Average’ for a steel service provider company. The grade 2 indicates that the fundamentals of the IPO are ‘Below Average’ compared to the other listed securities in India. Readymade Steel India Limited is in the business of steel service provider to the infrastructure sector. The company provide customised, prefabricated steel for various infrastructure projects.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Sole Book running lead manager (BRLM) to the issue is Arihant Capital Markets Limited.

Registrar of the Issue : Bigshare Services Pvt Limited, Mumbai

Stay tuned to BelltheBull Blog for more on Readymade Steel India IPO !

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