Cords Cable IPO been awarded CARE IPO Grade 3

November 14, 2007

Cords Cable IPO has been assigned “CARE IPO Grade 3″ by the leading credit rating agency, which indicates average fundamentals of the company.

CARE IPO Grading of Cords Cable Industries Limited IPO reflects the  promoters and management’s experience in the cable industry, consistent track record of the company in terms of revenue and profits, diverse and reputed clientele and future potential for growth in business due to favourable outlook for power sector.

IPO of Cords Cable will hit the markets after it receives the clearing from the market regulator SEBI for which the company has recently filed the DRHP. Cords Cable IPO will raise 3.5 million equity shares of Rs. 1o each and the price band is not yet fixed. For more information regarding the Cords Cable IPO updates visit us regularly.

Posted in IPO-Grading, Indian IPOs