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Shankara Pipes IPO – Assigned grade 2 by CRISIL
- Filed under: IPO
- Date: Apr 9,2008
CRISIL has come out with research report on Shankara Pipes India’s IPO. It has assigned a CRISIL IPO Grade 2/5 to the company’s IPO. The company proposes an IPO of 61,15,000 equity shares.SPIL aims to raise between Rs 790 and 910 million through its proposed public issue of 61,15,000 equity shares.Really crisil grading doesn’t matter anymore its like the olden days the IPO are getting very less subscribed and if the price is less then on the listing day they are for sure getting some profit and we have to sell it out so you don’t get burn yourself after a week or so.
