Credit Rating Agency CARE has assigned CARE IPO Grade 4 to the proposed IPO of Cox and Kings (India) Ltd. CARE IPO Grade 4 indicates above average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
The company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday, August 21, 2009. The proposed IPO of Cox and Kings(India) will consist of 8,496,640 Equity Shares, each having a Face Value of Rs.10 each
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