ACME TelePower IPO gets CRISIL IPO Grade 5

Thursday, January 24, 2008

ACME TelePower IPO gets CRISIL IPO Grade 5

ACME TelePower IPO has managed to get a CRISIL IPO grade 5.

This comes as a suprise since the highly successful future capital IPO as well as Reliance Power IPO did not manage to get such high IPO grades. Reliance Power IPO got CRISIL IPO grade 4.

What CRISIL IPO grade 5 implies is that ACME TelePower Limited is fundamentally much stronger than most of the listed companies. I don’t remember any CRISIL Grade 5 IPO hitting the markets in the recent past.

Looks like ACME TelePower IPO will get an excellent response from investors :)


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