CARE Ratings completes 100 IPO grading assignments

CARE Ratings today said it has completed 100 initial public offering (IPO) grading assignments, including Coal India, MOIL, JSW Energy, Cox & Kings India, PTC India Financial Services, thereby, becoming the first rating agency in the country to touch the mark.

"We are all very proud of this accomplishment and grateful to our clients and other market participants for having faith in our services. We look forward to maintaining high quality of our services and setting new benchmarks," CARE CEO and Managing Director DR Dogra said in a release here.

In 2007, market watchdog Sebi had made IPO grading mandatory to help investors make informed decisions while investing in companies that plan to raise equity capital by way of IPOs.

 

Other Companies graded by CARE include Gujarat State Petroleum Corporation, Punjab & Sind Bank and IL&FS Transportation Networks among others, the release said.