ARSS Infrastructure Projects Ltd’s proposed an IPO of rs 120-140 cores and the care given the ipo a rating of 2(i.e) grade 2.The Grade indicates that the company has below average fundamental and u can subscribe the ipo according to your own wish.As now grading factor is making life of the investor easy and helping all to see where this companies were stand.
As the company not very large but we can say that it too early to comment on it ans as there is no regard of the company in the past.The company was incorporated on the May 17, 2000 Subhash Agarwal and his brothers for the construction projects concern with the railway sector. In the past years, the company mainly operated work in Orissa. Now they were planning to expand their operations to other states and also to other segments in constructions such as development & construction of roads, highways,etc.
The company is on her way to make itself big and that's why they introduced the ipo and by subscription we know how user and other institution refer towards the ipo.
ARSS Infrastructure Projects Ltd’s IPO Rating.
IPO, Stock News Raman Friday, July 25, 2008 0 comments
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